Search found 272 matches

by stjoe56
Sat May 18, 2019 11:11 pm
Forum: Investing - Theory, News & General
Topic: My Real Life Long Term Return on Investment REIT Fund
Replies: 3
Views: 1165

My Real Life Long Term Return on Investment REIT Fund

According to Vanguard, 1/24/2001 I invest $X into the Vanguard Annuity Reit Fund. Over the years, I took some money out but not much. According Vanguard my current basis is $125,800 and my current value is slightly over $505,500. I plugged the numbers and data into a Return on Investment Calculator ...
by stjoe56
Thu Oct 13, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Advice on spend down and IRA/Annuity inheritance
Replies: 4
Views: 477

Advice on spend down and IRA/Annuity inheritance

My spouse and I are doing our estate plans due to the birth of our first grandchild. I am 63 1/2 in fair health and my spouse is 71 and has had two minor strokes. We have one daughter, who is 34, and have been married 36 years. We owe $0 . Our wealth is composed of a number of different components: ...
by stjoe56
Fri Oct 07, 2016 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Getting an investment fee discount
Replies: 3
Views: 549

Getting an investment fee discount

For those of you who remember me, I use a large investment advisory firm to manage my family investment portfolio. Almost 35 years I and the rest of my family signed a letter of understanding (LU) with Saint Louis Union Trust Company (SLUTC) that granted me and the other signatories a permanent 20% ...
by stjoe56
Sat Apr 09, 2016 6:13 pm
Forum: Personal Investments
Topic: Investing for son in law retirement - Gifttrusts?
Replies: 12
Views: 1740

Re: Investing for son in law retirement - Gifttrusts?

I'm somewhat at a loss to understand why he needs a separate retirement fund, if he is married to your daughter. I like the kid. He is good to her. But no one can tell what the future will hold. Her first marriage flamed out in divorce and it was not pretty. I ended up having to partially pay off t...
by stjoe56
Sat Apr 09, 2016 11:39 am
Forum: Personal Investments
Topic: Investing for son in law retirement - Gifttrusts?
Replies: 12
Views: 1740

Investing for son in law retirement - Gifttrusts?

I and my wife are well off with a mid 7 figure estate. Our health is fair. I have one child who is already worth $1.5 million. She is in her second marriage and married to a nice guy who treats her well. He is in his early 40s. My wife and I would like to gift him some money to help him fund his ret...
by stjoe56
Wed Apr 08, 2015 7:41 pm
Forum: Personal Investments
Topic: setting up a KISS portfolio
Replies: 6
Views: 1003

setting up a KISS portfolio

I am helping a friend set up his first investment portfolio. His situation is rather unique. Male is 40 and earns about $200k a year and female is 38 and years about $150K a year. M&F thought they were married until one day they were telling me the story of their wedding and I asked a stupid questio...
by stjoe56
Tue Jun 17, 2014 12:58 pm
Forum: Forum Issues and Administration
Topic: need a new id
Replies: 4
Views: 1318

need a new id

Without going into details, I REALLY need/want a new Id. Yet every time I try and register one, I get the following error message:

[Error message containing IP address (personally identifiable information) removed by admin LadyGeek]

What am I doing wrong?

SJ
by stjoe56
Mon Mar 17, 2014 8:44 am
Forum: Personal Consumer Issues
Topic: facetime user needed
Replies: 4
Views: 539

Re: facetime user needed

It should just work, but I need to confirm it for a Wednesday meeting.

StJoe56
by stjoe56
Mon Mar 17, 2014 8:27 am
Forum: Personal Consumer Issues
Topic: facetime user needed
Replies: 4
Views: 539

facetime user needed

Are you a facetime user? If so, I need some help in verifying my setup is correct. I think I have it done properly, but need another user to make sure it works.

Stjoe56

THANKS TO ONE AND ALL, BUT I GOT IT TESTED AND IT WORKS.

