Search found 704 matches

by FBN2014
Thu May 21, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustee
Replies: 4
Views: 241

Re: Successor Trustee

Is it legal for a trustee to appoint a successor trustee when the successor trustee is also a remainderman of the trust when the beneficiary dies? The original trustee currently manages the trust for a beneficiary who is a sibling. The successor trustee is the daughter of the trustee. Would this ar...
by FBN2014
Thu May 21, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Successor Trustee
Replies: 4
Views: 241

Successor Trustee

Is it legal for a trustee to appoint a successor trustee when the successor trustee is also a remainderman of the trust when the beneficiary dies? The original trustee currently manages the trust for a beneficiary who is a sibling. The successor trustee is the daughter of the trustee. Would this arr...
by FBN2014
Sat Apr 25, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 66
Views: 6941

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

Look into remote notarization or remote online notarization. Your state may support that. Make sure you have up-to-date information on your state because some states may have instituted it recently in response to the epidemic. I am assuming your relative is still competent. I guess there is no nota...
by FBN2014
Wed Apr 15, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 56
Views: 4758

Re: Setting up Will, do we need trust?

Can 401K/IRA completely bypass a will and trust? Will & trust split things evenly between children -- but a 401K could leave a very significant amount of money to non-children -- with no will/trust to contest? Your 401K/IRA is distributed at death by beneficiary designation which is usually an indi...
by FBN2014
Wed Apr 15, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 56
Views: 4758

Re: Setting up Will, do we need trust?

Can 401K/IRA completely bypass a will and trust? Will & trust split things evenly between children -- but a 401K could leave a very significant amount of money to non-children -- with no will/trust to contest? Your 401K/IRA is distributed at death by beneficiary designation which is usually an indi...
by FBN2014
Tue Apr 07, 2020 7:21 pm
Forum: Personal Investments
Topic: Bank bonus promotions
Replies: 2
Views: 406

Bank bonus promotions

I see where many banks are running promotions such as open a savings account for 3 months with $20,000 and they pay you $500. Does anyone have a source that lists all these offers throughout the country? Seems like a good way to make some easy money.
by FBN2014
Tue Mar 31, 2020 3:16 pm
Forum: Personal Investments
Topic: Critique My Portfolio
Replies: 5
Views: 394

Critique My Portfolio

67 years old, 40/60 allocation as follows: US Stocks Target = 26% Vanguard Total Stock Market VTI = 16.73% iShares SmallCap Value Index IJS = 5.55% Vanguard REIT VNQ = 3.72% International Stocks Target = 14% Vanguard European Index VGK = 3.96% Vanguard Pacific Index VPL = 3.96% DFA International Sma...
by FBN2014
Sun Mar 29, 2020 8:42 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2828
Views: 1854632

Re: The Three-Fund Portfolio

So if I decided to go with the LifeStrategy Growth fund it would be the same as the Three-Fund portfolio, except that it adds the Vanguard Total International Bond Index. Isn't this increasing diversification and thus improve my portfolio? I think LifeStrategy Growth is fine, the fund is very diver...
by FBN2014
Sun Mar 29, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2828
Views: 1854632

Re: The Three-Fund Portfolio

So if I decided to go with the LifeStrategy Growth fund it would be the same as the Three-Fund portfolio, except that it adds the Vanguard Total International Bond Index. Isn't this increasing diversification and thus improve my portfolio? I think LifeStrategy Growth is fine, the fund is very diver...
by FBN2014
Sat Mar 14, 2020 8:30 am
Forum: Investing - Theory, News & General
Topic: Why are bonds falling?
Replies: 236
Views: 5673

Why are bonds falling?

Aren't bond values supposed to go up as interest rates fall? Can someone explain why that is not happening now?
by FBN2014
Thu Mar 12, 2020 9:35 am
Forum: Investing - Theory, News & General
Topic: Rebalance now or wait
Replies: 5
Views: 457

Re: Rebalance now or wait

Why do you say that the market still has a long way to fall? Doesn't it also have a lot of potential to go up? I assume that, when the market is open, that it is priced reasonably based on what we know. Well, I think the market is reacting to an existential event, the virus, and this event isn't go...
by FBN2014
Thu Mar 12, 2020 9:21 am
Forum: Investing - Theory, News & General
Topic: Rebalance now or wait
Replies: 5
Views: 457

Rebalance now or wait

I rebalanced a few months ago before the recent downturn because I was over weighted in equity due to the great returns in 2019. My target allocation is 40/60. Now I am over weighted in bonds and am wondering if I should be rebalancing now or wait since it appears the market still has a long way to ...
by FBN2014
Mon Mar 09, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being lead down a bad road- Fixed Index Annuities
Replies: 44
Views: 2828

Re: Am I being lead down a bad road- Fixed Index Annuities

Just some general advice for anyone also tempted with a free steak dinner to buy an annuity. Always ask the salesman what are the contractual guarantees in the annuity contract. He/she will show you all sorts of pie in the sky illustrations but that is just marketing fluff. What counts is the guaran...
by FBN2014
Mon Mar 09, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: Free Financial Apps
Replies: 4
Views: 425

