Search found 72 matches

by alrick
Sat Dec 07, 2019 8:20 am
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 17
Views: 1105

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

The entry fee and ongoing monthly fees seem high to us. We have visited and completed preliminary paperwork at two CCRCs in our northern New England state. Both organizations are not-for-profit entities and have decades long operating success with great "customer satisfaction" testimonials. We also ...
by alrick
Sat Oct 26, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5295

Re: Who does your tax returns?

With our combined retirement funds in mid-seven figures, several sources of current income, and real estate LLC income and transactions.....we have used CPA services for a number of years. However, I usually run Turbo Tax or other simplified tax software just to see how my rough outcomes compare wit...
by alrick
Sat Oct 19, 2019 7:02 am
Forum: Personal Investments
Topic: Got tricked into a VUL, $40K already in - Need advice with my options
Replies: 22
Views: 3179

Re: Got tricked into a VUL, $40K already in - Need advice with my options

As my father would say..."your first loss is your best loss". Stop putting more $$$ into an ever losing proposition.

Then seek avenues that might bring you back a portion of what you have already paid into the product.

Move on, lesson learned.
by alrick
Sun Sep 22, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: First car for child
Replies: 129
Views: 8294

Re: First car for child

Confirm the RAV4. We looked around extensively for our granddaughter's first car and settled on a 2016 RAV4 that came in off a lease......34,000 miles and certified by Toyota dealer....paid $19,000 for the upside model. Safety, performance, reliability, all wheel drive, and sitting higher for visibi...
by alrick
Fri Aug 30, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Educating Spouse on Personal Finance
Replies: 60
Views: 3867

Re: Educating Spouse on Personal Finance

Every January I update our "Family Financial Planning" document and share and discuss with wife and two adult sons. This document starts with an overview of the past year and the major financial and other personal changes that might have been made...assets bought or sold, funds moved or consolidated...
by alrick
Tue Aug 06, 2019 7:03 am
Forum: Personal Investments
Topic: Fired my advisor today so I created AUMM [Assets Under My Management]
Replies: 22
Views: 2414

Re: Fired my advisor today so I created AUMM [Assets Under My Management]

Woody Allen once defined a stockbroker as one who invested and reinvested your money until it was all gone! "Wealth Managers" seem to follow the same path.
by alrick
Fri Jul 05, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 22772

Re: Do you share your net worth with family members?

Wife and I provide full financial disclosure information to our two married sons and their spouses each January. This is a full annual update on financial and other information on our assets and liabilities, including 12/31 balances in taxable and retirement accounts. This is part of our estate plan...
by alrick
Thu Jun 27, 2019 6:42 am
Forum: Personal Investments
Topic: I Inherited a Trust, Please Help Me Find A Trustee
Replies: 12
Views: 1795

Re: I Inherited a Trust, Please Help Me Find A Trustee

Consider meeting with your estate planning legal counsel...if you have one.....if not, it's not too soon to select one and begin your long term estate planning, of which this trust would be a component. In this way your estate planning attorney can assist in analyzing the trust documents to see if/h...
by alrick
Thu May 23, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3599

Re: Mortgage almost paid off

Make the first month's payment, then contact the bank and ask for the payoff amount for the specific day you want to clear the balance
by alrick
Sat May 18, 2019 5:57 am
Forum: Personal Investments
Topic: RMD taxes
Replies: 9
Views: 942

Re: RMD taxes

No. Your RMD taxes are calculated on the total amount of your RMD withdrawal, regardless of the funds you take the withdrawal from.

Munis are more helpful when held with other non-retirement funds.
by alrick
Sat May 11, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Roth IRA
Replies: 17
Views: 1526

Re: Inherited Roth IRA

Thanks to all for answers given and for the IRS reference!!
by alrick
Sat May 11, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Roth IRA
Replies: 17
Views: 1526

Inherited Roth IRA

We have a Roth IRA that lists our two granddaughters as 50/50 beneficiaries upon our passing. Their age difference is three years, so their annual RMDs would be slightly different once they receive the inherited Roth IRA. We know that inherited tIRAs with multiple beneficiaries can be split into sep...
by alrick
Fri May 10, 2019 7:20 am
Forum: Personal Investments
Topic: Best low-balance custodial Roth IRA for kids?
Replies: 10
Views: 823

Re: Best low-balance custodial Roth IRA for kids?

