Search found 6559 matches

by inbox788
Tue Nov 12, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 32
Views: 1087

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I always wait until the detectors themselves start giving the low battery intermittent beep. This always happens at 2 AM! This is a downside to waiting until they chirp, they do tend to do it in the middle of the night. A little excitement is good for you! Oh yeah. I just learned something about my...
by inbox788
Tue Nov 12, 2019 1:22 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 32
Views: 1158

Re: "Tax advantaged Annuity" advised for friend

No, I don't agree with this [yet] because I believe she is not really in an annuity now, she is likely in some kind of savings/deposit account with the life insurance company that paid out the benefit. See the thread I linked to above. She may really be getting a risk-free 2.8% rate, which would be...
by inbox788
Tue Nov 12, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2690

Re: Homebuying in Los Angeles - Advice Needed

While this is theoretically true, I will take the opposite side of the argument. If you are planning on moving in 15 years then just rent. If you can rent a $1.25M home for $5k then the landlord is subsidizing your rent. Had to think about it a little, but figured out that just because the landlord...
by inbox788
Tue Nov 12, 2019 11:48 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 32
Views: 1158

Re: "Tax advantaged Annuity" advised for friend

... She has found a new advisor, and he is suggesting she put $270,000.00 into a "tax advantaged annuity." This is l/5 of her savings and she has a pension, social security, and rent from 2 houses coming in, so she has enough to live on from that. The money is to build a house on a lot she owns and...
by inbox788
Mon Nov 11, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home
Replies: 11
Views: 846

Re: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home

If you charge them a FMV rent, it is considered income. You don't want that hassle. If they share housing expenses (mortgage, property taxes, utilities, etc...), it is not. Not to mention, you are leaving out the "board" part of room and board. In many cases their share of housing expenses will be ...
by inbox788
Mon Nov 11, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2690

Re: Homebuying in Los Angeles - Advice Needed

Best laid plans... Anyway, if there's a fair to good chance you'll live there for 15 years, then buying is a good choice. People used to say it took 5-7 years to break even on the purchase cost (realtor fees, mortgage fees, moving costs, etc.), and I'd guess it hasn't changed that much. You can affo...
by inbox788
Mon Nov 11, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What to put into Revocable Living Trust?
Replies: 8
Views: 1167

Re: What to put into Revocable Living Trust?

Yes, for the reasons you stated, the RLT should be the contingent beneficiary or maybe even the primary beneficiary of the life insurance. Gill No, OP, you shouldn't be thinking "or" or "maybe". It needs to be what you want, and you need to ensure that what you want and how you say you want it is c...
by inbox788
Sun Nov 10, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What to put into Revocable Living Trust?
Replies: 8
Views: 1167

Re: What to put into Revocable Living Trust?

Yes, for the reasons you stated, the RLT should be the contingent beneficiary or maybe even the primary beneficiary of the life insurance. Gill No, OP, you shouldn't be thinking "or" or "maybe". It needs to be what you want, and you need to ensure that what you want and how you say you want it is c...
by inbox788
Sun Nov 10, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 90
Views: 7208

Re: H&R BLOCK Pre-Order 2019 Software Offer

Any difference between Windows and Mac version? Are they nearly identical or is one version superior or more advanced? Download forces you to choose one (looks like you get both on CD). Can you download the other version without paying another fee? I couldn't find the answers on their website or se...
by inbox788
Sun Nov 10, 2019 12:25 am
Forum: Personal Consumer Issues
Topic: Fully loaded 2016 Lexus RX350 for $34K - good deal?
Replies: 11
Views: 1236

Re: Fully loaded 2016 Lexus RX350 for $34K - good deal?

Lexus owners, wanted to get your thoughts on this 2016 RX350 "fully loaded" with 28k miles. It has these features: Heads up display Pano roof Heated and cooled seats Lexus Safety Sense+ Mark Levinson audio 360 Camera No-haggle price is $34K ($37.5K OTD) Honestly the only features we want are heated...
by inbox788
Sat Nov 09, 2019 7:40 pm
Forum: Personal Investments
Topic: Is this a real strategy?
Replies: 21
Views: 2690

Re: Is this a real strategy?