Free Financial Apps

What free financial apps do you find useful on your phone and why?
by FBN2014
Mon Mar 02, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Natl. Trust Co. - Limitations
Replies: 82
Views: 8389

Re: Vanguard Natl. Trust Co. - Important Information

Gill and bsteiner, From your professional experience you know what corporate trustees generally do and how well. The rest of us are guessing. For my situation needing a successor trustee that would carry on a trustee for trusts for my heirs: I worry about exactly the kind of beneficiary service tha...
by FBN2014
Mon Mar 02, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Natl. Trust Co. - Limitations
Replies: 82
Views: 8389

Re: Vanguard Natl. Trust Co. - Important Information

Gill and bsteiner, From your professional experience you know what corporate trustees generally do and how well. The rest of us are guessing. For my situation needing a successor trustee that would carry on a trustee for trusts for my heirs: I worry about exactly the kind of beneficiary service tha...
by FBN2014
Sat Feb 08, 2020 6:51 pm
Forum: Investing - Theory, News & General
Topic: [Professor Jeremy Siegel says 75/25 in retirement]
Replies: 63
Views: 5536

Professor Jeremy Siegel says 75/25 in retirement

[Thread merged into here, see below. --admin LadyGeek]

Does his recommendation make any sense?

https://www.cnbc.com/2020/02/08/wharton ... ymore.html
by FBN2014
Mon Jan 20, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 66
Views: 6941

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

Another reason many financial firms probably want you to sign their version of the POA is because your POA may be an old one that has been updated with a newly named POA but if the old POA is trying to do something shady (disgruntled family member stealing funds) by using the old POA then there is n...
by FBN2014
Sun Jan 19, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes
Replies: 1
Views: 343

Estimated Taxes

When is the first payment for estimated taxes for 2020 due?
by FBN2014
Tue Dec 31, 2019 8:59 am
Forum: Investing - Theory, News & General
Topic: [Announcement for upcoming 2020 Boglehead Contest]
Replies: 73
Views: 3939

Re: 2020 Boglehead Contest

"It's tough to make predictions, especially about the future." - Yogi Berra
by FBN2014
Mon Dec 30, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 74
Views: 16327

Re: Review of tax software for trusts and estates

SUP, I don't think much has changed since my original post. I have been using TurboTax for trusts for the past 3 years and entries are so easy that I would never switch. The support on the TurboTax community forum is excellent if you have questions. Just suck it up and carry on. Not worth switching ...
by FBN2014
Mon Dec 30, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustee
Replies: 3
Views: 267

Re: Successor Trustee

You should read the terms of the trust in the trust document. It should specify if a successor trustee can be named and who is authorized to select a successor. The naming of a successor may have certain conditions or require certain approvals. Some trusts might require that the beneficiaries (if c...
by FBN2014
Mon Dec 30, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustee
Replies: 3
Views: 267

Successor Trustee

I have been trustee for a sibling's trust for 6 years. I want to set up a successor in advance in the event I become incapacitated or die suddenly. I don't want the successor to serve concurrently with me, only in the case where I cannot serve. Once the successor trustee comes into play how do I kno...
by FBN2014
Sun Dec 29, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23302

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

I would only contribute to Roth accounts after the law goes into effect. No tax on any distributions.
by FBN2014
Tue Dec 24, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Updating Wills and Trust
Replies: 18
Views: 2012

Re: Updating Wills and Trust

Tax law pertaining to estates has changed from 15 years ago. I would definitely have a qualified estate planning attorney review.
by FBN2014
Tue Dec 24, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Want to do my taxes by hand for once - how do you know which forms you will need?
Replies: 26
Views: 1749

Re: Want to do my taxes by hand for once - how do you know which forms you will need?

Why would anyone go through the torture of doing tax returns manually? The most expensive TurboTax program is $119 at the big box stores. Save yourself from going insane and find a new hobby.😃
by FBN2014
Tue Dec 24, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23302

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

IMO use only a Roth IRA or Roth 401k. Taxable distributions make no sense under SECURE.
by FBN2014
Sat Dec 21, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23302

Inherited IRA new rules

[Thread merged into here, see below. --admin LadyGeek]

Under the new SECURE law are existing inherited IRAs that are using the stretch grandfathered to continue the stretch over the beneficiary's lifetime?
by FBN2014
Thu Nov 21, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 109
Views: 11034

Re: Equal Inheritance for Children

One of my children, "A," has graduated from college and is working a first job. I told A (who is a good saver) that I would match their Roth contribution. So A saved $3,000 for a Roth this year and I put in $3,000. The other child, "B," is not a saver. I have a separate brokerage account with B as ...
by FBN2014
Wed Nov 20, 2019 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 109
Views: 11034

Re: Equal Inheritance for Children

I have been struggling with a similar decision as to how to be fair to my two daughters regarding inheritance. I paid for both daughters' undergrad educations at state schools with similar expenses. I paid for both weddings. However daughter #2 decided to continue her education in grad school for an...
by FBN2014
Mon Nov 18, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 66
Views: 6941

