Search found 123 matches

by skeptical
Tue Dec 03, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: "bogleheads" for estates ?
Replies: 32
Views: 2613

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: 2613

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: 2613

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: 2613

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: 2613

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: 2613

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: 2613

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: 2613

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: 2613

"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: 4879
Views: 1263022

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: 7901

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: 1415

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: 12652

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: 3239

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: 3239

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: 3239

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: 1076

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: 28224

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...
by skeptical
Sun Oct 27, 2019 12:29 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 28224

Re: I’m done with index funds

how much would you actually be able to TLH under this new strategy compared to index funds? On average, $50k annually for every million invested. This is interesting. How long have you been doing this, and do you have data during up and down market cycles, even if they are short ? For example, ther...
by skeptical
Sun Sep 29, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA question (It's FAFSA season again!)
Replies: 31
Views: 1965

Re: FAFSA question (It's FAFSA season again!)

For private schools, even being offered merit-based aid, we were required to fill out the FAFSA, or wouldn't receive their scholarship. While I am not advocating not to file, non of the private schools we applied to required this, and most offered merit aid. They imply you should file these forms (...
by skeptical
Sun Sep 29, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA question (It's FAFSA season again!)
Replies: 31
Views: 1965

Re: FAFSA question (It's FAFSA season again!)

My question is somewhat two-fold - Have any higher incomes houses seen a benefit to FAFSA that you would not expect? Or maybe regretted it? Is it reasonable to negotiate with higher priced schools? I find $60-70k completely unreasonable, and don't understand how schools get away with this. Would it...
by skeptical
Fri Sep 27, 2019 6:56 am
Forum: Investing - Theory, News & General
Topic: Swedroe Advocates: LENDX, SRRIX, AVRPX, QRPRX/QSPRX
Replies: 119
Views: 8067

Re: Swedroe Advocates: LENDX, SRRIX, AVRPX, QRPRX/QSPRX

One observation is that these alternatives have a capped upside so in essence they have very little optionality to the upside. Equities have substantial upside optionality & thus this optionality needs to be incorporated when comparing asset that have very little (the alts) and those that have subs...
by skeptical
Wed Sep 25, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving
Replies: 31
Views: 3019

Re: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving

Some subset of TSM matches exactly every non-TSM strategy. Anything NOT in one of the today's popular strategies is just gravy. With TSM you've got 'em all! past, present and future. This is true for "tilts", which are simple subsets of the market. There are quite a number of financial engineered o...
by skeptical
Wed Sep 25, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving
Replies: 31
Views: 3019

Re: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving

Some subset of TSM matches exactly every non-TSM strategy. Anything NOT in one of the today's popular strategies is just gravy. With TSM you've got 'em all! past, present and future. This is true for "tilts", which are simple subsets of the market. There are quite a number of financial engineered o...
by skeptical
Wed Sep 25, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving
Replies: 31
Views: 3019

Re: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving

But you do have to come to grips, somehow, with the question of how often and how much you should change, and how you should balance the constant discovery of "better" approaches against the claim that none of these approaches can be expected to work if you can't commit to it over "an extremely lon...
by skeptical
Tue Sep 24, 2019 4:52 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10726

Re: I am being asked to retire. Am I ready?

[... snipped...] Think of it this way: Set aside (mentally or physically) $650,000 to cover "SS" at $50K a year until 67, when you get the real SS. That gives you a spend rate of $70K on $3.5M, which is 2% a year, less than the perpetual withdrawal rate, and you can live on basic dividends and inte...
by skeptical
Tue Sep 24, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: Swedroe Advocates: LENDX, SRRIX, AVRPX, QRPRX/QSPRX
Replies: 119
Views: 8067

Re: Swedroe Advocates: LENDX, SRRIX, AVRPX, QRPRX/QSPRX

When people are called "fools" for behaving in a certain manner, a defensive and emotional response is what should be expected in return. This is especially true when the person doing the calling behaves in the same manner they so strongly advise against. An article from 5 years ago, https://www.vet...
by skeptical
Sun Sep 22, 2019 3:34 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10726

Re: I am being asked to retire. Am I ready?

You are in good shape, though you need to do some juggling with tax vs tax deferred/Roth You do not need to pay fed taxes (if you do things right), and I don't think FL has state tax. You can convert a lot of IRA to Roth each year with little or no taxes, multiple tens of thousands. Think of it this...
by skeptical
Sun Sep 22, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Swedroe Advocates: LENDX, SRRIX, AVRPX, QRPRX/QSPRX
Replies: 119
Views: 8067

Re: Swedroe Advocates: LENDX, SRRIX, AVRPX, QRPRX/QSPRX

I wonder if the critics in this thread agree or not with the abstract premise of diversifying by adding more unique sources of risk & return to a stock & bond portfolio. I feel like this discussion would be more fruitful if we can agree on some underlying assumptions so we can pinpoint exactly wher...
by skeptical
Mon Sep 09, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Life Changes - Help With Looking For Employment After 10 Years
Replies: 48
Views: 5813

