Search found 155 matches

by skeptical
Sun Jul 26, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: New Teen Driver Liability
Replies: 26
Views: 1819

Re: New Teen Driver Liability

If you have any reasonable assets that are not protected, and/or a decent income, you should take a serious look at umbrella, it is not a lot extra. This was definitely not my experience. Covering teen drivers under an umbrella entailed a significant increase. Although I may not like it, it should ...
by skeptical
Sat Jul 25, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: New Teen Driver Liability
Replies: 26
Views: 1819

Re: New Teen Driver Liability

So now our insurance for (2) cars and (3) drivers is now $5000 per year. DD is just a driver on our insurance and does not own a car. Also, at what age did your teens insurance finally come down to a more normal amount. ... We also had a discussion about adding an umbrella policy. That would requir...
by skeptical
Sat Jul 18, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

Agreed, but a lot of folks who don’t need a HNW policy are talked into getting one, and then complain about the premiums. Ironically, I went with PURE over a mass market insurer because it was actually cheaper, even with bumping the umbrella from $1M to $5M (which my old insurer would not do) and b...
by skeptical
Sat Jul 18, 2020 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

On another thread, this was posted by an attorney: The misinformation on this thread is legion. I have done plaintiff, defence, and in house work for insurance cos. The amount of insurance limits you buy almost certainly has no bearing with what kind of lawyer you are "buying" to defend a case. Thi...
by skeptical
Sat Jul 18, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

What do you expect your shadow attorney to do and why do you expect them to be more competent than whomever PURE decides to hire? PURE, unlike most places, allows you some choice in representation. For something of such significance for me and my family, I would like to have someone involved that i...
by skeptical
Sat Jul 18, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

I don't know if Nationwide is still aggressively pricing new business, or if they are in your area. It can't hurt to check! Thanks, I will check. What I am finding out is that agents who represent places like Plymouth do not handle PURE, Chubb, etc, and the reverse is also true. So it is difficult ...
by skeptical
Sat Jul 18, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

Whats the concern with umbrella coverage? Umbrella coverage provides additional liability insurance, and in some instances un/underinsured motorist insurance. It has nothing to do with replacing your house or anything like that. Unless you have a high value home (not just “price” but actual rebuild...
by skeptical
Fri Jul 17, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

If you think PURE is too expensive, note that there is competition among the HNW companies. A couple years ago I jumped from Chubb to Nationwide Private Client. I can definitely say those two policies were almost exactly the same with the same bells and whistles - and I saved a couple thousand doll...
by skeptical
Fri Jul 17, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

What do you pay now for auto? For umbrella? Umbrella is only $1,000 for $5M Car is $5,500 (two adults, two kids, three cars) You need the auto to have the umbrella. PURE is for high net worth individuals. PURE customers typically will price compare quotes with Chubb, Nationwide Private Client and A...
by skeptical
Fri Jul 17, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 51
Views: 2472

Umbrella Insurance: Plymouth Rock vs PURE ?

Hi, I currently have all my insurance through PURE, including car, umbrella, house, etc. Switched to them a number of years ago from Liberty Mutual because they had both better coverage and were cheaper. They are also supposedly a "premier" insurance company, whatever that means. They have been stea...
by skeptical
Wed Feb 26, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9928

Re: How Do you Exercise Indoors?

fishmonger wrote:
Wed Feb 26, 2020 4:56 pm
Agree that a rowing machine is my go to cardio machine.
+1

Cardio and full body workout (leaning towards legs), low impact.

I am partial to Concept2 Model D - professional equipment, will last forever. You can try them at most gyms.
by skeptical
Fri Feb 21, 2020 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Institutional trustee that permits self directed investments?
Replies: 7
Views: 578

Re: Institutional trustee that permits self directed investments?

My father passed last month and his trusts are being split into separate trusts for me and my siblings. My brother, who is trustee, intends to resign as trustee of each of our trusts. Dad's trust permits the beneficiary (me) to manage the investment of my trust funds but requires the trustee be an ...
by skeptical
Thu Feb 20, 2020 4:09 pm
Forum: Personal Investments
Topic: Choosing CA municpal bonds, go it alone or Schwab fixed income specialist?
Replies: 14
Views: 1477

Re: Choosing CA municpal bonds, go it alone or Schwab fixed income specialist?

