Search found 439 matches

by FBN2014
Mon Oct 15, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Switching from ACA to Medicare
Replies: 27
Views: 2773

Re: Switching from ACA to Medicare

While you early retirees kept your income low to take advantage of govt ACA subsidies, I hope you've thought ahead to age 70.5 RMDs and what they will do to your tax bracket while also taking SS at the same time. For those with a lot of money in their TIRAs, the low income years are the best time t...
by FBN2014
Sun Oct 14, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Switching from ACA to Medicare
Replies: 27
Views: 2773

Re: Switching from ACA to Medicare

Well I knew someday marrying a slightly older woman would come in handy. Only six years older, but I guess when I buy an ACA policy upon retirement, I will put it in my name, she can drop off when she hits 65, with me remaining as primary for a few more weeks :-) Hopefully by then this will be stre...
by FBN2014
Sat Oct 13, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 33092

Re: free dinner investing seminar

mickeyd wrote:
Sat Oct 13, 2018 12:27 pm
I've attended dozens of these shows during that last 10 years (for entertainment purposes only) but none laity, though I still receive the occasional invite in the mail.

Enjoy the meal, but don't drink the Kool-Aid.
mickeyd, did you ever go to one at McDonald's? :D
by FBN2014
Sat Oct 13, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Switching from ACA to Medicare
Replies: 27
Views: 2773

Re: Switching from ACA to Medicare

You have to be very careful when you have an ACA plan and you are going on Medicare. If you talk to SS, ACA exchange rep, or the insurance carrier you will get confusing and conflicting information. If you don't do the sign up for Medicare correctly then it will cost you big time if you are receivin...
by FBN2014
Sat Oct 13, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 33092

Re: free dinner investing seminar

appointments. The pitch is always for annuities. One advisor asked me to leave when I told him that I subscribe to the Bogle investing philosophy. Was this at the dinner or a follow up appointment? It varies. The ones that tell you upfront at the dinner aren't trying to hide anything. The others al...
by FBN2014
Fri Oct 12, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 33092

Re: free dinner investing seminar

appointments. The pitch is always for annuities. One advisor asked me to leave when I told him that I subscribe to the Bogle investing philosophy. Was this at the dinner or a follow up appointment? It varies. The ones that tell you upfront at the dinner aren't trying to hide anything. The others al...
by FBN2014
Fri Oct 12, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 33092

Re: free dinner investing seminar

Gus wrote:
Fri Oct 12, 2018 8:45 am
Any tips on how to get invited to these seminars? I just turned 50 this year. Is it just a matter of time now?
Your just a pup! 😁 When you get closer to 59 1/2 then you'll get the invites. That's when they want you to rollover your 401K and IRAs into an annuity.
by FBN2014
Fri Oct 12, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 33092

Re: free dinner investing seminar

At the end when he was issuing his altar call free consultation invite, he actually suggested that there are three types of people who should probably not schedule a meeting. I can't remember the third, but I was two of them. "If you just looked at the invite and thought you would like to get a fre...
by FBN2014
Fri Oct 12, 2018 4:12 am
Forum: Investing - Help with Personal Investments
Topic: Charting and performance software
Replies: 0
Views: 136

Charting and performance software

Does anyone know of a software tool where you can track the day to day performance of multiple mutual funds. The tool would show moving average information, daily, monthly, and yearly performance. Hopefully it is a low cost or free tool. Thanks
by FBN2014
Wed Oct 10, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7442
Views: 1557598

Re: U.S. stocks in freefall

David Stockman is celebrating.
by FBN2014
Sat Oct 06, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10483

Re: Alan Roth doesn't like single premium annuities

I would like to see Roth debate Tom Hegna on the use of annuities. That would be fun to watch.
by FBN2014
Fri Oct 05, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7442
Views: 1557598

Re: U.S. stocks in freefall

Quick question about what is going on in the stock market. New to the investing scene and trying to learn as much as I can. I am not planning on making any changes as a result of a down day on the stock market, but I would like to understand why others are selling today. Wasn’t the jobs report over...
by FBN2014
Fri Oct 05, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Vanguard and Fidelity newsletters
Replies: 0
Views: 238

