Search found 423 matches

by bostondan
Sun Dec 03, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

There are two kinds of liability instance. You probably need both. Professional liability covers you for something you do (or don't do) while acting in your professional capacity. Personal liability covers you for things you do (or don't do) while not working, such as driving or not maintaining you...
by bostondan
Sun Dec 03, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

Aren’t you really talking peanuts for the annual premium? I carry $3 million for a $500 premium and I own a house which you don’t. It will cost you more to call Bruce. :happy Gill Yes, you are right! I'll just move forward with the $3 million policy. It was a no-brainer when it was $141 through work.
by bostondan
Sun Dec 03, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

I By any definition, you've had a superb attorney draw up your trust so your answer is with him. The way that I understand it, and this may have some degree of state-specificity, is that revocable trusts would not protect the assets from creditors. If it's an irrevocable trust, the assets are more p...
by bostondan
Sun Dec 03, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

It appears this is a trust created by a decedent for your benefit. Most likely it is not subject to claims of your creditors. Nevertheless, with your other information and potential I’d still stick with $3 million as I said above. Gill You're probably right. The trust can basically be used for any ...
by bostondan
Sun Dec 03, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

Is it a revocable trust? No, it is a trust containing inherited assets, both plain taxable and an inherited IRA (held within the trust). It was created with the assistance of Bruce Steiner (bsteiner on this board), so I am confident that it is well constructed. So it’s a non-revocable trust? The ty...
by bostondan
Sun Dec 03, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

Are you certain your assets in trust can’t be reached by a judgment creditor? What type of trust is it? Gill I guess I can't be sure of anything, but I trust that Bruce did a good job making it as good as one can. I'm sure the right legal situation can still screw me, but it seems like it at least ...
by bostondan
Sun Dec 03, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Re: Umbrella insurance when assets mainly in trusts

quantAndHold wrote:
Sun Dec 03, 2017 7:42 pm
Is it a revocable trust?
No, it is a trust containing inherited assets, both plain taxable and an inherited IRA (held within the trust). It was created with the assistance of Bruce Steiner (bsteiner on this board), so I am confident that it is well constructed.
by bostondan
Sun Dec 03, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1644

Umbrella insurance when assets mainly in trusts

I attempted to search, but couldn't quite find what I was looking for. Sorry if this is a repeat question. I currently have $3m in excess liability insurance (umbrella insurance) through my previous employer. It was required and offered at a discount. I paid about $140 for the $3m policy. I started ...
by bostondan
Sun Nov 19, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 28
Views: 1933

Re: United change fees

Pro tip for anybody that needs to modify a flight in the future: We recently booked flights to Hawaii for 12/25. We chose an inconvenient flight because all the others were ridiculously expensive. I managed to get the weekend off so that we could leave 12/23 instead, so we wanted to change the fligh...
by bostondan
Sat Nov 11, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3185

Re: Schwab/Fidelity vs BoA Gold: Checking

I have >$100k at Merrill Edge, which put me into the Platinum level. I moved some ETFs there that had significant capital gains and were unlikely to ever be sold. I enjoy the benefits of having BofA with no fees whatsoever, mostly because there are so many BofA locations in Boston. Also, I enjoy the...
by bostondan
Sat Nov 11, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2176

Re: What backup service to use?

Just today I realized I had deleted an important receipt from 2011. It turns out I deleted it in 2013 accidentally, but didn't realize because I hadn't needed it at that time. Thanks to CrashPlan, I was able to recover it without any difficulty because it never deletes files. Had I been using BackBl...
by bostondan
Sat Nov 11, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: PurePoint savings increases rate to 1.4%
Replies: 0
Views: 304

PurePoint savings increases rate to 1.4%

I've been using PurePoint for a while and it has been a very good experience. They don't have a mobile app, which is frustrating, but the website works very well. They have increased their high-yield savings rate to 1.4%. Hopefully this is helpful to people looking for a place to park an emergency f...
by bostondan
Fri Nov 10, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2176

Re: What backup service to use?