I don't know, but doesn't seem like a good outcome. Google Finance show the current Div yield 0.35%, not so good. FWIW, VZ and T are yielding 4 and 5%. A while back I looked into mREITS like Annaly Capital (NLY) for the nearly double digits yields. Stock has had ups and downs, mostly down now, but D...
by inbox788
Sat Nov 09, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 90
Views: 7208

Re: H&R BLOCK Pre-Order 2019 Software Offer

This may be shameful but I use HR Block's online software because I like the interview format. I then go to OnLine Taxes and do my taxes again. I like to be sure the numbers match from one program to another. I then use OLT to file because I like their prices. I think federal and state are about $1...
by inbox788
Sat Nov 09, 2019 5:36 am
Forum: Personal Investments
Topic: Investing in Taxable Account. Good or bad?
Replies: 20
Views: 2069

Re: Investing in Taxable Account. Good or bad?

Taxable: good HSA and Roth: better 401k matching: best I will need to do a bit more research into these types of accounts and I’ll also have to speak with my accountant to see how this would impact my taxes. There do seem to be quite a few “rules” with investing in these accounts which in all honest...
by inbox788
Fri Nov 08, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2018

Re: Just learned something about HSAs and independent children that I did not know

I don’t understand why you would both be eligible to contribute the family max, $14k, if you are 1 family. It's a very specific loophole. Nice loophole if it's correct. I'd try to max out the tax advantage space, too. Young Adult Coverage Under current law, if your plan covers children, you can now...
by inbox788
Fri Nov 08, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSA, 1 account, spouse turning 55
Replies: 12
Views: 566

Re: HSA, 1 account, spouse turning 55

It's a shame they can't streamline this and just allow the extra catch-up contribution to go into the shared account. My wife will be eligible a year before me, but I'm not sure it's worth opening another HSA to capture that... agreed..Opening a new account just for the $1k catch up seems ridiculou...
by inbox788
Fri Nov 08, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity - promotion bonus
Replies: 42
Views: 5925

Re: Fidelity - promotion bonus

Do those of you who say it’s not worth the effort still go to 9 to 5 jobs? My thinking is that if you are willing to work for an hourly wage then you should almost certainly be willing to “work” to get these account bonuses. Unless your income is extremely high the bonus will pay way more on the ho...
by inbox788
Fri Nov 08, 2019 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Stock Cost Basis for Sales
Replies: 5
Views: 431

Re: Stock Cost Basis for Sales

We inherited some in-kind stocks unfort a big mish mash of small positions in lousy quality stocks, so we are selling the positions once we get them. A number of the stocks have had mergers/splits/spin-offs etc. since the date of our loved ones death several years ago, which in some cases makes the...
by inbox788
Fri Nov 08, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Daughter's Funds to Her Efficiently
Replies: 16
Views: 1423

Re: Transferring Daughter's Funds to Her Efficiently

My wife and I have been saving money gifted to our daughter since early childhood. We have been saving her money in our taxable account at Vanguard in a LifeStrategy fund. Now that she is 20, we would like to start transferring those funds to her. She is a student and has low income, and is not rec...
by inbox788
Fri Nov 08, 2019 2:18 am
Forum: Personal Investments
Topic: Payflex HSA fees announcement
Replies: 6
Views: 2417

Re: Payflex HSA fees announcement

Fees are back :annoyed Sharing for others who may not have seen. ...I don't have a lot invested (5.5k growing by about 400 in deposits a month (family limit)), but it's annoying that now I need to consider whether what I have invested and the expense fees on those funds, plus the new expense fee is...
by inbox788
Thu Nov 07, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2832

Re: Cost basis step up on death of spouse?