Vanguard and Fidelity newsletters

Does anyone subscribe to Dan Weiner's Vanguard newsletter or Jim Lowell's Fidelity newsletter? Opinions?
by FBN2014
Thu Oct 04, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: 401K Choice Advice Please
Replies: 6
Views: 541

Re: 401K Choice Advice Please

Would you go with the traditional 401K or Roth 401K? Household income is 80-90K.
by FBN2014
Wed Oct 03, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Choice Advice Please
Replies: 6
Views: 541

401K Choice Advice Please

What asset allocation would you recommend for a 31 year old. There are additional Target Date funds but I only included those applicable to an anticipated retirement date. These are the choices available with expense ratio fees: Stable Value MetLife Stable Value Fund Series 25157 - Class 0 0.62% Mon...
by FBN2014
Mon Oct 01, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 21
Views: 1259

Re: Struggling with Medicare Plan G vs Plan N

All of the Plans offer the same coverage no matter which company administers the plan. So Plan G from Blue Cross Blue Shield is exactly the same as Plan G from Mutual of Omaha. The only difference is the premium. So who do you go with? A company that has good reviews for customer service, pays claim...
by FBN2014
Mon Oct 01, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 21
Views: 1259

Re: Struggling with Medicare Plan G vs Plan N

The initial plan you choose has no medical underwriting. If you switch later you will have to go through underwriting. Choose wisely with a company that has been in the Medicare market a long time.
by FBN2014
Sun Sep 30, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 70
Views: 9184

Re: Moneytalk with Bob Brinker coming to an end

His advice in the 90's was solid quality basic good advice /quote]

Everyone made money in the 90's. I agree he never mentioned funds he favored. Had to buy the newsletter for that. I used to listen to the Mutual Fund Store show which was much better.
by FBN2014
Sun Sep 30, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3761
Views: 1069446

Re: What Movie Have You Recently Watched?

'14 Back" Great movie if your a baseball fan. All about the 1978 collapse of the Red Sox who held a 14 game lead over the Yankees going into September and then lost the division title in a one game playoff. Bucky Dent a journeyman player hit a 3 run homer to crush the Sox.
by FBN2014
Sun Sep 30, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Minimize tax liability with inherited annuity via a Trust
Replies: 6
Views: 636

Re: Minimize tax liability with inherited annuity via a Trust

... a combination of a SPIA and life insurance can be used to totally eliminate the taxes due at death. ... Wouldn't buying both life insurance and an annuity be like betting on both teams in the same game? Wouldn't you come out even minus the transaction costs? How is either one relevant to the ta...
by FBN2014
Sun Sep 30, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Minimize tax liability with inherited annuity via a Trust
Replies: 6
Views: 636

Re: Minimize tax liability with inherited annuity via a Trust

This issue is the big problem with annuities that accumulate large gains. All gains are ordinary income when distributed either during life by the owner or at death to the beneficiaries. There are insurance carriers that allow stretch distributions over the lifetime of the beneficiaries or over a 5 ...
by FBN2014
Sat Sep 29, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 92
Views: 17260

Re: Why Edward Jones?

There was a thread about EJ a few months ago also.

viewtopic.php?f=2&t=256810
by FBN2014
Sat Sep 29, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 70
Views: 9184

Re: Moneytalk with Bob Brinker coming to an end

Same here, good show. His model portfolios not so good.
by FBN2014
Sat Sep 29, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Kudos for passive investors
Replies: 4
Views: 856

Kudos for passive investors

More evidence that even in a bull market passive beats active. Just in case anyone needs affirmation that they are investing correctly.

https://www.wsj.com/articles/stock-pick ... 1538218801
by FBN2014
Mon Sep 03, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Old trusts and step up in basis
Replies: 10
Views: 872

Re: Old trusts and step up in basis

No remedies that I know of once the trust becomes irrevocable. Gill Don't QTIP trusts step-up the basis upon the death of the surviving spouse? For other irrevocable trusts, I believe assets can be distributed in-kind to remainder beneficiaries. So no tax due when trust is dissolved. Remaindermen m...
by FBN2014
Mon Sep 03, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Old trusts and step up in basis
Replies: 10
Views: 872