I agree on using the Vanguard ETF custodial Roth IRA approach. We have done this for both our granddaughters. Very easy to set up and monitor.
by alrick
Thu May 09, 2019 4:13 pm
Forum: Personal Consumer Issues
Topic: College/life prep for young kids
Replies: 79
Views: 6928

Re: College/life prep for young kids

Keep it at a high level....What others have called the Success Sequence. Do Things in the following order: 1. Get your Education 2. Start your career 3. Get married/partnered 4. Have kids Do things in any other order creates real challenges......discuss finances within the Success Framework......If ...
by alrick
Sun Apr 14, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What happens to money in a 457 after leaving?
Replies: 23
Views: 4639

Re: What happens to money in a 457 after leaving?

my experience is the same as Jeffreyscott. I was able to move my public (public college) 457(b) to my rollover IRA. I was not able to do this with my non-public (private university) 457(b), so I have held that and simply take my annual RMDs from it......and it will pass along as an inherited 457(b) ...
by alrick
Sun Mar 24, 2019 8:04 am
Forum: Personal Investments
Topic: RMD and QCD Tax Filing Question
Replies: 17
Views: 1055

Re: RMD and QCD Tax Filing Question

If you are doing a QCD from a Vanguard IRA, it can be done easily online. Vanguard sends you a check to you at your home address and it's made out to the charity. You can then present or send the donation in a more personal way to the charity. Easily done and you have a record on your Vanguard state...
by alrick
Sat Mar 23, 2019 6:58 am
Forum: Personal Investments
Topic: Pre-Retirement Checklist
Replies: 13
Views: 1384

Re: Pre-Retirement Checklist

I affirm others in getting your estate planning in place....will, trusts, beneficiaries, advanced directives for health care and power of attorney, etc.
by alrick
Sun Mar 03, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Designations for IRA's at Vanguard
Replies: 7
Views: 1022

Re: Beneficiary Designations for IRA's at Vanguard

To get the best and safest advantage of the "stretch" the beneficiary should be a person....child, grandchild, niece, nephew, friend....as individuals have a life expectance against which RMDs can be determined. A trust or a charity does not have a life expectancy and therefore receive the amount in...
by alrick
Sat Feb 16, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: Renting a car for 30 days or more
Replies: 11
Views: 1165

Re: Renting a car for 30 days or more

Regularly rent a car for the month of April when we travel to Florida. We always shop "early and often" to find the best price and are willing to pay a bit of a premium as we enjoy the convenience of pick-up and drop-off at TPA. In the past there has been a 30 day/one month limit on these rentals, s...
by alrick
Wed Jan 16, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Boost Emergency Fund or Pay Down Debt?
Replies: 13
Views: 1032

Re: Boost Emergency Fund or Pay Down Debt?

I agree with Strafe. Keep the powder dry in the emergency fund. If government funding is extended and you feel more comfortable about job security later this year, then you can shift the funds to pay off the vehicle.
by alrick
Tue Dec 11, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: IRS on making QCD by check from IRA
Replies: 14
Views: 1030

Re: IRS on making QCD by check from IRA

Vanguard has a very easy to use online feature that enables you to complete a QCD transaction(s). Check is made out to charity and sent to IRA owner for transmittal to charity. Easy Peezy
by alrick
Sun Dec 09, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Wills, Estates and Trusts
Replies: 28
Views: 2827

Re: Wills, Estates and Trusts

Seems a bit steep if you are just updating. Somewhat more reasonable if you are essentially starting from scratch.
by alrick
Thu Nov 22, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Need A Chromebook Recommendation
Replies: 16
Views: 1683

Re: Need A Chromebook Recommendation

Bought a pair of Acer Chromebooks, 2 in 1, so can be used with regular key pad or as touch screen. Granddaughters love them. Had good reviews on several sites. About $235 each.
by alrick
Thu Nov 01, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Selling House Directly to Buyer
Replies: 28
Views: 2877

Re: Selling House Directly to Buyer

Here in New Hampshire we recently did a direct sale of a condo. Even though there was a real estate commission to be paid, the seller used the Title Company to coordinate the closing. It was a simple process with no higher fee lawyers involved. All transactions were handled by the Title Company and ...
by alrick
Sat Oct 06, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 155
Views: 14280

Re: What is your annual cost for health insurance?

Belong to an HMO with employer, with Medicaid as back-up. Cost for self and spouse is about $2000 per year, with $20 copay for PCP visits and $30 copay for specialists. Urgent care copay is $50 and ED copay is $100. Most Rx copays are $5. Maximum deductibles are $400. Use a HSA account to cover thes...
by alrick
Tue Aug 21, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Roth IRA
Replies: 7
Views: 880

Inherited Roth IRA

My two daughters are to inherit 50/50 a Roth IRA established by their grandfather. Their ages are two years apart. If this inherited Roth is split into two separate inherited Roths upon his death, will the required minimum withdrawals still come to them tax free, or will this be considered a "new" R...
by alrick
Sun Aug 12, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4981

Re: How to have “what if” discussion with retired parents?