Consider the case where, at the time of marriage, the partner with the most assets is the older one and thus likely to die sooner. Would it then make sense, for the sake of inheritance, to continue to maintain separate accounts, in which case the younger spouse would inherit 100% fully stepped up? ...
by inbox788
Thu Nov 07, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2591

Re: Help Dad do estate planning math and make adjustments

You could ask Daughter #2 and Daughter #3 how much the beach house is worth to them and give them that amount in cash! This way, each daughter would have received the beach house or the equivalent value of the beach house. Who are you trying to please? Who's going to make the final determination of ...
by inbox788
Thu Nov 07, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1878
Views: 195231

Re: U.S. stocks continue to soar!

Looks like it will be another great day to be invested in the stock market! If you have a balanced portfolio you lost money today. 1) The day's not over Now that the day is over. BND down -0.51% VOO +0.35% VXUS +0.39% VTI +0.34% DIA +0.82% Dow beat the SP500 today thanks mostly to UNH, GS, AAPL and...
by inbox788
Thu Nov 07, 2019 1:23 pm
Forum: Personal Investments
Topic: Best way to sell off invididual stock investment portfolio?
Replies: 14
Views: 1282

Re: Best way to sell off invididual stock investment portfolio?

It looks like I'd be in the 35% bracket based on income, although all of these stocks are from 2016-2017 or earlier so long term capital gains I believe. I have bonds in my 401K, stocks in the Roth, and more stocks in taxable (but VTI, VXUS). I'd like to sell all of these and put them into SCHD (th...
by inbox788
Thu Nov 07, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2832

Re: Cost basis step up on death of spouse?

Also, how is the property titled? I realize I am asking you to trust the information of one lawyer Boglehead (me) over what you are reading in LegalZoom and the other DIY resources referenced in this thread. All I can tell you is that in Texas, what you are reading (and repeating here) is wrong. Th...
by inbox788
Thu Nov 07, 2019 2:41 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2832

Re: Cost basis step up on death of spouse?

I tried to find if my state was a joint tenancy or community property state for cost basis step up. My internet search yields lots of divorce law firms. Is there an easy source to find this info? You can lookup your state. Looks like these 9: Arizona, California, Idaho, Louisiana, Nevada, New Mexic...
by inbox788
Thu Nov 07, 2019 1:57 am
Forum: Personal Finance (Not Investing)
Topic: will or living revocable trust
Replies: 15
Views: 1182

Re: will or living revocable trust

If you live in a community property state, you likely would want all your non-retirement accounts and house owned jointly. This is because the asset gets a step-up in value at the time one of you dies. When the second person dies, the assets get another step up in value. But, while widowed (only on...
by inbox788
Thu Nov 07, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Inherited 401k
Replies: 3
Views: 492

Re: Inherited 401k

How many other siblings and/or heirs? If your dad rejected or disclaimed the 401k and you were the sole heir or successor beneficiary, you may be able to delay or stretch it. He may have other reasons to disclaim the 401k or not need the additional funds. https://www.lordabbett.com/en/perspectives/r...
by inbox788
Wed Nov 06, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 90
Views: 7208

Re: H&R BLOCK Pre-Order 2019 Software Offer

I unfortunately have to file two state returns this year. Does anyone know which of the big 3 will be cheapest to accommodate that? Same here. Smaller outfits I've seen are free or up to $10 for state filing. I'm a TurboTax-to_HRBlock convert, and in no way would I try to convince you to stay with ...
by inbox788
Wed Nov 06, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2832

Re: Cost basis step up on death of spouse?

Something else to file away in the "In the event of my death" folder. I've thought about this, and I've been planning to include additional instructions for actions to be taken. I've read that it's a good idea to get an appraisal for documentation. Some have suggested saving some online appraisals ...
by inbox788
Wed Nov 06, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: What car fits comfortably 3 adults with luggages?
Replies: 63
Views: 1854

Re: What car fits comfortably 3 adults with luggages?

Aren't you guys worried that during an accident or even a very hard brake these bags will fly free inside the cabin, injuring the passengers?! :oops: You are WAY over-thinking, and WAY over-engineering, the most basic of life events (i.e. transporting people from the airport). If you are so fearful...
by inbox788
Wed Nov 06, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: List of companies with $1.5 billion in revenue?
Replies: 7
Views: 681

Re: List of companies with $1.5 billion in revenue?