I'm nearing retirement and would like to put cash into non taxable investments. I have some in SWKXX, the Schwab CA muni money market, but am wondering about choosing some individual bonds as well. I've visited the Schwab municipal bond page several times but find it daunting with all of the variab...
by skeptical
Mon Feb 03, 2020 9:29 pm
Forum: Investing - Theory, News & General
Topic: AQR 2020 Capital Market Assumptions (real return predictions)
Replies: 5
Views: 545

Re: AQR 2020 Capital Market Assumptions (real return predictions)

It's amazing how a paper could say "these are not predictions. They are uncertain. It is extremely likely they will be very wrong. Do not use them to time the market" yet readers still have the nerve to come out and say "well they were so wrong, their methodology is probably really bad, they need t...
by skeptical
Mon Feb 03, 2020 8:28 pm
Forum: Investing - Theory, News & General
Topic: AQR 2020 Capital Market Assumptions (real return predictions)
Replies: 5
Views: 545

Re: AQR 2020 Capital Market Assumptions (real return predictions)

And their 2015 predictions were : "Our current estimate for U.S. stocks’ long-run real return is near 4%, lower than in European and emerging markets. Our current estimate for U.S. 10-year government bonds’ long-run real return is near 0.5%, higher than in other major bond markets. " So, five years ...
by skeptical
Sat Jan 25, 2020 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 6887

Re: Umbrella insurance cost

We’re paying $795 for $5m. After reading all these other replies, I’m terrified how much it’s going to jump when our son gets his license in a decade or so. :shock: I pay $1000 for $5M, plus $7K for car insurance (2 adults 2 teenagers who drive), 3 cars. The latter is a requirement for the former, ...
by skeptical
Sat Jan 25, 2020 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 6887

Re: Umbrella insurance cost

willthrill81 wrote:
Fri Jan 24, 2020 9:28 pm
When we had it, we paid about $96/year for $1 million. $1,200/year for $2 million seems absurdly expensive.
My experience/research indicates that the per million cost goes up the more you buy (if you can buy it).
That being said, $1200 for $2M does seem like a lot
by skeptical
Sat Jan 25, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 6887

Re: Umbrella insurance cost

We’re paying $795 for $5m. After reading all these other replies, I’m terrified how much it’s going to jump when our son gets his license in a decade or so. :shock: I pay $1000 for $5M, plus $7K for car insurance (2 adults 2 teenagers who drive), 3 cars. The latter is a requirement for the former, ...
by skeptical
Sat Jan 18, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1753
Views: 268406

Re: QSPIX - thoughts on interesting fund

The only thing absurd is the existence of this fund QSPIX and the sky high expenses it charges while delivering sub-par performance. Obviously I am not surprised at the equally absurd defense of it I have no problem with the existence of this fund. What I have a problem with as you say, is the absu...
by skeptical
Sat Jan 18, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1753
Views: 268406

Re: QSPIX - thoughts on interesting fund

Did QSPNX do exactly what it was supposed to do? Does anyone consider it to have had an "attractive" risk-adjusted return? There is a saying in the software industry when everyone is sitting around scratching their heads trying to figure out why their complex and beautifully designed system went be...
by skeptical
Tue Jan 14, 2020 8:53 am
Forum: Personal Investments
Topic: All-In-One Fund vs. VTSAX+VBTLX
Replies: 23
Views: 2820

Re: All-In-One Fund vs. VTSAX+VBTLX

I'm exploring the pros and cons of an All-In-One fund (target date, life strategy) vs. deposits to two individual index funds (VTSAX, VBTLX). I understand that many of the All-In-One funds have international stock and bond funds and the two individual funds do not, but I'm not wondering about that ...
by skeptical
Sun Jan 12, 2020 11:58 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 66
Views: 8217

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

Bottom line, this problem with poor performance was not supposed to happen as there was an allocation of equal risk across many different, uncorrelated factors and assets. Value may be a contributor, but it is, by definition a minority of the portfolio. This is not really how I would take it. Gener...
by skeptical
Sat Jan 11, 2020 11:15 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 66
Views: 8217

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

Garland and Homer, it boils down to what I have said here for years. No matter how brilliantly and beautifully you construct your portfolio and no matter how much market insight you have, markets will do what markets will do. Markets do not have to act in accordance with investor expectations. The ...
by skeptical
Thu Jan 09, 2020 9:48 am
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 266
Views: 17842

Re: How do YOU make coffee?

After trying a french press, pour over, cartridge, and some others, the Bialetti Moka has turned me into a espresso maker..

Only $20, now I need to get a $300 grinder and a $200 milk frother :shock:
by skeptical
Wed Jan 01, 2020 9:25 am
Forum: Personal Investments
Topic: 30-Day SEC vs. Distribution Yield - VWALX
Replies: 22
Views: 1756

Re: 30-Day SEC vs. Distribution Yield ...VWIUX

Thanks David! I'm still learning. I'd forgotten that some muni funds pay dividends DAILY and not monthly. That would explain why the NAV doesn't drop on dividend days. I keep hearing that Vanguard muni funds pay out some of the principal as interest. I still have a hard time with that. VWIUX's NAV ...
by skeptical
Sun Dec 22, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Married with children: Early startup v. global corp
Replies: 26
Views: 2180