I like the approach of starting off by talking to your parents about sharing your financial and operation information....."just in case". If you and your siblings were to do this....to whatever level of detail is comfortable....it should send a strong message about the value of planning ahead. Be su...
by alrick
Sun Jul 22, 2018 7:09 am
Forum: Investing - Theory, News & General
Topic: TIAA - Full POA *not* enough for all tasks any more - need "Guardianship" ??
Replies: 29
Views: 2493

Re: TIAA - Full POA *not* enough for all tasks any more - need "Guardianship" ??

While this requirement might be legitimate, it's just another example of the difficulties associated with doing business with TIAA. I moved all of my TIAA assets to Vanguard years ago largely because I was afraid of what my heirs would face when they had to deal with the TIAA mindset. I strongly rec...
by alrick
Thu Jul 19, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 63
Views: 6754

Re: Reevaluating mortgage payoff strategy

I am in a like position, but retired. Have a 2.75%, 15 year fixed mortgage on condo valued at $525,000 with $175,000 balance. I am considering a four year plan to pay off. Keep paying $1775 per month and making $25,000 annual payments on principal each of next four years. This still leaves substanti...
by alrick
Thu Jul 05, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: paying off mortgage while I have high income?
Replies: 11
Views: 2114

Re: paying off mortgage while I have high income?

I'm thinking in the same direction. As my cash position increases we may well make some payments on the principle from time to time, but probably not pay it all down at once. Mortgage balance is $180,000 at 2.75%, and income is in the $275,000 range.
by alrick
Wed Jul 04, 2018 7:07 am
Forum: Personal Investments
Topic: 529 asset allocation during college years
Replies: 9
Views: 1128

Re: 529 asset allocation during college years

If you end up with money not used, you can always change the beneficiary of the 529 fund......perhaps to a niece, nephew......or even a grandchild if any are on the horizon.
by alrick
Sat Jun 30, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 11829

Re: Lost out on promotion

1. Stay positive, work hard, learn all you can.

2. Keep your eye out for opportunities....if you are positive and skilled, they will appear.

3. Do not build walls.....build bridges.

4. Be a patient Boglehead.
by alrick
Mon Jun 25, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 56
Views: 6488

Re: How to pay college tuition from a 529?

If you pay grandchild's tuition/fee/room/board college expenses directly to the institution, and then seek 529 reimbursement to yourself, what is the effect on the FAFSA for the child/parents? I believe that if payments from a 529 account are made directly to the institution, this resource would hav...
by alrick
Mon Jun 25, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Sudden appearance of multiple buyers real or negotiation tactic?
Replies: 61
Views: 4630

Re: Sudden appearance of multiple buyers real or negotiation tactic?

Stay with the most recent offer, or drop to a lower level. Send the message that there are no games to be played.
by alrick
Fri Apr 20, 2018 9:55 am
Forum: Personal Investments
Topic: Does this seem an unusually high stock AA for a pension fund?
Replies: 3
Views: 393

Re: Does this seem an unusually high stock AA for a pension fund?

There are a number of indicators you should take a look at to determine the "health' of the System. I agree that the assumed rate of return of 8.5% is unrealistic in today's markets and for the foreseeable future. Most DB funds have been lowering their target to the 7.0 - 7.5% range. Many are at 7.2...
by alrick
Sun Mar 18, 2018 7:56 am
Forum: Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 49
Views: 5599

Re: Vanguard Personal Advisory Services Fees

I have talked with Vanguard advisors for years about going to a flat fee for service....and perhaps provide different bundles of services to meet the needs/desires of different investors........not unlike a fee only financial advisor. The advise sought or given is usually not a function of assets un...
by alrick
Fri Feb 02, 2018 7:15 am
Forum: Personal Investments
Topic: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice
Replies: 13
Views: 1151

Re: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice

On a number of posts I have urged TIAA investors to keep their funds in TIAA/CREF liquid funds so they can be moved out to others such as Vanguard upon retirement. TIAA/CREF contracts are often different with each employer and so are withdrawal processes......it can be very complicated and confusing...
by alrick
Mon Jan 22, 2018 8:18 am
Forum: Personal Investments
Topic: TIAA and me again (and Vanguard)
Replies: 16
Views: 1883

Re: TIAA and me again (and Vanguard)