On my Mac, for local backup, I use Carbon Copy Cloner (CCC) to create a twice weekly and a monthly clone/backup. The weekly and monthly backups are on two different hard drives. The monthly backup is kept in a safe drawer, not connected to any computer, only taken out for the backup, so that it woul...
by bostondan
Fri Nov 10, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4985

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

Yes. I have bought a handful of individual stock over the years, with a total value of about $1000 in a portfolio of $3.5m. My wife decided to buy RadioShack stock at one point, for a total of about $50. As it crashed and burned we just kept it because my wife had a hope that it would somehow return...
by bostondan
Sun Nov 05, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: Got an iPhoneX
Replies: 157
Views: 11443

Re: Got an iPhoneX

In the second year of ownership I rely on Amex extended warranty. It has worked extremely well the one time the battery gave out. Amex refunded the entire price of the phone. I don’t really understand why they did that, but I didn’t complain. I bought with an AmEx, how does this work? There are a l...
by bostondan
Sun Nov 05, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Got an iPhoneX
Replies: 157
Views: 11443

Re: Got an iPhoneX

I have never purchased AppleCare and don’t plant too. I have always used a case and a glass screen protector and have never broken a phone. Total cost of these is around $40/phone. I could try to go caseless, since I don’t drop it much, but the case also makes me feel more comfortable leaving my pho...
by bostondan
Sun Nov 05, 2017 6:04 am
Forum: Personal Consumer Issues
Topic: Got an iPhoneX
Replies: 157
Views: 11443

Re: Got an iPhoneX

. Current owners, what case and screen protector did you select? I usually don’t spring for the insurance, but those screen repair prices are scary. I got the Anker screen protector. It was $7.99 for a two-pack and also includes a tool for applying the screen protector evenly. It seems to be as nic...
by bostondan
Thu Nov 02, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: How secure are Wi-Fi cameras?
Replies: 28
Views: 2318

Re: How secure are Wi-Fi cameras?

I would not suggest doing this. You should have the FiOS router set in bridge mode. If you don't, you will run into an issue of double NAT: https://kb.netgear.com/30186/What-is-Double-NAT This is all going way over my head but I was going to edit my post to say FIOS modem, not FIOS router, if that ...
by bostondan
Thu Nov 02, 2017 7:24 pm
Forum: Personal Consumer Issues
Topic: How secure are Wi-Fi cameras?
Replies: 28
Views: 2318

Re: How secure are Wi-Fi cameras?

I just thought of something and would like some opinions - I have a FIOS router but do not use their wifi and it is in fact turned off (Radio = Off setting) - it is hardwired to an Apple Airport Base Station that provides my wifi network. That is the network I would have used with wifi cameras. Sup...
by bostondan
Mon Oct 30, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: LG Ultrafine 5K Display for Macbook Pro?
Replies: 8
Views: 766

Re: LG Ultrafine 5K Display for Macbook Pro?

I bought the LG 5K display when it first came out. I had nothing but problems. It was nice when it worked, but it frequently crashed my brand new MBP 15" when plugging and unplugging it. There were countless reviews stating this same problem. It apparently had something to do with FileVault, but I c...
by bostondan
Mon Oct 23, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 81
Views: 8424

Re: Building very high net worth

This XKCD comic is relevant (https://xkcd.com/1827/):

Image
by bostondan
Mon Oct 09, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS life expectancy table change?
Replies: 10
Views: 1323

Re: Does IRS life expectancy table change?

The exception may be in the year of the change by proposed regulations. I seem to remember that when the proposed RMD regulations were published with a future effective date, they did allow RMDs for that year to use the proposed regulation's' tables. Makes sense. I'll just make sure to check each y...
by bostondan
Sun Oct 08, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS life expectancy table change?
Replies: 10
Views: 1323

Re: Does IRS life expectancy table change?

Grt2bOutdoors wrote:
Sun Oct 08, 2017 8:25 pm
You use the table in effect at IRS at time of beginning RMD's.
Thanks. Do you happen to have a reference for this fact? I am struggling to find that specific rule.
by bostondan
Sun Oct 08, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS life expectancy table change?
Replies: 10
Views: 1323

Does IRS life expectancy table change?

This might be a stupid question, but I can't seem to find the answer. Does the life expectancy table provided by the IRS for RMDs get updated occasionally? If so, do we calculate future RMDs (obviously can't be calculated yet) based off the table at that time, or the table at the time of starting to...
by bostondan
Fri Sep 29, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 4225

Re: Should I get a New Mac or Macbookpro?