Ok, I'll bite - what is the purpose of such a list for you? I'd like to know too. What well known publicly traded corporation doesn't have that much revenue? Bezos and Zuckerberg have that much in their back pocket. Google “zacks stock screener”. You will be able to screen companies by revenue as w...
by inbox788
Tue Nov 05, 2019 3:27 pm
Forum: Personal Investments
Topic: ESPP and RSUs
Replies: 35
Views: 1987

Re: ESPP and RSUs

I've seen this happen - and in fact - the company I worked with at a time considered trading during a stated black-out window a fire-able offense and someone did so by accident (their spouse actually made the trade) - company stated the broker would block trades during a black-out - and they did no...
by inbox788
Tue Nov 05, 2019 2:13 pm
Forum: Personal Investments
Topic: ESPP and RSUs
Replies: 35
Views: 1987

Re: ESPP and RSUs

Thanks everyone for your responses. I think it was I needed to hear to help make an informed decision. The only thing I need to make certain of now is whether or not I'm not subject to any sort of insider trading window. This is a great question - just because you are NOT one today doesn't mean you...
by inbox788
Tue Nov 05, 2019 1:16 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2495

Re: Should I let UBS manage our windfall?

No. Get out ASAP! You underestimate your costs, and they will grow as your investments grow. And you will likely underperform the market by about 1.5%. There are different service levels, so you might be on a lower service tier. If you're paying 5.5k/800k=0.006875, that's close to 0.75%, which might...
by inbox788
Mon Nov 04, 2019 11:00 pm
Forum: Personal Investments
Topic: ESPP and RSUs
Replies: 35
Views: 1987

Re: ESPP and RSUs

Without specific details we can’t help you decide if there is any benefit to either program. Some are worth it, while other provide minimal advantage. What do you gain by holding on to either program that you wouldn’t get by simply buying it from your own broker? Is it a benefit or avoiding some pen...
by inbox788
Mon Nov 04, 2019 2:13 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

The out-performance is due to buying at an opportune time - 4th Q of last year and few timely acquisitions this year. I realize this is inflating the results. I plan to allocate 2020 contributions to the fund side as opposed to the individual stock side. So 2020 will be the first static year I will...
by inbox788
Mon Nov 04, 2019 1:32 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

28% YTD and 15% from March 1st. I'd infer from that kind of performance that you're overweight technology. XLK https://www.google.com/search?q=xlk&tbm=fin Finance beat the average too this year. XLF Other years, other sectors too the lead, such as health/pharma/biotech. XBI/XPH https://novelinvesto...
by inbox788
Mon Nov 04, 2019 2:29 am
Forum: Personal Consumer Issues
Topic: kia soul ex for a senior
Replies: 8
Views: 966

Re: kia soul ex for a senior

Kia Soul is becoming the success the Toyota Matrix also didn’t want. Both are designed with a younger driver in mind, but are popular with older drivers. It doesn’t help Kia sell more to younger hip drivers when they see a bunch of seniors driving them. https://www.bankrate.com/finance/money-guides/...
by inbox788
Sun Nov 03, 2019 11:10 pm
Forum: Personal Consumer Issues
Topic: Best secure email to use instead of gmail?
Replies: 70
Views: 9554

Re: Best secure email to use instead of gmail?

