Search found 3577 matches

by prudent
Tue Nov 12, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: $10K wire transfer - loan to son - tax implications?
Replies: 8
Views: 718

Re: $10K wire transfer - loan to son - tax implications?

There is no CTR for a wire transfer, it only applies to literal cash (the C in CTR is "Currency").
by prudent
Fri Nov 08, 2019 1:02 pm
Forum: Personal Investments
Topic: Inherited trust taxes
Replies: 4
Views: 377

Re: Inherited trust taxes

Can you choose to take the trust income as a distribution each year? In other words, does the trust allow you to take it?
by prudent
Wed Oct 23, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for 2 mil+ in annual spending?
Replies: 60
Views: 6429

Re: Best credit card for 2 mil+ in annual spending?

I see the AMEX Centurion Black in your future. https://thepointsguy.com/guide/amex-centurion-black-card/ I don't even have an Amex and already got an invite a year or two back. Not paying $7500 for a status symbol :beer Hardly just a status symbol. Top tier status at both Delta and Hilton are worth...
by prudent
Sun Oct 13, 2019 5:27 pm
Forum: Personal Investments
Topic: How to Invest in Friends Private Business
Replies: 19
Views: 1179

Re: How to Invest in Friends Private Business

Topic is locked, OP has said he/she will consult the attorney.
by prudent
Sun Oct 13, 2019 3:04 pm
Forum: Personal Investments
Topic: How to Invest in Friends Private Business
Replies: 19
Views: 1179

Re: How to Invest in Friends Private Business

I removed some posts and comments declaring this would be fraud and illegal. The OP said he will consult with his lawyer where he will be set straight if that's an issue, so let his lawyer address those concerns as we don't have all the facts. Let's keep replies focused on the IRS issue he is askin...
by prudent
Sat Oct 05, 2019 8:34 pm
Forum: Personal Investments
Topic: Family Finances
Replies: 18
Views: 3108

Re: Family Finances

Are you the beneficiary for her IRA and life insurance? I believe those would pass to you directly, not considered part of her estate.
If you are the sole owner of the home and her IRA/life insurance pass to you directly, what would be in her estate to claim against?
by prudent
Thu Oct 03, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: Would or should you tip AAA road assistance?
Replies: 67
Views: 4856

Re: Would or should you tip AAA road assistance?

Tipped $20 once, 6 AM, 10 degrees out, in a snowstorm right outside downtown and got a flat. AAA guy came from 18 miles away since nobody closer would take the call. Ordinarily I would not tip unless there were special circumstances.
by prudent
Mon Sep 30, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: need advice negotiating with car maker for problems with new car
Replies: 30
Views: 1606

Re: need advice negotiating with car maker for problems with new car

Yes, taking the brand new replacement is like a complete do-over. You get a full new car warranty.
by prudent
Mon Sep 30, 2019 1:40 pm
Forum: Forum Issues and Administration
Topic: Can't make new post
Replies: 6
Views: 638

Re: Can't make new post

I can't see any obvious reason that would be the case but I will escalate it.
by prudent
Mon Sep 30, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: New job and dislike it ... go back to old employer?
Replies: 43
Views: 4590

Re: New job and dislike it ... go back to old employer?

The idea of going back to a previous employer is fine. Where I worked, it was not unusual at all for someone to leave and come back later. But if you left due to a toxic environment and that hasn't changed, I don't know why you would go back. It was bad enough to make you leave once already. The mon...
by prudent
Mon Sep 30, 2019 6:10 am
Forum: Personal Investments
Topic: Garrett Fee Only
Replies: 18
Views: 1977

Re: Garrett Fee Only

If $2200 will give you peace of mind that you haven't missed anything and you are on solid ground with your plans, it's worth it. Your original post said you are looking for reassurance, so to me that makes sense. If the planner's results match yours, don't think "I just wasted $2200." You should th...
by prudent
Sat Sep 28, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4332

Re: Going to a wedding party

I am assuming when you say "party" you are referring to what most people call the "reception" after the wedding. You wouldn't want to bring flowers. The reception may or may not start with a cocktail hour where drinks and small appetizers are served, followed by the announcement of the bridal party ...
by prudent
Thu Sep 26, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: Resources for dealing with very! difficult employees
Replies: 13
Views: 1589