SJ
by stjoe56
Sat Jul 13, 2013 6:00 pm
Forum: Personal Investments
Topic: AUM Fee and Front End Load
Replies: 10
Views: 930

Re: AUM Fee and Front End Load

I just came across a case where there was a 1% AUM and no front load fee. However the advisor sold my friend Class C shares. These shares have no AUM but they do come with a 1% 12B-1 fee. SJ Presumably the advisor is not getting an AUM fee AND the 1% 12b1 fee in c-shares. But c-shares amount to an ...
by stjoe56
Sat Jul 13, 2013 4:22 pm
Forum: Personal Investments
Topic: AUM Fee and Front End Load
Replies: 10
Views: 930

Re: AUM Fee and Front End Load

I just came across a case where there was a 1% AUM and no front load fee. However the advisor sold my friend Class C shares. These shares have no AUM but they do come with a 1% 12B-1 fee.

SJ
by stjoe56
Tue Jul 02, 2013 3:46 pm
Forum: Investing - Theory, News & General
Topic: REIT cost basis and 1250 gain
Replies: 1
Views: 527

Re: REIT cost basis and 1250 gain

Doesn't apply to Reits.

SJ
by stjoe56
Sun Jun 23, 2013 3:37 pm
Forum: Investing - Theory, News & General
Topic: What's the difference? [Advantages of a Wealth Manager?]
Replies: 44
Views: 4883

Re: What's the difference? [Advantages of a Wealth Manager?]

I use a long established trust company as my wealth manager. I use it for a variety of reasons. 1. My health is semi-alright but at times I no longer trust my own judgment 2. My SO has had a stroke and is no longer good with numbers. 3. My WM provides a variety of services including full-scale finan...
by stjoe56
Thu Jun 20, 2013 9:55 pm
Forum: Personal Investments
Topic: need a portfolio of DFA Funds
Replies: 2
Views: 607

need a portfolio of DFA Funds

I am helping a friend whose financial advisor has placed him entirely in Class C mutual funds and generally blown it. All of the funds have a 12B-1 fee of 1%, but my friend is also charged another 1% for Assets under management. I need two things. Can I get some recommendation for low cost advisors....
by stjoe56
Wed Jun 12, 2013 3:15 pm
Forum: Personal Investments
Topic: Which Tax Exempt Fund
Replies: 10
Views: 1706

Which Tax Exempt Fund

I am in the process of cleaning up part of my portfolio. For my core bond portfolio, I can either use either High Yield Tax Exempt (VWALX) or Intermediate Term Tax Exempt (VWIUX). High Yield Tax Exempt is more riskier, but Vanguard has always done a good job of keeping high quality bonds in its tax ...
by stjoe56
Fri Jun 07, 2013 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard National Trust Company?
Replies: 101
Views: 33959

Re: Vanguard National Trust Company?

I too am interested in hearing of folks' experience working with Vanguard where the testator has died, the trust has been funded, and the beneficiaries are now working with Vanguard as trustee (taking distributions, receiving information on AA, etc.). It seems that there are many who have researche...
by stjoe56
Mon May 27, 2013 5:59 pm
Forum: Personal Consumer Issues
Topic: Best Walkable Place to Retire
Replies: 86
Views: 11478

Re: Best Walkable Place to Retire

Just read the string on retiring to a sandy beach, and was wondering if any Bogleheads would rather prefer retiring to a city or town where the amenities where within walking distance of their house? How nice would it be to be able to walk to Starbucks or the grocery store, rather an drive? If ther...
by stjoe56
Wed May 15, 2013 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Fiancee Got Into Med School: Should I Rent or Sell My Condo?
Replies: 35
Views: 4077

Re: Fiancee Got Into Med School: Should I Rent or Sell My Co

Sell the condo and marry her before school starts. 4 out of 50 women in my class were engaged when they entered med school. All left their fiancées for classmates before graduation! I have heard this too. Same things applies to law school. Instead of paying for her education, loan her the money at ...
by stjoe56
Mon May 13, 2013 5:40 pm
Forum: Investing - Theory, News & General
Topic: sector returns year by year
Replies: 4
Views: 504

sector returns year by year

Can someone point in the right direction. There is a color chart that shows the randomness of sector returns year by year. I think it goes with the Callahan (?) name. I cannot find. Do you have the link?

