Search found 704 matches

by fourwheelcycle
Wed Nov 13, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: How do wills work (in a case like mine)
Replies: 17
Views: 1316

Re: How do wills work (in a case like mine)

What happens if you predecease your father? In my experience estate documents always name someone to perform the named individual's duties if that person is unable to perform them. My father's DPOA and will name one of my siblings as successor to perform each appointed role if I "die, become incapa...
by fourwheelcycle
Wed Nov 13, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How do wills work (in a case like mine)
Replies: 17
Views: 1316

Re: How do wills work (in a case like mine)

[...] Depending on your state, there may be no way to designate TOD recipients for your house or other real estate deeds, your vehicle titles, or the contents of your house. In that case, your daughter would still have to submit your estate to probate, by herself or with the help of an attorney. A ...
by fourwheelcycle
Wed Nov 13, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How do wills work (in a case like mine)
Replies: 17
Views: 1316

Re: How do wills work (in a case like mine)

I agree with others - I have never encountered financial accounts (except Vanguard's joint taxable accounts) that do not allow you to designate secondary beneficiaries. Regardless, if you die first with your wife as the primary beneficiary she will inherit everything, with no strings attached. That ...
by fourwheelcycle
Mon Nov 11, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 97
Views: 5506

Re: If you were forced to pick an alternative asset...

Marina slip. When we built our house for a total cost of about $65K in 1977 we had a small centerboard sailboat. We trailered it to a nearby (half hour drive) lake with very limited public access. The lake is beautiful and well known in our region. I realized public access would become more restric...
by fourwheelcycle
Sun Nov 10, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: What to put into Revocable Living Trust?
Replies: 8
Views: 1187

Re: What to put into Revocable Living Trust?

Our first wills, prepared when our children were young, put all of our assets, including our tax-deferred retirement accounts, into a single trust with provisions that the funds should be used to raise and educate our children, with any remaining funds distributed as equal shares when each child rea...
by fourwheelcycle
Sat Nov 09, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Do I Understand Safe Harbor rules correctly?
Replies: 27
Views: 2472

Re: Do I Understand Safe Harbor rules correctly?

For high earners you must have 110% of the total tax bill you owed last year withheld from your pay checks. ..... The exception is if you make 4 equal estimated payments on time. For 2019, TurboTax says "If your prior year's Adjusted Gross Income was greater than $150,000, then you must pay [by wit...
by fourwheelcycle
Wed Nov 06, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Re: Best month to take RMDs?

This thread proves you can always count on BHs to provide a diversity of advice! Several people pointed out picking a single month is still timing the market - I agree. Several people pointed out, with humorous jingles, there is no best month - I agree with them too. No one actually answered my ques...
by fourwheelcycle
Wed Nov 06, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Best month to take RMDs?

Last year I started my RMDs and took them the month I turned 70.5. This year my wife started her RMDs and we both took them the month she turned 70.5 - I hate to wrap my brain around RMDs more than once each year. Next year we can take our RMDs whenever we want to. I would like to take them at the D...
by fourwheelcycle
Tue Nov 05, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: First year QCD close to New Year's Eve
Replies: 11
Views: 695

Re: First year QCD close to New Year's Eve

My 70.5 birthday was also in December (last year). I was able to request QCD checks online through my Vanguard IRA account on my 70.5 birthday. Vanguard reported the QCDs as a distribution from my IRA on the same day. The checks were in my mailbox three days later! I believe the date reported to the...
by fourwheelcycle
Mon Nov 04, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any danger in having all my retirement in Vanguard?
Replies: 17
Views: 1484

Re: Any danger in having all my retirement in Vanguard?

We have 80% of of our savings at Vanguard and 20% at Fidelity - but our employer-related savings at Fidelity is invested 100% in Vanguard index funds. We use 2FA at Vanguard (via Google voice to Gmail (also 2FA) on our home computer, not via text to our cell phone number). Vanguard has a guarantee a...
by fourwheelcycle
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: 573

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

.... New guardian is 49, single with no children. He is also our sons godfather. He has committed to us that he will live with/support our son as long as necessary (assuming he is in good health). Questions: How do we structure this so that both guardian and kids are taken care of? Can the guardian...
by fourwheelcycle
Sat Nov 02, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: EverSafe and cognitive decline study
Replies: 13
Views: 1622

Re: EverSafe and cognitive decline study

...... financial account passwords should neither be shared nor used to circumvent the processes for settling an estate. I agree. Ninety percent of my father's savings is at Vanguard. I have full transaction authorization for his account, but Vanguard will lock the account when my father dies and n...
by fourwheelcycle
Fri Nov 01, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: EverSafe and cognitive decline study
Replies: 13
Views: 1622