Honestly, I dislike my new Macbook Pro 15" with Touch Bar. The touch bar is really useless to me. I type without looking at the screen, so it is of no utility to me unless I want to start looking down to do things. It changes per app, so there is no way easy to memorize the position of buttons. The ...
by bostondan
Fri Sep 29, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8923

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

1. I like if my doctor was selected as a chief resident during Internal Medicine residency. It means that a substantial number of people who were observing this person closely in training felt that he or she was of the highest caliber. The doctor might still be bad and just fooling people, but it i...
by bostondan
Wed Sep 27, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8923

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

Bostondan gives great insight. As a surgeon, I would like to clarify the concept of "chief resident" as it is very different in surgical specialties compared to medical specialties. In some medical specialties, the chief resident is an administrative position where a resident who has otherwise fini...
by bostondan
Tue Sep 26, 2017 9:30 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8923

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

I am a cardiology fellow currently at a highly-ranked academic hospital. I practiced as a hospitalist briefly before that at a different Crimson-themed Boston hospital. I have a complete non-evidence-based method for who I select as a physician. It probably isn't particularly helpful for most people...
by bostondan
Sat Sep 23, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1460

Re: Merging inheritance with different asset allocation

Also, the cash is currently in a Roth IRA. Taking out more than the RMDs isn't generally recommended unless the money is needed for spending, since there would be a loss of tax-free status and potentially some loss of liability protections. However, if he were to deposit withdrawals into a 529, he'...
by bostondan
Sat Sep 23, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1460

Re: Merging inheritance with different asset allocation

Sounds like you have a plan in mind now, but if it helps, what would your IPS (regardless of whether it's written or in your head) tell you to do x years from now when you would have "naturally" grown your portfolio to $3.3M? Good question. I think it would tell me to not change anything. I'll prob...
by bostondan
Thu Sep 21, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1460

Re: Merging inheritance with different asset allocation

I cannot tell what is going on here. It seems there are enough tax-advantaged assets that can be used to get the overall portfolio Asset Allocation inline with your desires without any capital gains or tax consequences, so that the taxable assets can be dealt with in a rationale tax-efficient manor...
by bostondan
Thu Sep 21, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1460

Merging inheritance with different asset allocation

We just completed the process of dividing the assets of my late mother between me and my sister. I am wondering about what strategy Bogleheads use for adjusting asset allocation in this situation where I will be merging a large amount of assets with a different AA. I will give general dollar amounts...
by bostondan
Tue Sep 12, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Presentation for medical residents, need suggestions about loan topic
Replies: 3
Views: 542

Presentation for medical residents, need suggestions about loan topic

I give an annual talk to the Internal Medicine residents about personal finance for the graduating resident. It is basically just a typical Bogleheads presentation with a few extra discussion points on disability insurance. I only very superficially bring up student loans, since it is difficult to g...
by bostondan
Tue Sep 12, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 26454

Re: Iphone X is $1000

I don't waste money on many things and save much more than necessary. I enjoy having a nice phone. I'll be getting it, knowing that it is a "waste" of money.
by bostondan
Sat Aug 26, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 100
Views: 8717

Re: Crashplan for Home ending service late 2018

I've been using CrashPlan for nearly 10 years. I'm disappointed that they are going away, but I don't believe they made any promise to us to never change. Businesses frequently pivot. It's just the way things are. I'm only slightly annoyed because I recommended them to so many people, so now they mi...
by bostondan
Sat Jul 15, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 1052

Re: Estate Planning-Question on Trust

Talk to your lawyer about one or more of your kids being trustee along with you now or in the future. That will make it far easier for them to step in if your and spouse are no longer able to manage your affairs. My sister and I were listed as trustees for my late mother and father's living trust. ...
by bostondan
Wed Jul 12, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 5171

Re: Jewelry insurance. Is it ever worth it?

OP, don't consider it an investment. Determine if you're risk averse enough to want insurance. We are, so we have it. A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the f...
by bostondan
Wed Jul 12, 2017 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 5171

Re: Jewelry insurance. Is it ever worth it?