Thanks

SJ
by stjoe56
Mon May 13, 2013 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance and unemployment
Replies: 8
Views: 1135

Re: Disability insurance and unemployment

I got disabled slowly. By the time, I filed for disability I had closed my business and was basically unemployed. After all it is very hard to file for disability if you are employed. I was lucky. My case must have been a slam dunk because I was approved 30 days after I applied. If you do apply, hir...
by stjoe56
Sat May 11, 2013 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 9622

Re: Medical Resident: When Should I Get Disability Insurance

I am shocked and amazed that some people think bad things cannot happen to them. I am a walking example of how life can go to sh*t quickly. I am NOT a doctor, but a legal writer. I wrote those boring technical books that are worthless unless you need them. But if you need them they are priceless. I ...
by stjoe56
Thu May 09, 2013 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 9622

Re: Medical Resident: When Should I Get Disability Insurance

Years ago, I bought a long-term disability coverage. A few years ago, I asked myself, why was I paying for this coverage. I was a 10 years away from retirement and had more than enough to retire. But then as my wife pointed out, the premiums were relatively inexpensive. So I kept it. Lo and behold I...
by stjoe56
Wed May 08, 2013 1:01 pm
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 38324

Re: How Much Did You Spend on Your Engagement Ring??

$0 on a ring. $1250 (?) for a simple Rolex watch which she wore for 25 years until she gave it to our daughter. We were going to get married in our back yard with a barbecue. My mother threw a conniption fit (hers couldn't pay) and said that would not do. When I replied we wanted to save the money, ...
by stjoe56
Wed May 08, 2013 10:31 am
Forum: Personal Investments
Topic: Choosing a Trustee/Vanguard trust services?
Replies: 19
Views: 14568

Re: Choosing a Trustee/Vanguard trust services?

"VNTC shall not accept or be responsible for the administration, maintenance, disposition, or sale of real estate, business assets, tangible personal property, or any other nonfinancial assets not traded on an established securities exchange ..." So how you gonna handle your home and stuff? They ju...
by stjoe56
Tue May 07, 2013 5:04 pm
Forum: Personal Investments
Topic: Choosing a Trustee/Vanguard trust services?
Replies: 19
Views: 14568

Re: Choosing a Trustee/Vanguard trust services?

Does anyone have any current experience with Vanguard as trustee of a trust? I'm looking for experience where Vanguard is actually currently acting as trustee. Thanks for any help. I have seen both the good and the bad about using Vanguard as a trustee. It is currently acting as the sole trustee on...
by stjoe56
Tue May 07, 2013 4:55 pm
Forum: Personal Investments
Topic: Choosing a Trustee/Vanguard trust services?
Replies: 19
Views: 14568

Re:

I am also interested in using Vanguard National Trust co (which is a sub of Vanguard). Does anyone know if they invest in Vanguard funds only or whether you can specify that they only invest in certain funds. I also wonder if you can specify the asset allocation plan or can you rely on them to come...
by stjoe56
Mon May 06, 2013 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 9622

Re: Medical Resident: When Should I Get Disability Insurance

My brother is institutionalized in a long term care facility. He has been there over 50 years. Due to changing mores, they no longer institutionalize children like him. So the facility has found a new market niche. It treats traumatic brain injury. It is now has a number of young accountants, lawyer...
by stjoe56
Sun Apr 28, 2013 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard National Trust Company?
Replies: 101
Views: 33959

Re: The Vanguard National Trust Company

Magnus: Hard to believe it has been about 2 years since this post was updated. I was one of the guys who looked at a whole bunch of trust companies. My summer 2011 findings as to costs, pros and cons remain about the same. I did speak with BNY Mellon and will dig out their information to update my ...
by stjoe56
Sat Apr 20, 2013 7:16 pm
Forum: Personal Investments
Topic: Help w/ a $55M portfolio?
Replies: 51
Views: 8602

Re: Help w/ a $55M portfolio?

700K/year in expenses is absurd. Perhaps this isn't the proper forum you should be asking for advice, because it will likely not be what you want to hear. I am far removed from $55m, but on a proportionate level my expenses are the same. When I was much younger, my parents had 3+ acres of manicured...
by stjoe56
Wed Apr 03, 2013 8:39 am
Forum: Personal Consumer Issues
Topic: .....
Replies: 16
Views: 2979

Re: Any current users of AMEX Platinum with $450/year fee?