Re: EverSafe and cognitive decline study

Be sure to get a power of attorney while he's able. My father did the same with me. But sadly, many older folks think they can still handle it themselves when they have lost the capacity. Right. My father designated me as his DPOA when he asked me to begin doing his taxes. He had previously designa...
by fourwheelcycle
Fri Nov 01, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: EverSafe and cognitive decline study
Replies: 13
Views: 1622

Re: EverSafe and cognitive decline study

It will be interesting to read your progress reports if you decide to participate in the study and use EverSafe's financial monitoring service. I looked at their website. I could not find any description of exactly how they obtain the information they use to monitor your finances, but it seems they ...
by fourwheelcycle
Thu Oct 31, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: Folks age between 65-70. What’s your exercise routine
Replies: 44
Views: 4457

Re: Folks age between 65-70. What’s your exercise routine

Age 71. Ride my bicycle outdoors all summer, six days per week, thirty minute loop with hills and heart rate 120 to 154. Ride indoors all winter, twenty minutes per day with heart rate 126 to 140. Do twenty minutes with dumbbells and rubber cords on M,W, F and similar time with floor exercises and s...
by fourwheelcycle
Sun Oct 27, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 3972

Re: Flagship clients no longer have a personal rep

but the one that bugs me is the loss of free TurboTax. That is a $20-25 benefit, tops. Hard to get excited about it. A lot of people get HR Block essentially free by taking advantage of the Amazon rebate offer that HRB offers every year. Are you Vanguard exec, rationalizing that your clients are ch...
by fourwheelcycle
Sun Oct 27, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 3972

Re: Flagship clients no longer have a personal rep

After I roasted them in a customer survey, I got a voice mail from my former designated rep where it said some things that were later proven to be false and he also said that he would again be my designated representative. Since then the few times i called, after a long pause I got a message that m...
by fourwheelcycle
Sat Oct 26, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 3972

Re: Flagship clients no longer have a personal rep

Personal reps at Vanguard is an interesting topic. When I call, perhaps four or five times a year, I am happy as long as the rep I get is knowledgeable and can answer my question or transfer me to a specialist who can help me. However, we do have an assigned personal rep and I am always pleased to s...
by fourwheelcycle
Thu Oct 24, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Question About Academic Scholarships
Replies: 11
Views: 530

Re: Question About Academic Scholarships

.... when an incoming freshman is awarded a generous scholarship based on ACT score and HS GPA, does the university actually get that scholarship money or is it a "discount"? So does the school make more $ off the kids who are paying full tuition than the kids that are awarded scholarships? I was o...
by fourwheelcycle
Thu Oct 24, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Teaching Resources?
Replies: 17
Views: 845

Re: Teaching Resources?

https://gflec.org///education/ Look at this web site for the George Washington University center for financial literacy. There are many programs that provide helpful resources, including a complete Personal Finance Course with detailed supporting materials. An example of the need for financial liter...
by fourwheelcycle
Mon Oct 21, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Retirement income streams
Replies: 10
Views: 2305

Re: Retirement income streams

Thanks for the responses. I threw in SS b/c it is available at 62 although at a reduced rate, therefore something for me to think about. I would not think about SS at age 62 unless you are certain SS is going to be greatly compromised before you turn 70, or you are certain you will not live until y...
by fourwheelcycle
Sun Oct 20, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Entrance Fee for Retirement Community
Replies: 39
Views: 5009

Re: Entrance Fee for Retirement Community

Before you select a 50% or 90% refundable entrance fee do some math and figure out the implied interest rate the retirement community is using to calculate the premium they are charging you for the refundable option. Use your actuarial life expectancy on the day you are going to pay the entrance fee...
by fourwheelcycle
Sun Oct 20, 2019 8:24 am
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7298

Re: what was vanguard like before the internet?

At some point, certainly by the end of the 1980s, [/b]everything switched to the internet and Vanguard closed their only physical office in our state. End of the 1980s? No, I was in the industry until 1990 and no one had websites. Way back machine shows 1997. Fidelity was first, and that was 1995. ...
by fourwheelcycle
Sun Oct 20, 2019 7:15 am
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7298

Re: what was vanguard like before the internet?

Landline phone and USPS mail. Vanguard had deposit slips. You mail a check and fill in the fund number on the deposit slip. Vanguard still has those fund numbers but most people don't refer to the fund numbers any more. If you wanted to check your balance or trade from one fund to another, you call...
by fourwheelcycle
Sun Oct 20, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 4153

Re: Deed fraud (on your home)- anyone have insight?