I’ve been updating beneficiary info for my accounts to make sure POD and TOD are appropriate. So far, only Gmail and Outlook have Inactive Account Management settings that I could find. This is becoming an important just in case feature for me. Are there other email providers with this ability? I’m ...
by inbox788
Sun Nov 03, 2019 8:29 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

Since I assume this is in a taxable account, if you don't have huge gains, I would sell tax efficiently, and move 25% out of the 35% into vanguard ETFs like VTI. It is taxable. I started this mid 2018, with heavy buying in the 4Q, so I would have a meaningful tax hit. It will get a little better on...
by inbox788
Sun Nov 03, 2019 7:48 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

you are missing my point. i understand what survivorship bias is, and what im saying doesnt suffer from that. ive also never said OP has any expectation of outperformance. in fact, i think i said the opposite when i noted that OP has no edge. my point is that, starting here, in medias res, with 30 ...
by inbox788
Sun Nov 03, 2019 3:21 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

no, its not survivorship bias. most stocks underperform the market, but the few that don't greatly outperform it. you'll only ever benefit by hitting one of those outperformers if you hold onto it for a long period of time. many people hit on them only to hold them for too short a period of time. I...
by inbox788
Sun Nov 03, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: If Charles Schwab et al. drop commissions to zero, can we build our own index funds?
Replies: 68
Views: 7189

Re: If Charles Schwab et al. drop commissions to zero, can we build our own index funds?

If by “pretty efficient” you mean 0.5% annual tax cost, we will just have to disagree. As for most people not running their own index fund, it only takes one person to build the portfolios and then share it with the world. Just imagine: HEDGEFUNDIE Asset Management No-Dividend S&P 500 ETF HEDGEFUND...
by inbox788
Sun Nov 03, 2019 1:12 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

good points. OP has already picked them, so the only thing left to do is just hold them and not sell/tinker. very hard to do. i think it makes the most sense, if you invest in individual stocks, to not sell them. your goal is to outperform, and the best chance you have of that is not by trading, bu...
by inbox788
Sun Nov 03, 2019 12:53 pm
Forum: Personal Investments
Topic: Nice surprise from Computershare after transfer to VG
Replies: 10
Views: 1633

Re: Nice surprise from Computershare after transfer to VG

I hope they use it when reporting 1099s. Nope, self inputted data is never reported to the IRS. These trades are from over 20 years ago, so I hope you're wrong or they change things. I've read you should keep 3 or 7 years of tax records, but keeping brokerage and transaction records nearly forever ...
by inbox788
Sat Nov 02, 2019 7:17 pm
Forum: Personal Investments
Topic: Nice surprise from Computershare after transfer to VG
Replies: 10
Views: 1633

Re: Nice surprise from Computershare after transfer to VG

You've very lucky. I'm guessing it's the outbound company that's mostly responsible. I just transferred one lot to Fidelity and the cost basis didn't make it. It wasn't too hard to manually enter just one cost basis at Fidelity (though it did take about a day to process and update), and I hope they ...
by inbox788
Sat Nov 02, 2019 12:54 am
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7318

Re: Worried I am getting addicted to individual stocks.

I have a lot of money (8 figures) in an individual buy-and-hold stock portfolio (21 blue chip dividend paying stocks). All I can say is that this strategy has worked for me. How does your total return compare to VTSAX? I dont know how to calculate that since I am constantly adding to my portfolio. ...
by inbox788
Fri Nov 01, 2019 8:57 pm
Forum: Personal Investments
Topic: Best way to sell off invididual stock investment portfolio?
Replies: 14
Views: 1282

Re: Best way to sell off invididual stock investment portfolio?

I would, Leave stocks with gain the way they are. Sell all looses and enjoy reducing my taxable income up-to $3000/year. If/when I have carryover losses big enough to reduce my taxable income for few years, then I would think about selling stocks with gain. Open brokerage account somewhere (Charles...
by inbox788
Fri Nov 01, 2019 12:32 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20450

Re: I’m done with index funds

I have seen this work first hand, and it worked year after year, beating the fees. Now, this was with a portfolio with massive concentrated low-basis stocks , so it was a little like shooting fish in a barrel. If you sell a stock at a loss, don't you at some point have to buy something to replace i...
by inbox788
Fri Nov 01, 2019 12:26 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20450

Re: I’m done with index funds

I imagine you are an unmarried couple doing this? Either way the person who's portfolio wins could always change their mind after a while :twisted: . LOL. The example isn't a serious proposal. Simply an illustration that there is a way to benefit from individual stock TLH and maintain tracking (at ...