Re: Old trusts and step up in basis

No surviving spouse, beneficiaries are the children. I'm wondering if the trust was decanted with a power of appointment provision if that would allow the step up for the next in line beneficiaries.
by FBN2014
Mon Sep 03, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Old trusts and step up in basis
Replies: 10
Views: 872

Old trusts and step up in basis

Family trusts created as a result of the death of a grantor who had a revocable living trust received a step up in basis at the grantors death. When the trust beneficiary dies my understanding is that. there is no step up for the remainder beneficiaries. Are there any remedies for these old trusts s...
by FBN2014
Sat Aug 25, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "75 Must-Know Statistics About Long-Term Care"
Replies: 31
Views: 5879

Re: Christine Benz: "75 Must-Know Statistics About Long-Term Care"

Sobering statistics. I surely don't want to burden my children with taking care of us if we become too frail or ill to live independently. I have been looking at purchasing a hybrid LTCi policy from three carriers: Nationwide, One America, or Lincoln Financial. All have a return of premium if you wa...
by FBN2014
Sat Aug 25, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9316

Re: Vanguard as trustee

... There is a very good publication on the website on provisions to include in a trust. One of the items mentioned is the inclusion of incentive language in the trust. I am curious to hear from attorneys and trust officers who contribute to the forums whether incentive language in trusts is common...
by FBN2014
Sat Aug 25, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9316

Re: Vanguard as trustee

https://riverviewtrust.com/we-can-help/investment-management-planning/ I don’t have a copy of the portfolios, but I looked over several and they are almost exclusively Vanguard, Fido, and DFA funds. There is a very good publication on the website on provisions to include in a trust. One of the item...
by FBN2014
Sat Aug 25, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Young Pharmacist With No Clue What To Do
Replies: 32
Views: 3173

Re: Young Pharmacist With No Clue What To Do

You mentioned that you follow Dave Ramsey. As you know he advocates paying off debt before doing any investing. With your income you should be able to do that in a few years if you live a spartan lifestyle. In the meantime, I would contribute up to the match on the 401K using the Roth option if your...
by FBN2014
Sat Aug 25, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9316

Re: Vanguard as trustee

We recently updated our estate plan and changed from Vanguard to a local trust company. As our estate got more complex we discovered some of Vanguard's inflexibility in this department. Our local trust company charges 1% up to $3 million and 0.6% thereafter. This is an all inclusive fee including t...
by FBN2014
Sat Aug 25, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Financial education for kids
Replies: 14
Views: 844

Re: Financial education for kids

I would contact Vanguard, T Rowe. Price, Fidelity, and Schwab. Years ago when my kids were in elementary school, they had educational materials geared towards them. Perhaps they still are doing that.
by FBN2014
Sat Aug 25, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Question for Social Security experts
Replies: 13
Views: 1734

Question for Social Security experts

I heard a financial advisor state that anyone born in 1953 or earlier can use a restricted application to file for Social Security payments. I have not taken my SS yet. I am 65 born in 1953, wife 64. She doesn't have 40 credits to claim her own SS. I want to delay claiming as long as I can so I can ...
by FBN2014
Sun Aug 19, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8816

Re: Edward Jones rep door knocking

Here's what happens nowadays when someone knocks on your door. Hilarious but true.

https://youtu.be/0Swzvm-gXHg
by FBN2014
Sat Aug 18, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8816

Re: Edward Jones rep door knocking

Yeah, this is how I met the local EJ rep years ago. She came by and knocked on the door one evening. She was a nice, attractive younger lady and we just talked about various things for a few minutes and then she left me her card and told me that if I needed any help with investments to give her a c...
by FBN2014
Sat Aug 18, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8816

Re: Edward Jones rep door knocking

For safety purposes my wife and I never answer a knock/ring at the door unless we are expecting someone and have verified through the peephole that it is that person. Unless it is a police officer in uniform and the marked car is outside. Normally my wife insists that we don't answer unsolicited do...
by FBN2014
Sat Aug 18, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8816

