Search found 1656 matches

by bengal22
Sat Jun 15, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 41
Views: 2470

Re: Short-term money needs for Executor of Estate

I am co executor and power of attorney for my mom. I will not file will with court. I will not do probate. I'm confused. Regardless of anything else, I believe that state laws absolutely require anybody who is in possession of a person's will to file it with the courts within a specified time perio...
by bengal22
Thu Jun 13, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 41
Views: 2470

Re: Short-term money needs for Executor of Estate

I am co executor and power of attorney for my mom. All accounts are set up with me and my 2 siblings as beneficiaries. Her car is titled to her and TOD to me. Her funeral is prearranged and prepaid. Upon her passing, all assets will be divided equally by the financial institutions and mailed to the...
by bengal22
Thu Jun 13, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 41
Views: 2470

Re: Short-term money needs for Executor of Estate

I am co executor and power of attorney for my mom. All accounts are set up with me and my 2 siblings as beneficiaries. Her car is titled to her and TOD to me. Her funeral is prearranged and prepaid. Upon her passing, all assets will be divided equally by the financial institutions and mailed to the ...
by bengal22
Mon May 20, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5804

Re: Probate costs?--I am the sole heir and the executor

I guess that is why I could do a probate myself. We dealt with beneficiaries, appraised the estate, sold the real estate, and determined no tax filings were required. My only point in all this is that one needs to know what is really required for probate and determine if you do indeed need a lawyer...
by bengal22
Sun May 19, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: Anyone have a GMC Acadia? Or similar?
Replies: 27
Views: 1610

Re: Anyone have a GMC Acadia? Or similar?

We have a Traverse and love it. It really is a minivan disguised as an SUV. Seats 7, good pickup on the highway, very reliable.
by bengal22
Sat May 18, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5804

Re: Probate costs?--I am the sole heir and the executor

... the work to probate a 3 million dollar estate is about the same as the work for a 6 million dollar estate of similar complexity. Why would the legal probate fees be twice as much in that case? ... The work to probate the Will (and to do the probate related forms) is the same for a $3 million es...
by bengal22
Sat May 18, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5804

Re: Probate costs?--I am the sole heir and the executor

... the work to probate a 3 million dollar estate is about the same as the work for a 6 million dollar estate of similar complexity. Why would the legal probate fees be twice as much in that case? ... The work to probate the Will (and to do the probate related forms) is the same for a $3 million es...
by bengal22
Fri May 17, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5804

Re: Probate costs?--I am the sole heir and the executor

In Ohio probate is easy and a lawyer is not needed. There are about 12 forms and 3 filing events. in your case I would be nervous about the 2 sisters. But in my FIL wanted 5k to fill out these simple forms. Each situation is different but the legal industry wants you to think it's complex.
by bengal22
Fri May 17, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5342

Re: Does stock allocation truly matter?

The most important thing is to save money. The second most important thing is to invest that money. The third most important thing is Stock/Bonds. The fourth most important thing is US/INTL. All of that assumes you have a job. Good list but I would add earn a lot is the most important thing and put...
by bengal22
Fri May 17, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5484

Re: Guidance on choosing between UMich and Brown

WhyNotUs wrote:
Thu May 16, 2019 10:33 pm
You have to search within yourself to see if you are open to humiliation at the hands of The Ohio State University every November.
Good point but at least at both Brown and UM one won't be distracted by following football.
by bengal22
Fri May 17, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5342

Re: Does stock allocation truly matter?

The most important thing is to save money. The second most important thing is to invest that money. The third most important thing is Stock/Bonds. The fourth most important thing is US/INTL. All of that assumes you have a job. Good list but I would add earn a lot is the most important thing and put...
by bengal22
Thu May 16, 2019 4:55 pm
Forum: Investing - Theory, News & General
Topic: Invest or Payoff Home
Replies: 38
Views: 2851

Re: Invest or Payoff Home

If your personality is prone to worry and you stress about sequence of return and the possibility of homelessness then by all means pay off mortgage. If your personality is one of Hope and Faith in our economy then don't pay off mortgage and have more flexibility in your investment plan. I see it mo...
by bengal22
Thu May 16, 2019 4:45 pm
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3273

Re: Income stream post retirement.