A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the fact that she had separate insurance for the ring. HOWEVER, the insurance company said they do not cover misplacement, ...
by bostondan
Tue Jul 11, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 5171

Re: Jewelry insurance. Is it ever worth it?

A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the fact that she had separate insurance for the ring. HOWEVER, the insurance company said they do not cover misplacement, s...
by bostondan
Fri Jun 30, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 6697

Re: Robocalls! -- current best call blocker?

Supposedly if you pick up the call, wait 3 seconds in silence, and then hang up, it charges them a little bit of $ and eventually they will add you into their systems and quit calling. I just started trying this with any unknown numbers so I'll report back if it works. I used to try this. It didn't...
by bostondan
Fri Jun 30, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 6697

Re: Robocalls! -- current best call blocker?

Reading this article may give some clue as to why we are fighting an impossible enemy :annoyed He made 1 million robocalls every day and almost 44,000 an hour. "Miami man accused of making 96 million robocalls now faces $120 million fine" http://www.miamiherald.com/news/local/community/miami-dade/a...
by bostondan
Fri Jun 30, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3686

Re: Engagement Ring Insurance

I agree that it does not need to be insured. I previously insured my wife's $10k ring for $150/year, but decided to stop this year for the following reasons: 1. If the ring were lost or stolen, and not insured, would it hurt me financially to replace it? No. 2. If the ring were lost or stolen, and n...
by bostondan
Fri Jun 30, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 6697

Re: Robocalls! -- current best call blocker?

I recommend RoboKiller for iPhone. It's $0.99/month. I tried Nomorobo, Hiya, Mr. Number (appears to be the same company as Hiya now), and some others as well. They all use CallKit to block the calls on the iPhone. You can't tell when a call has been blocked unfortunately, so it's hard to know if it ...
by bostondan
Thu Jun 01, 2017 3:38 am
Forum: Investing - Theory, News & General
Topic: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?
Replies: 52
Views: 5287

Re: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?

I don't believe there are any ETFs that currently exist. They have been rejected so far. The only option is to buy direct. If an ETF did exist, I might be willing to buy $10k just for fun. The cryptocurrencies are complicated and I don't want to take the time to understand them enough to buy directl...
by bostondan
Wed May 31, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 3015

Re: Do you have a bucket to pay your mortgage or pay from core?

I don't think you need a separate checking account. It will just make your life more confusing. However, I do actually have three checking accounts, but for good reason: 1. Joint checking account with my wife. Used for all typical expenses. 2. Joint checking account with my sister. Used for taking d...
by bostondan
Wed May 31, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Nephews play football - don't want to encourage this
Replies: 45
Views: 3842

Re: Nephews play football - don't want to encourage this

I don't blame you. I grew up thinking my mom was ridiculous because she refused to let me play football. Now, decades later, having gone to medical school at BUSM where the CTE (chronic traumatic encephalopathy) center was established, I realize she was right. She was wrong about a lot of other neur...
by bostondan
Wed May 31, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to seize wealth management industry with its digital platform
Replies: 3
Views: 1342

Re: Vanguard to seize wealth management industry with its digital platform

Hooray for Vanguard. But I still don't see paying an AUM fee as a good way to buy financial planning advice. A straight fee for service or hourly rate would be a far better deal for the consumer. Most of the time the AUM fee pays the advisor for doing exactly nothing. I agree. I wish they would at ...
by bostondan
Wed May 31, 2017 4:52 am
Forum: Investing - Theory, News & General
Topic: Does your username at fidelity.com get hidden?
Replies: 12
Views: 1084

Re: Does your username at fidelity.com get hidden?

Yes, this happens with my username. I hate it because the usernames for me, my wife, and my sister all end the same (beginning of our last name). I manage all of our accounts. The result is that I never know which username is prefilled and often enter the wrong password. I solved this issue by becom...
by bostondan
Tue May 30, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: TLH funds for my portfolio situation?
Replies: 7
Views: 572

Re: TLH funds for my portfolio situation?

I'll add one other thing. Some people don't think wash sales apply to 401ks because the IRS does not specifically mention them, only IRAs. I believe the logic also has something to do with the fact that you don't have full control over what limited investments are available in the 401k, so maybe it ...