Re: Resources for dealing with very! difficult employees

I don't think there's a one-size-fits-all solution to these situations. I had a similar situation as a new manager - many on the team had decades more experience at the firm than I did, and there were a couple that needed to go if they wouldn't change certain behaviors. What I did was to work on bui...
by prudent
Thu Sep 26, 2019 9:50 am
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 4314

Re: Fine Art Investments

There are many parallels between art and other collectibles - coins, classic cars, antiques, you name it. Casual participants have a hard time making money. There are many levels of expertise that people don't even know exist until they start to move up the knowledge scale. Auction shenanigans. Hype...
by prudent
Wed Sep 25, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Q4 category - how to use? [2019]
Replies: 40
Views: 3331

Re: Chase Freedom Q4 category - how to use? [2019]

With gas stations, you need to see if the bonus only applies "at the pump". I'd do a small test purchase before loading up.
by prudent
Thu Sep 19, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Do You Tip At Counter Service Restaurants?
Replies: 145
Views: 9270

Re: Do You Tip At Counter Service Restaurants?

Topic is locked (topic exhausted).
by prudent
Tue Sep 17, 2019 7:26 pm
Forum: Investing - Theory, News & General
Topic: What do you think about Dan Wiener
Replies: 82
Views: 5885

Re: What do you think about Dan Wiener

^ that is a different link than the one in the OP. The one immediately above does have the green arrows (plus the BOOM!s above the arrows :) ). The content is slightly different - the one in the OP has an additional year of data in the graphs. The sales pitch is almost word-for-word identical, only ...
by prudent
Tue Sep 17, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: What do you think about Dan Wiener
Replies: 82
Views: 5885

Re: What do you think about Dan Wiener

Let's stipulate that the OP was asking for help in understanding the linked content and not trying to advocate for anything.
by prudent
Tue Sep 17, 2019 10:46 am
Forum: US Chapters
Topic: Local Chapter - Fees?
Replies: 12
Views: 1274

Re: Local Chapter - Fees?

No bright ideas to offer but just some data points if it helps. Our library has 5 rooms they rent. Rates go from $20 for 3 hours (a room which holds 8) to $100 for 3 hours (a room which holds 50). I really thought they let township residents use the rooms for free until I just checked. Demand is so ...
by prudent
Fri Sep 13, 2019 9:24 am
Forum: Personal Investments
Topic: UPRO Proshares S&P ETF 3-4x return of S&P?
Replies: 14
Views: 3996

Re: UPRO Proshares S&P ETF 3-4x return of S&P?

This holding is a terrible choice in isolation, but there are portfolios that can be constructed by combining it with volatile bond funds such as EDV (unleveraged) or TMF (leveraged). These are complicated investment strategies though and not for most people. They can be crushed, but under the righ...
by prudent
Tue Sep 10, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing hard credit pulls when getting mortgage preapproval
Replies: 14
Views: 919

Re: Minimizing hard credit pulls when getting mortgage preapproval

Are you saying you'd like to be in a preapproved status for potentially up to 3 years, re-applying as needed whenever a preapproval runs out?
by prudent
Tue Sep 10, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Can this girl "go wild?"
Replies: 33
Views: 5242

Re: Can this girl "go wild?"

If my income exceeded required expenses by $100K, I would not track detailed spending any longer if I didn't want to. That would be a cushion of over $8,000/month. I know even if I "lived it up" by my standards I couldn't burn through all that. And it's not as if you're ignoring your spending, you'r...
by prudent
Mon Sep 09, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Life Changes - Help With Looking For Employment After 10 Years
Replies: 38
Views: 3961

Re: Hard Life Changes - Help With Looking For Employment After 10 Years

You might consider looking into doing translation work as a possible gap filler, given your scientific background and being bilingual. I worked for a company that frequently needed to get technical documents translated from English into other languages and it seemed like it could be pretty lucrative...
by prudent
Fri Sep 06, 2019 2:24 pm
Forum: Personal Investments
Topic: Multi-generational trust
Replies: 26
Views: 1805

Re: Multi-generational trust

I don't believe it's useful to try to stretch a trust out for generations. The idea of "no distributions until the balance catches up" could train the beneficiaries to treat any distribution as "bonus money" - not something they can count on. I suspect that would lead to treating the distributions l...
by prudent
Sun Sep 01, 2019 8:28 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help
Replies: 45
Views: 5857

Re: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help

So you have two spots, you need one, and expect to need one for an eventual tenant. So I'd rent one spot month-to-month and tell her it's only rented to her until you get a tenant. She can negotiate with her other neighbor if that doesn't work for her.