The Wizard wrote:
Thu May 16, 2019 3:31 pm
bengal22 wrote:
Thu May 16, 2019 2:45 pm
...Yes indeed. Once I start receiving RMD'S my known income exceeds expenses.
Similar here, but I'm working on a solution to that "problem"...
I don't see that as a problem at all. More like a "what me worry?" feeling. 😎
by bengal22
Thu May 16, 2019 2:45 pm
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3273

Re: Income stream post retirement.

...I may be wrong but I think that annuities are for those that like predictability or sure things. With an annuity one sacrifices a more likely better return on investment for a set income. I fund my Gap between expenses and SSA/pension/dividends by selling funds as needed. With this approach in a...
by bengal22
Thu May 16, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: Impossible Burger At Home
Replies: 35
Views: 2820

Re: Impossible Burger At Home

You just gave away the ending. No need to watch now. I don't know, there are plenty of reasons to watch still: Leigh Taylor-Young "Fish! Plankton! Sea greens! Protein from the Sea!" Leigh Taylor-Young E. G. Robinson's final scene Cameo by a (now-vintage) "Computer Space" arcade game Leigh Taylor-Yo...
by bengal22
Thu May 16, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: Impossible Burger At Home
Replies: 35
Views: 2820

Re: Impossible Burger At Home

Jimbo9911 wrote:
Thu May 16, 2019 9:14 am
Jack FFR1846 wrote:
Thu May 16, 2019 8:38 am
Not meat? What is it.....Soylent Green?
"IT's PEOPLE"
Jim
You just gave away the ending. No need to watch now.
by bengal22
Thu May 16, 2019 9:20 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3273

Re: Income stream post retirement.

The divide is between how much of monthly income is delivered by Social Security and pension payments and how much has to be supported by withdrawals from investments. There would be no sense in buying an annuity simply to engineer the mechanics of withdrawing money with the exception of people who...
by bengal22
Wed May 15, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5598

Re: Mortgage in Retirement

I don't know if there is an advantage either way. I chose to have a mortgage even though I could have paid for the house because I feel my assets will earn more than my interest rate. But it really does not matter.
by bengal22
Tue May 14, 2019 9:16 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7214

Re: For how long will the forum be around?

One Ping wrote:
Tue May 14, 2019 6:05 pm
bengal22 wrote:
Tue May 14, 2019 5:09 pm
Where did AOL go?
Still around. (Ask me how I know. :wink: )
Same way I know I assume .
by bengal22
Tue May 14, 2019 5:09 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7214

Re: For how long will the forum be around?

JoMoney wrote:
Mon May 13, 2019 9:38 pm
AOL lasted 8 or 9 years
Myspace lasted about 6 years (being generous)
Facebook started in 2007 and is still going (but I believe already in the decline)
Bogleheads also started in 2007, but as far as I can tell is still quite popular and growing
Where did AOL go?
by bengal22
Sat May 11, 2019 12:59 pm
Forum: Personal Investments
Topic: Direction of interest rates
Replies: 19
Views: 1869

Re: Direction of interest rates

Easy to predict; accuracy of prediction is not so easy.
by bengal22
Fri May 10, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 126
Views: 17560

Re: Cash - Throw it all on the table!!!

