Search found 31 matches

by Chrysalis
Sun Mar 31, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social security for expat federal employee
Replies: 2
Views: 314

Social security for expat federal employee

I wonder if Bogleheads can provide some information about Social security for a friend. He is a federal employee who is now a joint US UK citizen and has lived in US for about 7 years. He had 20 SS credits as of 2 years ago. What does this mean? How fast do SS credits accrue? How csn he find out whe...
by Chrysalis
Wed Nov 07, 2018 3:49 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 15723

How much money did you receive from family? (Gifts/inheritance)

As a companion to the thread on leaving money to children, I thought it might be interesting to flip this around and discuss how much we received, at what age, and what impact it had on us. I note that many people are nervous about leaving large sums to their children. I wonder if there are negative...
by Chrysalis
Tue Mar 22, 2016 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 97
Views: 16929

Re: Early Retirees - What triggered you to retire?

I don't think the OP is asking 'why?', I think he's asking 'how?' I've been trying to retire for a couple of years. I probably have about a quarter of OPs funds, relatively speaking, but for sure it's not about money, nor is it even really about motivation. It's about being stuck in inaction, becaus...
by Chrysalis
Thu Feb 18, 2016 3:34 am
Forum: Personal Finance (Not Investing)
Topic: Applied for 100 jobs, no callbacks. What's up?
Replies: 103
Views: 13818

Re: Applied for 100 jobs, no callbacks. What's up?

I think the clue is in your post - you're applying 'none too seriously'
In my experience, I've only got the jobs that I really wanted. When you're not motivated, it's easy to spot.
by Chrysalis
Fri Nov 06, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Young Engineer pondering of switching Great Job for more $$
Replies: 25
Views: 2396

Re: Need Advice - Young Engineer pondering of switching Great Job for more $$

I think, don't leap for the first offer you've had, unless it really feels right in your gut. My guess is once you've finished your Masters, you'll be able to shop around and get a few more offers, one of which might offer the right balance of more money without all the downsides you list. You might...
by Chrysalis
Tue Oct 14, 2014 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of house-closing tomorrow, buyer is backing out
Replies: 60
Views: 25123

Re: Sale of house-closing tomorrow, buyer is backing out

coming from England, this is actually not uncommon over here. You can back out of a sale at any time before 'exchange of contracts' which is often the same day as closing. There is no down payment so no recompense at all to whichever side has been let down. You just have to suck it up and go back on...
by Chrysalis
Tue Oct 07, 2014 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Real life windfall experiences?
Replies: 23
Views: 6226

Re: Real life windfall experiences?

I have to say I have not really worked out what my 'passion' is. My job is ok, there are good things and bad things, but on the whole, I am in it for a reason, which is that it is the best fit for my interests and talents and desire for work/life balance that I have found so far! So I have not yet m...
by Chrysalis
Mon Oct 06, 2014 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Real life windfall experiences?
Replies: 23
Views: 6226

Re: Real life windfall experiences?

Ok, I am in the UK (not sure if that changes things too much) and about 3 years ago, my family received an unexpected inheritance of about $1m each (myself and spouse, and our two children). We are in our mid 40s and until the time had been comfortably off, but not wealthy, and on track for a sort o...
by Chrysalis
Fri Jun 27, 2014 4:44 pm
Forum: Personal Investments
Topic: Help with 85 y.o. parents' retirement portfolio
Replies: 53
Views: 6878

Re: Help with 85 y.o. parents' retirement portfolio

I'm glad you have the legal document for the mortgage. But how would that change things, if the mortgage should still be there after your parents have gone? Would it be transferred back to him? Could he use his inheritance to pay off a portion of it? I still think it's likely to be difficult to pers...
by Chrysalis
Thu Jun 26, 2014 10:47 am
Forum: Personal Investments
Topic: Help with 85 y.o. parents' retirement portfolio
Replies: 53
Views: 6878