I would never consider selling, only renting.
by prudent
Sun Sep 01, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help
Replies: 45
Views: 5857

Re: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help

If you rented her two spots, how much parking is left for you and any tenants? And would everyone be able to come and go as they wished without someone else having to move their cars out of the way? I'm not surprised she wants to buy it instead of rent - her convenient parking is gone and she may ha...
by prudent
Sun Sep 01, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13808

Re: out of network emergency visits. Huge bill!!!

Topic is locked (replies no longer addressing OP's situation).
by prudent
Fri Aug 30, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Outside accounts question on Vanguard site.
Replies: 3
Views: 331

Re: Outside accounts question on Vanguard site.

Can you have Vanguard link both accounts to your one Vanguard login?
by prudent
Fri Aug 30, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Dental bone graft surgery or dentures
Replies: 1
Views: 344

Re: Dental bone graft surgery or dentures

Topic is locked (medical advice is off-topic by forum policy). See: Medical Issues Questions on medical issues are beyond the scope of the forum. If you are looking for medical information online, I suggest you start with the Medical Library Association's User's Guide to Finding and Evaluating Heal...
by prudent
Wed Aug 28, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Experience With "Best Pick Reports"?
Replies: 1
Views: 205

Re: Experience With "Best Pick Reports"?

Found this comment from a business owner explaining how it works.
by prudent
Tue Aug 27, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Mobile Check Question
Replies: 18
Views: 1683

Re: Depositing Mobile Check Question

Under my endorsement I write "For <bank name> Mobile Deposit only" to help me keep track of where I deposited the check.
by prudent
Tue Aug 27, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15295

Re: Best of Bogleheads - your #1 takeaway

Following the Bogleheads' philosophy gets the job done. There is no need to watch CNBC, react to headlines, make it any more complicated, or care what anyone else is doing. It's simple, easy to understand and easy to implement.
by prudent
Mon Aug 26, 2019 6:44 pm
Forum: Personal Investments
Topic: Tax bracket problem
Replies: 51
Views: 3137

Re: Tax bracket problem

Want to make sure you're looking at the cap gains issue correctly. You mention 3K TLH carrying on for a few years. It sounds like you have losses but are reluctant to sell gainers because of the cap gains tax. Wonder why you intend to carry the losses for a few years. Not intentionally but for a la...
by prudent
Mon Aug 26, 2019 6:05 pm
Forum: Personal Investments
Topic: Tax bracket problem
Replies: 51
Views: 3137

Re: Tax bracket problem

Want to make sure you're looking at the cap gains issue correctly. You mention 3K TLH carrying on for a few years. It sounds like you have losses but are reluctant to sell gainers because of the cap gains tax. Wonder why you intend to carry the losses for a few years.
by prudent
Fri Aug 23, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: iphone battery issue?
Replies: 32
Views: 1674

Re: iphone battery issue?

Check the battery health as mentioned. The only time my iphone 6 overheated like that was when using Waze while charging. Close all apps you aren't using, use Settings to keep apps from running in the background (apps like to do that). Since you said this just started yesterday, did you just downloa...
by prudent
Thu Aug 22, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks mixed
Replies: 2
Views: 288

Re: U.S. stocks mixed

No, don't think we need this thread. Topic locked.
by prudent
Wed Aug 21, 2019 10:41 am
Forum: Investing - Theory, News & General
Topic: Stable value funds?
Replies: 11
Views: 744

Re: Stable value funds?