With due respect should not be a risk for homeowners. I had never heard of or worried about this risk. For now, I will assume jdb is correct and I will still not worry. We paid off our mortgage more than twenty years ago and we have never had any home equity loans. When we recently created a joint ...
by fourwheelcycle
Fri Oct 11, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 notice -- hard lesson (missing cost basis)
Replies: 35
Views: 3119

Re: IRS CP2000 notice -- hard lesson (missing cost basis)

About eight years ago I finally cleaned up our taxable savings account at Vanguard by selling a grab-bag of public utility stocks my SIL had bought for my wife during the early 1980s when her sister worked at a stock brokerage. The stocks were ultimately transferred to Vanguard, but Vanguard did not...
by fourwheelcycle
Mon Oct 07, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Security Error
Replies: 5
Views: 564

Re: Vanguard Security Error

The same thing happened to us a few years ago when we transferred our respective taxable accounts at Vanguard to a new joint revocable trust. I have always hated the extra step to get a medallion signature, and BoA has now stopped giving them at all. We were happy to see we could submit the required...
by fourwheelcycle
Sat Oct 05, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: Over Confident in Old-age: Cognitive Decline and Financial Literacy
Replies: 83
Views: 7822

Re: Over Confident in Old-age: Cognitive Decline and Financial Literacy

My wife and I have hoped to spare our two adult children from the details of our finances and estate plans until they are at least in their early fifties. To be honest, waiting until mid-80s is a truly terrible idea. I am really really glad my parents didn't do that. Looking back at our own lives, ...
by fourwheelcycle
Sat Oct 05, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: Over Confident in Old-age: Cognitive Decline and Financial Literacy
Replies: 83
Views: 7822

Re: Over Confident in Old-age: Cognitive Decline and Financial Literacy

My wife and I have hoped to spare our two adult children from the details of our finances and estate plans until they are at least in their early fifties. We want to let them live their lives and focus on their own families, jobs, and finances for as long as possible. If we make it that long we will...
by fourwheelcycle
Fri Oct 04, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6649

Re: If you use Vanguard (Brokerage), why do you stay?

We have all of our savings in just a few Vanguard index funds. We moved to Vanguard from MLPFS in the early 1980's to avoid account fees and high ERs, and to avoid constant marketing calls and mailings. We have always had good representative support at Vanguard and I have become accustomed to using ...
by fourwheelcycle
Sun Sep 22, 2019 7:22 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 10625

Re: How hard is it to get into college?

My wife and I have had a lot of experience with colleges and college admissions, including admissions committee membership and admissions interviewing. Looking back, I'd say the most important considerations are (1) develop a true interest in learning, which makes doing your best in school easier an...
by fourwheelcycle
Fri Sep 13, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8160

Re: Managing joint finances when one is a perfectionist

Gee, I think I've seen this topic before! We have been married for forty-four years with no financial stresses or problems. We have a joint bank account, joint credit cards, and a joint taxable savings account at Vanguard. We have separate employer-based retirement savings accounts and rollover IRA ...
by fourwheelcycle
Thu Sep 05, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Best way to collaborate on net worth/retirement goals?
Replies: 16
Views: 1900

Re: Best way to collaborate on net worth/retirement goals?

My wife and I have all of our taxable savings and rollover IRAs at Vanguard. We use Vanguard's aggregation service for outside linked accounts, Yodlee, to capture our BoA checking and savings accounts and our employer-based retirement accounts. With this approach we can see all of our savings on one...
by fourwheelcycle
Sun Sep 01, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 22498

Re: When was the most stressful financial time in your life?

Absolutely the most stressful financial time so far was being overseas on Friday, August 13, 1971, the day of the "Nixon shock"--taking the US off the gold standard with no warning and no time for preparation. ... I was a grad student, living on a stipend of USD $250/month .... I was stranded overs...
by fourwheelcycle
Sat Aug 31, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 16201

Re: What is your plan for the last few years of a long life?

Many responses to this thread have focused on finances, and I realize that is a concern for many people. Other responses have focused on the need to assure you are in some type of supportive setting, such as a reputable lifecare community, at the end of your life. That is the plan my wife and I are ...
by fourwheelcycle
Mon Aug 26, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: 529 Successor Account Owner
Replies: 2
Views: 318

Re: 529 Successor Account Owner

It's perplexing. We have set up 529s for our grandchildren. We named me as the account owner and our Joint Revocable Trust as the successor owner, which means my spouse will control the 529s if I die first. Our two adult children will become trustees of our JRT when the second of us dies. That will ...
by fourwheelcycle
Sun Aug 25, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8941

Re: Do you sacrifice to save?

Is this the way most Bogleheads did it or do people consciously cut back expenses and budget their money so they have enough to invest? That's the way we did it. We have never had a family budget. We started out as low income/no savings newlyweds and pretty much stayed with our same lifestyle as ou...
by fourwheelcycle
Wed Aug 21, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7396

Re: Are there advantages to being married to a teacher?