I do not hold cash but I can get cash in 2 days by selling from my taxable account and moving to Vanguard Prime. There is generally an opportunity cost to holding cash that I avoid.
by bengal22
Mon Apr 29, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 8609

Re: Retirees: I'm not going to run out

I knew that I would never run out of money in retirement before I even heard of the concept of running out of money in retirement. With the existence of social security one just has to adjust ones spending to subsist. I do AARP taxes and see many people that live on that alone. Now the question of m...
by bengal22
Mon Apr 29, 2019 2:45 pm
Forum: Personal Investments
Topic: Vanguard Investment Advice
Replies: 11
Views: 1090

Re: Vanguard Investment Advice

I can never understand what you really get with a Vanguard personal advisor service. If you are just going to get a simple 4 fund portfolio of vanguard index funds then do it yourself. If you can't stomach rebalancing on your own get the balanced fund or a target retirement fund. Yes .3 % is better ...
by bengal22
Mon Apr 29, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 697
Views: 15447

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]

This contest is designed to show the futility of forecasting the stock market year in and year out. Period.
by bengal22
Sat Apr 27, 2019 6:41 pm
Forum: Personal Investments
Topic: Best Donor Advised Fund that is NOT a bank/wirehouse?
Replies: 25
Views: 1365

Re: Best Donor Advised Fund that is NOT a bank/wirehouse?

Not a DAF but try Dayton Foundation.
by bengal22
Thu Apr 25, 2019 11:02 am
Forum: Personal Investments
Topic: Close Vanguard and go all in with Fidelity?
Replies: 84
Views: 7313

Re: Close Vanguard and go all in with Fidelity?

I have everything at Fidelity. I have used Vanguard in the past. I buy Vanguard ETFs at Fidelity. The $5 commission is insignificant to me and I do very little buying or selling anyway. If you want to hold regular equity mutual funds in a taxable account (as opposed to ETFs), Vanguard funds are mor...
by bengal22
Tue Apr 23, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 80
Views: 5263

Re: In which companies do you own a single share, or token amount, of stock?

Own 1 share of NewsCorp. Get $.10 every quarter. Can't be sell due to trading fee of $25.
by bengal22
Sat Apr 20, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2092

Re: Best Credit Card for College Freshman

I would not let my kids have a credit card. A person can have a good credit rating with a good salary, some assets, and a history of paying bills on time. IMO getting a credit card to build a credit rating is overrated. And we did the exact opposite - our daughter has learned to use credit to her a...
by bengal22
Fri Apr 19, 2019 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2092

Re: Best Credit Card for College Freshman

I would not let my kids have a credit card. A person can have a good credit rating with a good salary, some assets, and a history of paying bills on time. IMO getting a credit card to build a credit rating is overrated.
by bengal22
Tue Apr 16, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 12182

Re: What Are Your Simple Pleasures?

Eating ice cream with the grandkids
by bengal22
Fri Apr 12, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6262

Re: Soon to be dad, how to prepare

Just realize these are the " good old days" and celebrate/cherish every accomplishment that your baby achieves. It is pure joy to watch your baby master something new everyday: first smile, first laugh, grabbing a toy, crawling, using words. Savor everyone and feel blessed.
by bengal22
Thu Apr 11, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4509
Views: 1163257

Re: What Movie Have You Recently Watched?

If Beale Street could Talk. Highly recommend this movie.

Aquaman. If you like comic book action films this was fun.

Can you ever forgive me. Another good film.
by bengal22
Mon Apr 08, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3956

Re: Retirees: Are you annually spending in Real or Nominal Terms?

I use the Taylor approach and spend what I need. Of course with the market performance it has been easy because net worth keeps growing.
by bengal22
Sun Apr 07, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: It Didn't Rain!
Replies: 9
Views: 2204

Re: It Didn't Rain!

Ohio weatherman loves golf and he will predict bad storms on days that he golfs.
by bengal22
Sun Apr 07, 2019 4:45 pm
Forum: Personal Investments
Topic: Vanguard Checkwriting Account
Replies: 20
Views: 1928

Re: Vanguard Checkwriting Account

I tried to direct pay the IRS through VG prime and I could not find what the routing number was so I transfered to my bank checking account and then pay direct be from Bank. Is there by a way to direct pay Feds with VG prime?
by bengal22
Sat Apr 06, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: French movies on Netflix
Replies: 40
Views: 2124

Re: French movies on Netflix

I don't know its category but The French Connection is my favorite movie with French in the title.
by bengal22
Sat Apr 06, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: Grand Canyon and Sedona
Replies: 51
Views: 4851

Re: Grand Canyon and Sedona

The funnest thing we did in by Sedona was renting a Jeep. It's more fun than the pink Jeep's because you get to drive. They give you maps with difficulty ratings. Or you can follow a pink jeep around.
by bengal22
Fri Apr 05, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Is it bad to have nothing in taxable when you retire?
Replies: 62
Views: 6809

Re: Is it bad to have nothing in taxable when you retire?