The details will be specific to your plan, but as a comparison our 401k stable value fund guarantees the interest rate for a 6-month period. About a month before a period ends, they inform us of what the next 6 months' rate will be. It also has restrictions on jumping in and out of the fund. The rat...
by prudent
Tue Aug 20, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: reactivating credit card
Replies: 13
Views: 788

Re: reactivating credit card

It may be impossible for them to reactivate the card since it was discontinued years ago (although people who already had the card could keep it).
by prudent
Mon Aug 19, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does it matter what type of college one goes to?
Replies: 278
Views: 27688

Re: Does it matter what type of college one goes to?

In my experience, there's little benefit to paying huge sums for an expensive school for 95% of students. Yes, there is the 5% that wants to get a Wharton MBA or the like, or is counting on connections made in an elite college to bolster their career, but that's very few people. A student who excels...
by prudent
Sat Aug 17, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: Best method for handling work task list and note taking?
Replies: 28
Views: 2158

Re: Best method for handling work task list and note taking?

For notes: nothing is as fast as a pen on paper, and I'm a very fast typist. Pen/paper allows sketching a diagram, circling/underlining key points, drawing arrows, etc. I devise abbreviations for key words/concepts, put asterisks next to action items. My notes are sloppy and others can't generally r...
by prudent
Wed Aug 14, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 10315

Re: Received a $17,000 medical bill! Can we negotiate?

Topic is locked (derailed).

OP, if you want to respond to this thread to share the resolution of your problem, PM a moderator.

-moderator prudent
by prudent
Tue Aug 13, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Basic tax topic
Replies: 15
Views: 1673

Re: Basic tax topic

Welcome to bogleheads! Capital gains in a taxable account get a bit of a break on income taxes. If you're married filing jointly, you would pay zero tax on long-term capital gains if your taxable income is under $78,750. Over that it's 15% tax on long-term capital gains up to around $430,000 of taxa...
by prudent
Mon Aug 12, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Why household batteries have picture of no trash disposal on them?
Replies: 27
Views: 2916

Re: Why household batteries have picture of no trash disposal on them?

Just in case anyone is doing this, car batteries shouldn’t be thrown in the trash. They each have 20 lbs. of lead in them as well as the acid which will eventually be leached into our groundwater. Not only that but the lead is valuable and can be reused for other purposes, like new batteries. In fa...
by prudent
Sun Aug 11, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to regularly (auto) e-Transfer funds to someone else’s bank account?
Replies: 16
Views: 1093

Re: Best way to regularly (auto) e-Transfer funds to someone else’s bank account?

I did it by adding the other person to my bank's billpay and set up recurring monthly payments. It was done through ACH. I did have to call my bank to get the info on how to do it because it was going to another bank's checking account, but it worked flawlessly. Thanks. What sort of timeline is inv...
by prudent
Sun Aug 11, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to regularly (auto) e-Transfer funds to someone else’s bank account?
Replies: 16
Views: 1093

Re: Best way to regularly (auto) e-Transfer funds to someone else’s bank account?

I did it by adding the other person to my bank's billpay and set up recurring monthly payments. It was done through ACH. I did have to call my bank to get the info on how to do it because it was going to another bank's checking account, but it worked flawlessly.
by prudent
Sun Aug 11, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: As a trustee, can I "settle" the financial portion of a trust on my own?
Replies: 21
Views: 1737

Re: As a trustee, can I "settle" the financial portion of a trust on my own?

The advice I got was to have a financial advisor give guidance on how the trust funds should be invested (based on purpose of the trust). Not that you need to have an advisor take over management of the trust, but to be able to say "these funds were invested based on what a professional money manage...
by prudent
Sat Aug 10, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: No pay increase but increase in responsibility
Replies: 110
Views: 8525

Re: No pay increase but increase in responsibility

With the above in mind, I would propose subcontracting some work. Could you suggest to your management the names of some firms that might be able to help? My previous company did that on occasion, also in a very specialized field of engineering. It meant giving some work to smaller competitors, and ...
by prudent
Sat Aug 10, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: No pay increase but increase in responsibility
Replies: 110
Views: 8525

Re: No pay increase but increase in responsibility

I don't think I'd seem like a team player by saying the equivalent of "You need some extra help? OK, I'm going to cut back to no more than 40 hours." But it is unnecessary to work any more hours than you already are. Been in that situation twice, and I used different approaches because the managers ...