Re: Help with 85 y.o. parents' retirement portfolio

Well, I wish you good luck with your brother. But if he's already the kind of person happy to take a handout from elderly parents rather than pay for his own housing, why would he have a change of heart? From his point of view, he may turn around and say that you are exerting pressure on mom to forc...
by Chrysalis
Thu Jun 26, 2014 2:26 am
Forum: Personal Investments
Topic: Help with 85 y.o. parents' retirement portfolio
Replies: 53
Views: 6878

Re: Help with 85 y.o. parents' retirement portfolio

Regarding the brothers house. Is the situation that your brother owns a paid off house, and your parents hold a mortgage secured on there own home? Yikes. Presumably that means that on their death, the mortgage is paid off using the estates assets, and your brother is sitting pretty in his paid off ...
by Chrysalis
Mon May 26, 2014 5:19 am
Forum: Personal Investments
Topic: How much house should I buy? (young person with many assets)
Replies: 71
Views: 8302

Re: How much house should I buy? (young person with many ass

OP, I think you sound sensible, and I think you have got a wide range of views from a whole bunch of wise and successful people. I'm not going to add my advice as I come from the UK where the property market is very different. I am interested though in hearing a little more about your inheritance, h...
by Chrysalis
Sat Mar 22, 2014 12:13 pm
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 17451

Re: Poll: When did you retire? Would you do it all over agai

seems everyone (almost) is really enjoying retirement. What is it that you like about it? Have you had to plan carefully to keep structure and challenge in your life, or are you happy just chilling :) I am anxious about retirement (I'm a bit young for it yet though) - I worry that I will feel bored ...
by Chrysalis
Tue Dec 10, 2013 9:30 am
Forum: Non-US Investing
Topic: UK Investor - World ETF or Lifestrategy?
Replies: 15
Views: 3499

Re: UK Investor - World ETF or Lifestrategy?

VRWL is available in GBP as well as USD (for UK investors)

I agree Hargreaves Lansdown are cheap at present for a single Vanguard fund, but they are likely to introduce a % fee on funds when they move to post RDR fee structure.
by Chrysalis
Thu Dec 05, 2013 3:27 am
Forum: Non-US Investing
Topic: Almost ready to finally invest. Please help. [England]
Replies: 12
Views: 1460

Re: Almost ready to finally invest. Please help. [England]

Please note, target retirement funds are not available in the UK. We have quite a restricted range of vanguard products available to us. To the OP - I would reiterate my advice not to invest in a taxable account in accumulation units. It makes separating out the (internally retained) distributions f...
by Chrysalis
Wed Dec 04, 2013 6:24 am
Forum: Non-US Investing
Topic: Almost ready to finally invest. Please help. [England]
Replies: 12
Views: 1460

Re: Almost ready to finally invest. Please help. [England]

Sorry a few more answers to your queries. Regarding ROI, I think Tim Hale has the best data on anticipated returns for UK orientated passive portfolios for varying asset allocations. I think a bigger issue is working out yourself how you will react when your equities fall by 50%...in other words ris...
by Chrysalis
Wed Dec 04, 2013 6:02 am
Forum: Non-US Investing
Topic: Almost ready to finally invest. Please help. [England]
Replies: 12
Views: 1460

Re: Almost ready to finally invest. Please help. [England]

Hi I am also UK based. I see TedSwippet has already highlighted the monevator blog. I think this is the best source of information on passive investing from a UK perspective, bar none. If you haven't already found it, I thoroughly recommend reading all the passive investing info on there. They even ...
by Chrysalis
Sat Oct 05, 2013 10:53 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

Thanks again all. I well remember my first small inheritance - I was about 13 and inherited £500. I put it into national savings certificates. About two years later I bought my first good camera for £150. The rest went a few years later on pre-university travel. I've never regretted any of my decisi...
by Chrysalis
Wed Oct 02, 2013 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

Thanks again all.yes, it is slightly doing my own head in (ie our own legacies and the choices they now permit)!
We will be giving them information about their grandparents and how the money was made- at least they are old enough to remember them.
by Chrysalis
Wed Oct 02, 2013 9:47 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