After many years of frustration dealing with TIAA/CREF I have moved nearly all of my TIAA funds elsewhere....primarily Vanguard. The contacts they had with the various colleges and universities I worked for over the years were different and each had their own set of rules regarding choices and optio...
by alrick
Mon Dec 25, 2017 8:00 am
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 9892

Re: 1st, your education. Then...Location, Location, Location

Simple four steps in this order. If you do not follow this order, then the probability of a fulfilling life is substantially at risk. 1. Get a good education in a discipline offering good career opportunities 2. Get a job, start your career and start saving. 3. Get married 4. Build a family We have ...
by alrick
Tue Dec 19, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: opinions requested on student college decision / financial related
Replies: 87
Views: 5930

Re: opinions requested on student college decision / financial related

Look at graduation rates, RN pass rates, and first professional positions at each school. Also look at the clinical sites...hospitals, specialty rotation sites. Are they well known and respected. If daughter is planning to go on for additional education, she can choose a top flight graduate school.....
by alrick
Fri Dec 08, 2017 8:06 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 28291

Re: Do people still use AAA?

We have been long term members of AAA here in northern New England. We are premium members and find the additional cost worth the benefits. As a member we also have our auto and homeowner's insurance with AAA. Comparison shopping has always shown that they have the lowest costs for us. Their travel ...
by alrick
Sat Oct 28, 2017 6:29 am
Forum: Personal Consumer Issues
Topic: Vacation ideas in Jan/Feb?
Replies: 25
Views: 3033

Re: Vacation ideas in Jan/Feb?

In the past two years we have had good experiences in the Dominican Republic at the Melia/ The Level resort. This is an all-inclusive with separate areas for families and adults. We found the facilities clean and well maintained, great pools and a good variety of buffet and regular restaurants. Pric...
by alrick
Fri Oct 27, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: dishwasher recommendations
Replies: 54
Views: 5678

Re: dishwasher recommendations

We have a GE....came with the condo 17 years ago and has been excellent. It's a bit more noisy than newer models, but I like the sounds of a working machine!
by alrick
Wed Oct 25, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Windfall Question - Farmland Rental versus Sale
Replies: 32
Views: 2751

Re: Windfall Question - Farmland Rental versus Sale

Unless this land is in a likely development corridor that would see a substantial rise in value over the next 5-7 years, I would sell. Limited returns from leases and potential liabilities present risks you can easily avoid by selling.....and giving you liquidity you can deploy via a number of optio...
by alrick
Mon Oct 16, 2017 7:11 am
Forum: Personal Consumer Issues
Topic: Is Florida Over, 2017
Replies: 48
Views: 7342

Re: Is Florida Over, 2017

RENT AND RELAX!!
by alrick
Sat Jul 15, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Time to dump State Farm agent?
Replies: 25
Views: 3992

Re: Time to dump State Farm agent?

If you are a AAA member it's well worth the time to look at their insurance products. The products offered vary by Club, but in our area, New England, we have been very satisfied with their life, auto and home policies. Prices are quite reasonable and service has been great.
by alrick
Fri Jun 23, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Child's Investments' impact on Financial Aid
Replies: 5
Views: 720

Child's Investments' impact on Financial Aid

We have two granddaughters who are approaching their high school years. We have been thinking of establishing a modest mutual fund account for each upon their graduation from Middle School. This might be a Vanguard account that starts out with and opening amount of $3,000, and we would add to it wit...
by alrick
Wed May 17, 2017 7:26 pm
Forum: Personal Investments
Topic: 401(a) & 403(b) TIAA
Replies: 8
Views: 1166

Re: 401(a) & 403(b) TIAA

Be careful of putting funds into TIAA Traditional as you may not be able to move the funds as a lump sum in the future. TIAA Traditional makes long term investments in real estate and therefore they may not have great liquidity. A number of years ago I had about $100,000 in TIAA Traditional and deci...
by alrick
Thu Apr 20, 2017 7:44 am
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 72
Views: 11855

Re: Visualizing the devastating impact of fees

Chart should be retitled "Investment Gains" and noted that if your investments gained $1,000,000 over 40 years, the chart shows what portion of those games go to the investor and what portion go to the advisor.
by alrick
Sun Apr 09, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Telling Family About Daughters 529 For Gifts
Replies: 52
Views: 5073

Re: Telling Family About Daughters 529 For Gifts

529 Gifts: Not sure what 529 plan you are in, but ours is linked to a 2% cash-back credit card. So we have several family members who have these credit card accounts and direct the 2% to our granddaughter's 529 account. It's amazing how much flows to this account each year......when compounded by ye...