Are there advantages? Absolutely. Teachers are such nice people. Much more compassionate and sociable than I am. Also more attractive. And better educated! My wife is an endless source of stimulating conversation in general, and unlimited information regarding her field of expertise! My brother once...
by fourwheelcycle
Tue Aug 13, 2019 8:51 pm
Forum: Personal Consumer Issues
Topic: Do you "lock" computers in your home?
Replies: 77
Views: 5801

Re: Do you "lock" computers in your home?

whodidntante wrote:
Tue Aug 13, 2019 7:34 pm
I use full disk encryption on every drive, including removable drives. And I lock the computer when I'm not physically sitting at it.
+1 We do the same with our computers.
by fourwheelcycle
Tue Aug 13, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: [Does Vanguard have a process for handling customer feedback?]
Replies: 24
Views: 1778

Re: [Does Vanguard have a process for handling customer feedback?]

My wife and I have had 100% of our taxable savings and rollover IRAs at Vanguard for over thirty-five years. We have had excellent service overall and currently we have a fantastic personal representative who facilitates our interaction with other Vanguard specialists and advocates for us whenever n...
by fourwheelcycle
Sat Aug 10, 2019 6:28 am
Forum: Personal Consumer Issues
Topic: Please Help Me Find a Travel Group for My 70-Year-Old Mom
Replies: 43
Views: 3568

Re: Please Help Me Find a Travel Group for My 70-Year-Old Mom

Check out VBT bicycle or walking trips. We have done many, many of their bicycle trips. Airfare and all airport-hotel transfers can be included at a very good price, which makes VBT trips easy to book and navigate. There are usually about eighteen travelers and always two guides for each trip. Mostl...
by fourwheelcycle
Fri Aug 09, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2336

Re: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?

For three years, early in my career, I had an academic job where there were no sick day or vacation rules - none. My department chair said I, and others in our department, could take off as many days as we wished, with no advance review or approval, for any purpose, so long as we were able to comple...
by fourwheelcycle
Tue Aug 06, 2019 11:12 am
Forum: Personal Investments
Topic: Interesting Note on Bogleheads Podcast No. 004
Replies: 4
Views: 687

Re: Interesting Note on Bogleheads Podcast No. 004

.... what's the motivation for considering an extra 10% if the market levels off "down"? It would be nice to buy equities on "sale". I've never done it on a brief downturn for fear the market would go back up before Vanguard settled my TSM Index order, but if the market stayed down for awhile, and ...
by fourwheelcycle
Tue Aug 06, 2019 7:50 am
Forum: Personal Investments
Topic: Interesting Note on Bogleheads Podcast No. 004
Replies: 4
Views: 687

Interesting Note on Bogleheads Podcast No. 004

I just saw a post elsewhere about the Bogelheads Podcast https://bogleheads.podbean.com/ and listened to Episode 004, which reviewed Christine Benz' bucket approach, among other topics. I had heard of the bucket approach, but I thought it meant setting aside buckets for future expenses like college,...
by fourwheelcycle
Sat Aug 03, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: For long time retirees, do you use a spreadsheet?
Replies: 37
Views: 2929

Re: For long time retirees, do you use a spreadsheet?

In my early forties I developed my first Excel workbook with one sheet that listed all of our savings by institution, account number, and balance, for our personal and work-related savings. In my fifties I added a linked second sheet that projected our non-tax expenses, personal and work-related sav...
by fourwheelcycle
Thu Aug 01, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: any numismatists (coin collectors) out there?
Replies: 22
Views: 2464

Re: any numismatists (coin collectors) out there?

A few years ago I sold my dad's coin collection to Suzzanne Johnson at https://www.coinappraisal.org/. Suzzanne set up a video chat appointment with me using my iphone, gave me instructions for how to get organized in advance, and then looked over all the coins I had. If Suzzanne still does this ca...
by fourwheelcycle
Mon Jul 29, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: Your Favorite [Travel Destination] on Earth: Where and Why?
Replies: 184
Views: 21560

Re: Your Favorite [Travel Destination] on Earth: Where and Why?

This is a great thread - I am watching it for new places to visit. If my favorite place to go is the place I seem to go back to the most, my answer has to be Sedona and the Grand Canyon. In Sedona we love to hike up Cathedral Rock and rent Rubicon jeeps in the back country. At the Grand Canyon we lo...
by fourwheelcycle
Mon Jul 15, 2019 8:45 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2448

Re: Grandparent 529s

For what it's worth, I think 529's are a good way to go and they are not too restrictive. We are funding Nevada Vanguard 529s for each grandchild as they arrive. The 529s will remain in our name for now, but if the parents are eligible for college aid when the time comes all or part of each account'...
by fourwheelcycle
Thu Jul 11, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to Safely Share User IDs / Passwords with Spouse
Replies: 79
Views: 6855

Re: How to Safely Share User IDs / Passwords with Spouse

1Password, LastPass or Keepass are the options that many people use. The first two are commercial and better supported & more usable. I use 1Password and I love it. Unfortunately, my wife has no interest in learning to use new software just for her passwords. She writes the five or six passwords sh...