Re: Married with children: Early startup v. global corp

… the issue is that you are either truly hired as executive officer or as staff - in your case, it looks like it is a basic staff position. Once hired as staff , it is very hard to be then made real member of executive team (with contract, place in carve out ,etc). This. The value of equity is appr...
by skeptical
Sun Dec 22, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Married with children: Early startup v. global corp
Replies: 26
Views: 2180

Re: Married with children: Early startup v. global corp

Having worked for a number of startups between 5 and 50 people... Do this if you are interested in getting into the startup space or joining the industry that company is in. It'll be very valuable experience and you'll get to meet all the players. You'll be set up better for your next startup, and ...
by skeptical
Sun Dec 15, 2019 8:30 pm
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 64
Views: 4793

Re: Jettison QSPIX?

Since the fantastic quant melt-down of 2018 Dec, QSPIX and other similar funds continue their march towards the bottom. I think it is a very nicely constructed portfolio if you want to lose your money on a consistent basis. There are several principles why I think in the long-term QSPIX and similar...
by skeptical
Wed Dec 11, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: Retail investors selling US stocks at record levels/WSJ article 12/8/19
Replies: 26
Views: 4014

Re: Retail investors selling US stocks at record levels/WSJ article 12/8/19

from 2016: Investors flee U.S. stock funds despite new highs https://www.usatoday.com/story/money/markets/2016/08/01/investors-flee-us-stock-mutual-funds/87729662/ In a sign that suggests investors don’t trust the rally that's propelled the stock market to all-time highs, cash is still being yanked ...
by skeptical
Tue Dec 10, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Exercising of Vested Stock Options
Replies: 24
Views: 1291

Re: Exercising of Vested Stock Options

Since they are deep in the money, there is no reason to not exercise them as soon as possible. Since we are at the end of the year, I would do the tax analysis of selling all now vs all in January vs splitting between Dec/Jan. +1000 I know too many people who waited too long and ended up with nothi...
by skeptical
Sun Dec 08, 2019 6:48 pm
Forum: Personal Investments
Topic: All munis for fixed income allocation in early retirement for roth conversion?
Replies: 42
Views: 1459

Re: All munis for fixed income allocation in early retirement for roth conversion?

Interesting; how does your portfolio look like in terms of Account/Funds/Allocation? target is: 50% VTSAX (Vanguard Total Stock) 30% VWIUX (Vanguard National Muni) 10% VMATX (Vanguard Mass Muni) 10% VBTLX (Vanguard Total Bond) (split 2/3 1/3 across 401K/Roth) VTSAX is getting close to 55%, trying t...
by skeptical
Sun Dec 08, 2019 5:06 pm
Forum: Personal Investments
Topic: All munis for fixed income allocation in early retirement for roth conversion?
Replies: 42
Views: 1459

Re: All munis for fixed income allocation in early retirement for roth conversion?

I have a 50/50 equity/bond portfolio of slightly larger size, with 10% of total in Roth/401K. 40% of my portfolio is in munis. In taxable, all bonds are munis - VWIUX and VMATX (MA specific). Tax deferred is all Total Bond (might/should move Roth to equities, but that is another topic). My mix is mo...
by skeptical
Tue Dec 03, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

I have a more complex irrevocable trust that is beyond TurboTax’s powers - I pay a flat fee to have my accountant prepare that return, but otherwise manage the investments myself. It is definitely possible for a BH DIY minded person to avoid AUM fees, but it requires a bit of work. I thought that f...
by skeptical
Tue Dec 03, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

Wow, a lot of information, and I appreciate everyone for their input. I can't possibly respond to each one, but here are some basics: - Been reading "beyond the grave", great suggestion ! - Going through bsteiner's posts. - I am planning to spend a good amount to make and execute a solid plan, but I...
by skeptical
Tue Dec 03, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

Thanks senex, this has helped me understand what I am going through right now, and validates where I think I will end up: a simple living trust and essentially handing over my fully paid house over to the state (plus extra to cover the capital gains) at some point down the road. So, I need to do a l...
by skeptical
Mon Dec 02, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

Starting some estate planning to reduce Massachusetts estate tax on my and DW's demise. I have been told by an attorney, and also see in articles by law firms on the internet, that what I want is a revocable living trust, not an irrevocable trust. Plan is that when I pass on, a tax credit shelter t...
by skeptical
Mon Dec 02, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

Nolo has lots of books on various legal matters, including estate planning, if you want to read up. https://store.nolo.com/products/ Yes, saw that, they seem to have some good info. I guess what I am looking for is a framework/philosophy I can use to frame what I want to do. Before finding this sit...
by skeptical
Mon Dec 02, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

You need a trustee who is not you, that does not mean you need to pay someone to be the trustee. You can appoint (just about) anyone you want. Yes, technically correct, but you run into practical issues. If I choose my brother, for example, the trust might be determined to be invalid as an irrevoca...
by skeptical
Mon Dec 02, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

The 0.7% they quoted you doesn't match up with the brochure I linked to. The rate never gets higher than 0.55% which includes PAS. Well, I guess I spoke with the wrong person :-) Though, even .55% makes this of marginal use for the specific purpose of sheltering estate taxes - depends on how soon b...
by skeptical
Mon Dec 02, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

Re: "bogleheads" for estates ?