I use the travel perks when I travel. It mores than pays for itself that way.

SJ
by stjoe56
Sat Mar 23, 2013 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: New to forum; Advisor selection [Looking for an advisor]
Replies: 16
Views: 2001

Re: New to forum; Advisor selection [Looking for an advisor]

If you have many millions, the advisors who "specialize" in that level may do worse than you'd do with a simple, carefully thought out index fund allocation. This isn't an opinion but my experience dealing with those kinds of advisors when POA for my parents. They bought Enron and Worldcom, and lot...
by stjoe56
Sat Mar 23, 2013 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: New to forum; Advisor selection [Looking for an advisor]
Replies: 16
Views: 2001

Re: New to forum; Advisor selection [Looking for an advisor]

It all depends on what you want. If you have inherited $500-$2 million then most of the advisors you find through the regular sources here are good. If you have inherited $3million + start asking where their sweet spot is. That is what is their typical account. If $750K and you have inherited $4 mil...
by stjoe56
Sat Mar 16, 2013 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: helping my daughter buy a house
Replies: 18
Views: 2541

Re: helping my daughter buy a house

She can put down the 20%. My spouse merely wants to help her out. We figure with our credit, she can get a better rate.

SJ
by stjoe56
Sat Mar 16, 2013 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: helping my daughter buy a house
Replies: 18
Views: 2541

helping my daughter buy a house

I want to help my daughter buy a house. She has good credit, I have great. How can I help her? I don't want to loan her the money because I would have to take it out of tax advantaged savings. I was thinking of guaranteeing her loan? Is this the best way. Any other approaches? Any and all suggestion...
by stjoe56
Sun Mar 10, 2013 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: SSDI => Medicare
Replies: 8
Views: 1178

Re: SSDI => Medicare

I agree with APK. I will qualify for medicare on 5/1/2013 through SSDI. I recently went looking for a medicare supplement plan and only two would sell me to me. Both were Medicare advantage plans. One was an HMO and the other PPO. I went with the PPO even though it was the most expensive, $205 per m...
by stjoe56
Sun Mar 10, 2013 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Liquidate the IRAs et al before the Taxable accounts
Replies: 11
Views: 1063

Liquidate the IRAs et al before the Taxable accounts

I believe this came out of the new Demuth book, The Affluent Investor. It is recommeneded that one sell the IRA’s and Annuities first before the taxable accounts. The logic is that the taxable accounts will have a new adjusted basis upon death, while the IRAs and annuities will not adjust and any wi...
by stjoe56
Sun Feb 03, 2013 3:55 pm
Forum: Personal Investments
Topic: Handling a large I-Bond Position
Replies: 19
Views: 1700

Re: Handling a large I-Bond Position

Replacing them with lower yielding securities to avoid the tax? I'd just pay the tax. . . I would keep buying i-bonds and deal with the tax when it comes up 30 years from now. Tax on the gains of 10 or 20 thousand dollars isn't going to be very much. I maxed out the purchase of the bonds every year...
by stjoe56
Sun Feb 03, 2013 3:24 pm
Forum: Personal Investments
Topic: Handling a large I-Bond Position
Replies: 19
Views: 1700

Handling a large I-Bond Position

As I have previously stated, thanks to the good folks on this board, I and my spouse took a large position in I-Bonds when the Treasury was paying between 2 and 3.6 percent interest plus the rate of inflation. The bad part is that these bonds were all purchased over four year period. This in turn ra...
by stjoe56
Sun Jan 20, 2013 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does my Variable annuity have a guaranteed (?) 4% return?
Replies: 15
Views: 2070

Does my Variable annuity have a guaranteed (?) 4% return?

