Search found 715 matches

by FBN2014
Fri Sep 18, 2020 7:26 am
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 14461

Re: Anybody else enjoy sitting around and doing little in retirement?

I’m enjoying it immensely. I sleep as long as I like, then sit around all morning reading and sipping coffee. I do some light household chores in the PM, and at night I read more and watch TV, usually news and old movies, no network TV. I listen to music too. Except for the chores I haven’t worked ...
by FBN2014
Mon Aug 17, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27217

Re: Just Bought an Annuity

After months of consideration, we pulled the trigger last month and bought an annuity policy from New York Life. We chose: - The premium of $250K because this is the limit the Texas Life & Health Insurance Guaranty Association would cover. - Single Premium Immediate Annuity (SPIA), Joint Life with ...
by FBN2014
Thu Jul 30, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 114
Views: 12392

Re: "The Steak Dinner Annuity Pitch"

With Covid, I was wondering what the new approach would be for their marketing. But I just got my first Dinner invite since Covid started. (No I'm not going, but it is at a nice place). Anyone else starting to get invites again? Kind of surprised as numbers are increasing in my area. I get inundate...
by FBN2014
Wed Jul 29, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 265
Views: 16730

Bogle would not be doing this

[Merged into the existing discussion, topic remains locked. -- moderator oldcomputerguy]

Very dissapointed to see Vanguard eliminating jobs in these trying times.

https://www.inquirer.com/news/vanguard- ... 00729.html
by FBN2014
Tue Jul 21, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27217

Re: Just Bought an Annuity

^Nationwide Monument Advisor is an IOVA, or Investment Only Variable Annuity. It is nothing at all like the Jackson Perspective II, which is the one I was discussing. It has absolutely no additional bells or whistles, like a GMWB or enhanced death benefit. Plus, considering that is designed to be s...
by FBN2014
Tue Jul 21, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27217

Re: Just Bought an Annuity

- It pays out 6% indefinitely because it's in the contract. They are contractually obligated to pay 6% on the income base, which is the GREATER of the "premium" ($100k) or the high-water-mark of the portfolio value. - The death benefit is usually either the contract value, or in the case of Jackson...
by FBN2014
Mon Jul 20, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27217

Re: Just Bought an Annuity

by FBN2014
Thu Jul 16, 2020 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Who has long term care insurance?
Replies: 119
Views: 6070

Re: Who has long term care insurance?

I just applied for LTCi yesterday for wife and I. 100K deposit for each policy into a return of premium plan. In 15 years there is a 600K pool to use if needed. In 20 years 800K+ pool. This is for each policy. If LTC is never needed then the original 100K is returned as a death benefit or anytime af...
by FBN2014
Thu Jun 25, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 73
Views: 5015

Re: How to ensure POA is acting in best interest of grantor?

Sorry this update has taken so long... lesson #1 is nothing seems to move fast in the legal world! So here's current status... we did retain a lawyer, who agreed that a) we should have standing, and b) my sister did not appear to living up to her responsibilities (co-mingling funds, using Mom's mon...
by FBN2014
Sun Jun 14, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Calculator showing effect of advisory fees
Replies: 6
Views: 545

Re: Calculator showing effect of advisory fees

Is there a calculator that will also incorporate an annual withdrawal rate of 4% along with ongoing advisor fees to show the net value?
by FBN2014
Sun Jun 14, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Calculator showing effect of advisory fees
Replies: 6
Views: 545

Calculator showing effect of advisory fees

Does anyone know of a calculator that can show the effect over time of using a traditional advisor that charges fees in excess of 1%. I am trying to show a friend all the money he is wasting with his advisor.
by FBN2014
Thu May 21, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustee
Replies: 4
Views: 267

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: 267

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: 69
Views: 7769

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: 4961

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: 4961

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: 455

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: 410

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: 2990
Views: 1906937

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: 2990
Views: 1906937

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: 6149

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: 471

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: 471

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: 2891

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: 434

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: 8525

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: 8525

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: 87
Views: 9593

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: 69
Views: 7769

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: 348

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: 4062

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: 76
Views: 17108

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: 274

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: 274

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: 23562

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: 2041

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: 1767

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: 23562

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: 23562

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: 11120

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: 11120

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: 69
Views: 7769

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: 2700

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: 277

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: 439

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: 1364

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: 657

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...