Well, we're drifting off topic here, but if you're interested, the annual gift allowance in the UK is £3000 (about $5000) for all of your gifts (not for each recipient). And yes, inheritance tax of 40% is payable on estates worth >£325k (about $500k). Outright gifts become free of inheritance tax af...
by Chrysalis
Tue Oct 01, 2013 7:05 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

thanks again all for thoughts. bsteiner, I'm not an expert in UK trust taxation, by any means. My feeling is that trusts are most often used in the UK to reduce inheritance tax; however the assets held in discretionary trusts are subject to high income and capital gains tax rates - as well as the pe...
by Chrysalis
Sun Sep 29, 2013 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

Bsteiner - trust law and taxation is very different in the UK. The money will become theirs absolutely at 25 - the current trusts will cease to exist. New discretionary trusts could be created, but the children would have to set them up themselves. the taxation of discretionary trusts is so unfavour...
by Chrysalis
Thu Sep 26, 2013 3:33 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

Many thanks for all for further suggestions, especially Meg77 for her personal experiences. I expect I'd have been a lot like you if I'd been in your situation! Do you resent at all the fact that you don't get full control until you are practically middle aged? Or is that much more usual in the US? ...
by Chrysalis
Wed Sep 25, 2013 2:10 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

I mean, to put it in perspective - the capital is generating more income than a full time minimum wage job, and they will receive this absolutely at age 18. It's also more than 25 times the average UK wage. (and Mr Money Mustache would say its enough for FI - but in the UK, I'm not so sure). So how ...
by Chrysalis
Wed Sep 25, 2013 1:18 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

Thanks. These are all great tips about teaching kids money management, and they're the kind of thing I would have been doing anyway, regardless of the windfall. (but, not that I believe such training and experience will necessarily make a good money manager out of a spendthrift, actually). I guess m...
by Chrysalis
Tue Sep 24, 2013 10:14 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

Re: preparing children for wealth

thanks helfordpirate. Yes, we explored the possibility of a deed of variation, but with beneficiaries who are minors it would require a court order and our advice was that it would not be successful since advancing the age at which they received the money would not be considered in their interests (...
by Chrysalis
Tue Sep 24, 2013 8:58 am
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 8260

preparing children for wealth

Hi This is really a question about relationships and money rather than about investments. Also, I am based in the UK where our trust and tax regulations are completely different (as well as our levels of personal wealth and attitudes to same!) so please bear that in mind. Ok this is my situation. We...
by Chrysalis
Mon Aug 26, 2013 4:08 pm
Forum: US Chapters
Topic: bogleheads in England?
Replies: 8
Views: 1477

Re: bogleheads in England?

the post by valuethinker is a little out of date now. As well as the availability of vanguard funds and ETFs, there are also a good range of ishares ETFs. regarding tax advantaged savings -tax advantaged pension savings limits have been reduced considerably in recent years. Pension contributions tha...
by Chrysalis
Mon Aug 26, 2013 3:57 pm
Forum: US Chapters
Topic: bogleheads in England?
Replies: 8
Views: 1477

Re: bogleheads in England?

Sorry, to add - the Vanguard ETFs (small range available in Uk) are probably the cheapest for total expense ratios.
by Chrysalis
Mon Aug 26, 2013 3:55 pm
Forum: US Chapters
Topic: bogleheads in England?
Replies: 8
Views: 1477

Re: bogleheads in England?

Yes you are fortunate indeed! There is a good UK based blog, Monevator, which has the best Uk relevant index investing information bar none. It includes a summary of the handful of brokers who provide access to Vanguard funds (but our range is tiny compared with yours). as for retirement calculators...
by Chrysalis
Thu Jun 20, 2013 2:31 pm
Forum: Non-US Investing
Topic: Why do funds and ETFs in US not capitalize dividends?
Replies: 15
Views: 5004

Re: Why do funds and ETFs in US not capitalize dividends?

I am in the UK, and here, accumulating mutual funds and capitalising ETFs are taxed exactly the same as distributing ones. Dividends (or effective distributions made within the accumulating fund) are taxed as income, and capital gain taxed as capital gain. In a taxable account, it makes tax calculat...