I called Vanguard about my variable annuities. I was told they were under an old contract and had a 4% return (?) every year. Despite numerous attempts to explain what this meant, I never quit got an explanation that I could understand enough to explain it to my wife. So can anyone explain what this...
by stjoe56
Tue Jan 15, 2013 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is a short sale possible in this situation
Replies: 7
Views: 924

Is a short sale possible in this situation

Before H&W got married spouse 1 purchased a house in his/her own name. That house is now seriously underwater. Spouse 1 wished to have a short sale. Then H&W got married and spouse 2 brought considerable assets into the marriage. Spouse 2 could easily pay off any deficiency. Is it possible for short...
by stjoe56
Sun Jan 13, 2013 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: trust fund concerns
Replies: 16
Views: 1772

Re: trust fund concerns

This is common for trusts at banks. My wife's Mom had a trust given to her worth $800,000 in 1971. With minimal distributions (about 2% per year) this was down to about $120,000 in 1998 after the greatest bull market in US history. The funds were churned and any request by the recipients to adjust ...
by stjoe56
Sun Jan 13, 2013 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Taking Control Away - Who has done it
Replies: 26
Views: 3821

Re: Taking Control Away - Who has done it

MODERATOR: PLEASE LOCK THIS DISCUSSION.

SJ
by stjoe56
Sat Jan 12, 2013 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Taking Control Away - Who has done it
Replies: 26
Views: 3821

Taking Control Away - Who has done it

How do I tell my wife of 30 plus years, she can no longer pay the bills. I was examining the quicken reports she generated for tax season. I noticed that some doctors I saw monthly quit appearing in September and other problems. While my wife was out of town visiting our child, I duplicated the data...
by stjoe56
Sat Jan 12, 2013 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones as an employer [UPDATED]
Replies: 54
Views: 15362

Re:

It just seems like my options are limited. I've been having a difficult time finding a solid job since graduating in Dec. My options right now are this, a Financial service rep and Suntrust(yuck) and a teller with synovus. I'm also taking the H&R tax class that teaches you how to prepare taxes. At ...
by stjoe56
Sat Jan 12, 2013 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance -- Knights of Columbus
Replies: 1
Views: 918

Re: Long Term Disability Insurance -- Knights of Columbus

Go to Disability Forum, http://www.disabilityinsuranceforums.com, and ask your questions there. I bought a policy a while back and two years I filed a claim. I now have a decent tax free income at least until I am 62 and possibly 65. I got mine through a professional association.

SJ
by stjoe56
Sun Jan 06, 2013 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice/help dealing with insurance company denial
Replies: 5
Views: 1038

Re: Need advice/help dealing with insurance company denial

I live and work in the area and have some experience relating to this issue. Usually a denial to pay is related to a claim there is a pre existing condition not disclosed on the application. I semi-disagree. I had a pre-existing condition of high-blood pressure which was disclosed. Thereafter the i...
by stjoe56
Sat Jan 05, 2013 8:56 pm
Forum: Personal Investments
Topic: What to do w/ a variable annuity
Replies: 4
Views: 601

What to do w/ a variable annuity

Many, many moons ago, when I was young and naive, I invested some after tax money into Vanguard Variable Annuities. I cannot remember when. I now have two annuities, each worth over $300K with a cost basis of approximately $100K. I have absolutely no idea what do with these. I have more than enough ...
by stjoe56
Mon Dec 10, 2012 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: which version of TurboTax to get
Replies: 7
Views: 1655

which version of TurboTax to get

I am helping a young relative prepare his own tax return for the very first time. He has a very simple return but with with some twist. 1. He has lived abroad for the past two years. 2. His income is paid directly into his US bank account. 3. He has some dividend and bond income (under $3K from Vang...
by stjoe56
Thu Nov 15, 2012 10:07 am
Forum: Personal Investments
Topic: investing newbie/medical resident looking for advice
Replies: 20
Views: 3753

Re: investing newbie/medical resident looking for advice

Semi off topic. But as a medical resident/MD, you must purchase long term disability insurance . You are/will/have undergone a long bit of training. At the end of which all you are trained to do is one thing. I purchased a policy years ago and am now collecting on it. I hired a professional to help ...
by stjoe56
Thu Nov 15, 2012 10:00 am
Forum: Personal Investments
Topic: [My Fee Only Planner's] Fees are going up!
Replies: 56
Views: 7734

Re: [My Fee Only Planner's] Fees are going up!

I use an advisor. I pay more than $8,700. Now I could do it myself, and I have and probably could still. But I went to an advisor for a variety of reasons. They include: 1. My spouse had a small stroke 2. I probably had one a few years ago. 3. I retired last year on a disability pension at the age o...