Thanks for all the replies. I will look into the books and BH contributors for information. It would be interesting to have a way of posting your estate needs like people post their portfolios for advice. Note: A few years ago I spent $8K on an estate plan that I now know is inadequate, both due to ...
by skeptical
Mon Dec 02, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2898

"bogleheads" for estates ?

I am looking to put together an estate plan for my family and my kids - trusts, taxes, etc I have seen advice on this forum for how to find an estate lawyer - going through ACTECT, talking with banks and CPA's for referrals, etc. I have gone down this route, without a lot of success. What I really w...
by skeptical
Sat Nov 30, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5665
Views: 1369873

Re: What Movie Have You Recently Watched?

Linda Ronstadt: The Sound of My Voice Profile of singer Linda Ronstadt beginning with her childhood in the southwestern U.S. The documentary takes the viewer on an odyssey through 1960s pop and other various music forms and genres she ventured into over the course of her singing career. Excellent d...
by skeptical
Thu Nov 28, 2019 11:58 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8922

Re: Stay away from Stoneridge Funds....

The original poster heard, "Blah, blah, blah, blah, blah, 6-8 PERCENT RETURNS, blah, blah, blah, blah." I am pretty certain that the risks were explained as well as the concept of the interval funds. It just seemed too complicated and the OP just zoned out. Short attention span working here. The in...
by skeptical
Thu Nov 21, 2019 10:42 am
Forum: Personal Investments
Topic: Fidelity Intermediate Municipal Strategy
Replies: 21
Views: 1856

Re: Fidelity Intermediate Municipal Strategy

I would recommend doing the following due diligence (which I have done): - Speak with a Fidelity rep, and be clear what type of strategy you want (see later points) - Have them put together a couple of options, with specific bond ladders based on your needs and their analysis. - Compare what you wou...
by skeptical
Fri Nov 15, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14346

Re: Best thing you have ever bought?

My dogs. And still paying for them.
by skeptical
Wed Nov 13, 2019 9:49 am
Forum: Personal Investments
Topic: Which BOND Fund in Taxable at 22% Tax Rate
Replies: 27
Views: 3678

Re: Which BOND Fund in Taxable at 22% Tax Rate

High quality muni's on the whole are pretty safe, I hope. A past study showed that AAA and AA muni's had virtually no defaults. And for the few defaults, investors eventually got most of their money back. For a detailed look at muni default, see: https://www.researchpool.com/download/?report_id=141...
by skeptical
Wed Nov 13, 2019 8:03 am
Forum: Personal Investments
Topic: Which BOND Fund in Taxable at 22% Tax Rate
Replies: 27
Views: 3678

Re: Which BOND Fund in Taxable at 22% Tax Rate

For this to work, you need almost all of your income to be from qualified dividends, and you need to have your total taxable income in the 12% tax bracket. You can also gain the same benefit with nonzero tax; again, your goal is to have your total taxable income at the top of the 12% tax bracket (a...
by skeptical
Tue Nov 12, 2019 9:37 pm
Forum: Personal Investments
Topic: Which BOND Fund in Taxable at 22% Tax Rate
Replies: 27
Views: 3678

Re: Which BOND Fund in Taxable at 22% Tax Rate

Will your tax bracket in retirement also be 22%? Yes, 22% probably unless more dividends from the Bond Funds push me into 24%. If you are in retirement (no earned income), and your only income is from your portfolio, a 55/45 portfolio can have no fed taxes due, assuming you are married and have not...
by skeptical
Fri Nov 01, 2019 9:45 am
Forum: Personal Investments
Topic: Best type of professional for tax strategy?
Replies: 7
Views: 1188

Re: Best type of professional for tax strategy?

I struggled with this for a long time - CPA's rarely understand investment strategy, and financial advisors rarely understand taxes (or at least, they pretend they do now know to avoid the conversations around costs). I did a purposeful search for a single person tax service who does taxes for indiv...
by skeptical
Sun Oct 27, 2019 12:47 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 30540

Re: I’m done with index funds

On Muni bonds, I agree on individual bonds rather than funds since the account is large enough to allow geographic and maturity diversification if you intend to be a buy and hold bond investor. I use Fidelity for muni bonds since they offer the most transparent platform. I have enough in muni bonds...