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

The POA problem can be eliminated if your accounts are in trust and the trust has a disability provision where the successor trustee steps in if the grantor is disabled. The trust needs to spell out how a disability is determined, such as a doctor's statement. This is my understanding but I am not a...
by FBN2014
Wed Nov 13, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: Preparing for Your Best Retirement course
Replies: 14
Views: 2662

Re: Preparing for Your Best Retirement course

I considered signing up, but having attended several of his webinars and even getting my RIO Map from his group's $500 offer several years ago, I felt buying his latest book & going the DIY route was a better investment. Would have liked to get my hands of the calculators they promised, but have si...
by FBN2014
Fri Nov 08, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Medicare enrollment tool
Replies: 1
Views: 269

Medicare enrollment tool

Medicare recently revamped their Part D plan finder tool which makes it more difficult to determine the total costs of any plan to include premiums and drug costs. I found another tool which takes the data from Medicare and reformats it to make it simple to determine total costs. You can also view t...
by FBN2014
Thu Nov 07, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for Your Best Retirement course
Replies: 0
Views: 429

Preparing for Your Best Retirement course

Is anyone here considering enrolling in the Preparing for Your Best Retirement online course from Wade Pfau's firm? Tonight is the last night to enroll.
by FBN2014
Tue Nov 05, 2019 7:19 am
Forum: Investing - Theory, News & General
Topic: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas
Replies: 12
Views: 1320

Re: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas

What is the link to access all the podcasts that Rick has recorded?
by FBN2014
Mon Nov 04, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How should I structure this trust? (special needs child)
Replies: 7
Views: 642

Re: How should I structure this trust? (special needs child)

I have an autistic grandson so I understand the issues. You will need a special needs trust to supplement government benefits that your son will be eligible for in the event he cannot live independently or hold a job that pays a sufficient amount for living expenses. I would be extremely cautious ab...
by FBN2014
Mon Nov 04, 2019 9:46 am
Forum: US Chapters
Topic: Master Thread for RTP, North Carolina Bogleheads Chapter
Replies: 63
Views: 35626

Re: Master Thread for RTP, North Carolina Bogleheads Chapter

November meeting of RTP AAII group this Saturday. Bruce Johnstone from Fidelity will be speaking.
Details at http://aaiirtp.org/
by FBN2014
Fri Nov 01, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: 2019 Bogleheads Conference Notes
Replies: 25
Views: 5512

Re: 2019 Bogleheads Conference Notes

Are any other videos available from the 2019 conference?
by FBN2014
Fri Nov 01, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Preparing for Your Best Retirement course
Replies: 14
Views: 2662

Preparing for Your Best Retirement course

Is anyone here considering enrolling in the Preparing for Your Best Retirement online course from Wade Pfau's firm?
by FBN2014
Fri Nov 01, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Haven't received email from Equifax about settlement
Replies: 5
Views: 726

Re: Haven't received email from Equifax about settlement

When Lehman went bust I got $14 after losing $30,000 in AAA Lehman bonds. I went to Chick-fil-A for lunch. I wouldn't take any credit monitoring from Equifax. What makes anyone believe they will now safeguard your financial records?
by FBN2014
Fri Nov 01, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: November 1 Health Insurance Time again
Replies: 4
Views: 489

Re: November 1 Health Insurance Time again

If your health is good you can use a short term policy from United Healthcare for up to 3 years. No serious pre-existing conditions allowed like diabetes, heart disease, cancer, etc.. It cuts out all the mandates from the ACA. Premiums and deductibles are reasonable. If you take any meds then I woul...
by FBN2014
Wed Oct 30, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Security Benefit Annuity
Replies: 5
Views: 514

Re: Security Benefit Annuity

Security Benefit has a Comdex rating of 55 which is horrible. Even if she turns on the income I would have real concerns as to whether this company will be able to meet it's contractual obligations in the future. I would have a securities attorney look at the contract and the illustrations that were...
by FBN2014
Thu Oct 24, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: What happens if Nursing Home Medicaid recipient inherits money?
Replies: 6
Views: 1157

Re: What happens if Nursing Home Medicaid recipient inherits money?

What happens if someone is a long-term nursing home resident, paid for by Medicaid, and they inherit money? Will Medicaid (which I guess means the state, as I understand Medicaid is a federal program that is state-administered) confiscate all (or most) of it? The person has social security income b...
by FBN2014
Thu Oct 24, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1265

Re: ACA Open Enrollment With COBRA Ending

This is precisely it. Your health today has very little to do with the amount of things that can bankrupt you. Being hit by someone in an auto accident with no insurance or you being at fault and having no or low medical payments can bankrupt you rather easily. You can get a short term disaster pol...
by FBN2014
Tue Oct 15, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2949

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...
by FBN2014
Thu Oct 10, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2949

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...
by FBN2014
Thu Oct 10, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2949

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...