Once I hit 70 I don't imagine I will have a need for anything in my taxable account. It will probably be where excess RMD'S end up. But it will good for my kids to inherit these funds because they will not have any tax consequences.
by bengal22
Thu Apr 04, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund? What are you doing with it?
Replies: 54
Views: 2478

Re: Federal tax refund? What are you doing with it?

Taxes may have went up for you but the blanket statement that taxes went up for low income people is not factual. But I didn't write what you said I wrote. They have to be "like me" which is certainly extremely factual, isn't it? I don't believe taxes went up for low income people. In fact they con...
by bengal22
Thu Apr 04, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund? What are you doing with it?
Replies: 54
Views: 2478

Re: Federal tax refund? What are you doing with it?

If I get a refund, then I split it into two parts: 1. I let it earn 5% for a short while with my HRBlock rebate offer. This works by paying the taxes I owe when I file for an extension plus some extra that I want to get an extra 5% (not APY, but straight 5%) on. It's like I have a money market fund...
by bengal22
Thu Apr 04, 2019 9:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

Vanguard was and will always be a business first. And I wouldn't want it any other way
by bengal22
Thu Apr 04, 2019 9:48 am
Forum: Personal Consumer Issues
Topic: Additional Costs for 3rd Child?
Replies: 74
Views: 2369

Re: Additional Costs for 3rd Child?

I hope my wife can move forward and be at peace with a 2-boys only family. I can also see where she is coming from. If we had 2 daughters, I would be banging on the door for a 3rd kid to try to get a boy. I think I would have felt something missing if I did not have a son. IMHO having a 3rd child i...
by bengal22
Wed Apr 03, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: When income stream covers all expenses in retirement
Replies: 11
Views: 1561

Re: When income stream covers all expenses in retirement

I look at in the opposite way. I am retired and when I turn 70 I will have expenses covered with pension, SSA, and RMD's. I have a 55/45 AA and do not be see losing gains by playing it safe.
by bengal22
Tue Apr 02, 2019 8:09 pm
Forum: Personal Investments
Topic: taxable versus retirement
Replies: 6
Views: 932

Re: taxable versus retirement

I had about 30 percent of my portfolio in taxable accounts and I found it very useful for funding my kids college and for bridging the Gap between retirement and tapping into my SSA. I was glad I had money available and easily be accessible.
by bengal22
Tue Apr 02, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4849

Re: What is Financial Independence (FI) in the simplest terms?

FI: Not having to live with your parents or granny.
by bengal22
Tue Apr 02, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 13302

Re: Folks in their 60s and above. What early investment on health do you recommend.

SrGrumpy wrote:
Mon Apr 01, 2019 9:56 pm
bengal22 wrote:
Sun Mar 31, 2019 12:56 pm
Advice:

Always have a book in the bathroom.
I thought reading on the can was bad for you?
Absolutely not. A very productive way to fill "wasted" time.
by bengal22
Mon Apr 01, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4509
Views: 1163257

Re: What Movie Have You Recently Watched?

Favourite- watched it twice. Really a great movie. Slow paced but a powerful ending.
by bengal22
Mon Apr 01, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Planned Gifts: What to Tell the Recipients
Replies: 9
Views: 805

Re: Planned Gifts: What to Tell the Recipients

MarkerFM wrote:
Mon Apr 01, 2019 8:28 am
Thanks trustquestioner and bluebolt.

Does anyone else making large planned gifts have any advice on what to tell the recipients?
My planned gift will not be restricted. I have faith that the organization will use it wisely.