Re: Edward Jones rep door knocking

FBN2014, You can move to a gated community to curtail such visits. We have one gated community in my town. I know the code, though. I suspect everyone does. The EJ door to door is part of the initiation to become a sales droid. http://kronstantinople.blogspot.com/p/edward-jones-saga.html After read...
by FBN2014
Sat Aug 18, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8816

Edward Jones rep door knocking

I just experienced a first. An Edward Jones rep knocked on my door trying to convince me that Edward Jones can tell the future and that they have all sorts of good ideas on how to beat the market, haha. Times must be tough for these full commission brokers that they are resorting to this type of col...
by FBN2014
Sat Aug 18, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13906

Re: Remind me (again) how real estate isn't a GREAT investment?

Real estate investing has been very good to me. I don't subscribe to the buy and hold model because I don't want to deal with tenants and toilets. Rather I have used the 3 F model. Find, Fix, and Flip. Buy older homes that need updating, do the cosmetic repairs necessary to increase the value and th...
by FBN2014
Sat Aug 18, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Yogi said it. It must be true.
Replies: 21
Views: 2642

Yogi on Investing

[merged this and its replies into the existing thread - moderator prudent]

Yogi Berra has been quoted many times in the forums but a recent article by Vanguard really highlights how wise he was.

https://investornews.vanguard/major-lea ... al-errors/
by FBN2014
Fri Aug 17, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

I checked and Schwab will still serve as administrative trustee with someone else responsible for investment management. In the past, they said that this someone had to be part of their advisor network. I did not see that this time. If they would do the admin work, long term, presumably staying in ...
by FBN2014
Fri Aug 17, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

I checked and Schwab will still serve as administrative trustee with someone else responsible for investment management. In the past, they said that this someone had to be part of their advisor network. I did not see that this time. If they would do the admin work, long term, presumably staying in ...
by FBN2014
Thu Aug 16, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

Thanks. Looks like about "industry standard," if there is such a thing. The fact that several of the funds listed on their website have ER's in excess of .5% would concern me. To the point of this thread, it still might require specific trust language to ensure Boglehead investing strategies. I don...
by FBN2014
Thu Aug 16, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

I would check into Members Trust Company which is a national trustee owned by credit unions. I spoke with them and they use low cost index funds and ETFs in different types of asset allocations, I.e. income, conservative, moderate, aggressive. If you want a copy of the information they sent me just...
by FBN2014
Thu Aug 16, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

I would check into Members Trust Company which is a national trustee owned by credit unions. I spoke with them and they use low cost index funds and ETFs in different types of asset allocations, I.e. income, conservative, moderate, aggressive. If you want a copy of the information they sent me just ...
by FBN2014
Thu Aug 16, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 44
Views: 5885

Re: Should I accept a large cash gift from my mother?

After being out of town for six weeks, I finally got a chance to sit down with my mother and it looks like the question has worked itself out, at least for now. I talked to her on the phone a few weeks ago, and she mentioned that she had opened another account because of FDIC limits. Apparently she...
by FBN2014
Sun Aug 12, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

If I were in the market for a trustee now I would contact Vanguard and Schwab and see how they reacted to a binding commitment to an all index 3 fund portfolio. Hopefully somebody will do this and report back. I am really curious what VG would say. With Vanguard, even if they will not commit to it,...
by FBN2014
Sat Aug 11, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3372

Re: Trust Investment Policy Statement

But my earlier comments were about the difficulty of finding trustees who would run an index fund portfolio. Vanguard was the only one stop shop I found that would do this. Interesting that Vanguard said they would use an index fund portfolio for you. They told me that although they could use index...
by FBN2014
Sat Aug 11, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 44
Views: 5885

Re: Should I accept a large cash gift from my mother?

They sell workbooks, titled charming ways like "Now That I'm Dead" that you can fill out to provide account numbers, insurance information, etc. While you might not want to shell out the $10 or so, it might be worthwhile to do something like this--have a computer or written file with all the pertin...