Re: Hard Life Changes - Help With Looking For Employment After 10 Years

also: Physics degree + math background + fraud background == product and content fraud detection and prevention (think about fake reviews on shopping and content sites).
by skeptical
Mon Sep 09, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Life Changes - Help With Looking For Employment After 10 Years
Replies: 48
Views: 5813

Re: Hard Life Changes - Help With Looking For Employment After 10 Years

I would consider reaching out to high tech firms (through a boutique recruiter). Many of them are starved for talent that is creative, entrepreneurial, and shows end to end ownership (concept, development, production, customer). This would be in areas such as: product management, content management,...
by skeptical
Wed Sep 04, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28690

Re: Index Funds Bubble?

Sorry if this has been brought up and answered before, but I cannot seem to find it here or on google: Each trading day, there are stocks that go up, and stocks that go down. Has any analysis been done to see if the magnitude and distribution of these changes has changed with respect to the growing ...
by skeptical
Sun Sep 01, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4879
Views: 1263022

Re: What Movie Have You Recently Watched?

Three really good “off Hollywood” movies:

Peanut butter falcon
Sword of justice
Maiden
by skeptical
Fri Aug 30, 2019 6:40 pm
Forum: Personal Investments
Topic: Portfolio Review - BAM Portfolio
Replies: 98
Views: 7726

Re: Portfolio Review - BAM Portfolio

On alts: I own TIAA Real Estate Account. I would consider it an alt. In 2009 when everything was going up, it dropped 20%. It was famous for that because lots of people timed it as reported at bogleheads.org. Well, with 10% of portfolio in TREA a drop of 20% translates to a 2% underperformance of t...
by skeptical
Fri Aug 30, 2019 6:26 pm
Forum: Personal Investments
Topic: Portfolio Review - BAM Portfolio
Replies: 98
Views: 7726

Re: Portfolio Review - BAM Portfolio

So yes, the Alts would have been a drag over the last three years. The four in combination haven't done as well as good old boring bonds. Vanguard Total Bond Market Index Admiral has a 3 year performance of 3.01% a year and a five year performance of 3.30% per year. The combination of the four Alts...
by skeptical
Thu Jul 18, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: Chromebook
Replies: 18
Views: 1473

Re: Chromebook

I just switched off of OSX to Chromebook, for a variety of reasons. I went with the Pixel, and hacve been using it as my only system for a few months. Summary: If you can run really your life through the browser, I recommend it, otherwise, a cheap Windows machine would be better. So, real games are ...
by skeptical
Mon Jul 15, 2019 1:26 pm
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 86
Views: 6237

Re: Anyone buy the Nissan Rogue over the Honda CRV???

Bought one of each :-) A new Rogue and a 3 yr Honda I love driving the Rogue. We were not considering one until we needed to rent a car while our other one was in the shop, by chance rented a Rogue, and really liked it - it is fun to drive. Honda, rarely drive it, but when I do, nothing special. I c...
by skeptical
Thu Jul 11, 2019 6:30 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4901

Re: How do most advisors produce client returns?

My starting question and focus: Is it common practice for financial adviors to increase the risk profile to compete with an index portfolio? Thanks Also, this does not apply just to advisors - funds can do this also. I was in between moving from Fidelity to Vanguard (my tax deferred were in Fidelit...
by skeptical
Thu Jul 11, 2019 6:21 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4901

Re: How do most advisors produce client returns?

My starting question and focus: Is it common practice for financial adviors to increase the risk profile to compete with an index portfolio? Thanks My personal experience is that this is one way some advisors work : - Found an advisor through a friend of a friend, and checked references. I was a co...
by skeptical
Tue Jul 09, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 20978

Re: Larry Swedroe: The Historical Imperative For International Diversification

Hi Vineviz, Could you provide a link to the source for this graph ? The best I could reproduce in PV will only go back to 1986 due to lack of data for INTL. What I see from 1986 to 1996 does not show the rapid decline, even with a much higher withdrawal rate (to simulate inflation). It will not show...
by skeptical
Tue Jun 25, 2019 7:15 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 55
Views: 6673

Re: DIY for UHNW

I think I would look into a "multi-family office" (MFO) to see if maybe that is a good solution. Following this recommendation, I met with a family office a few days ago. Here are my impressions in case it helps anyone in a similar situation: I was surprised by how aggressive their investment strat...
by skeptical
Tue Jun 25, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Transition to management is stressful
Replies: 20
Views: 2775

Re: Transition to management is stressful

soccerrules advice on finding a mentor is excellent I would think about the following: - You mention that you have additional admin tasks coming from both your boss and the people who are working for you. You should consider what this means. - If your boss put you in a leadership position, it probab...
by skeptical
Sun Jun 23, 2019 6:05 pm
Forum: Personal Investments
Topic: Questions about bonds in taxable because maxed-out in non-taxable
Replies: 8
Views: 1007

Re: Questions about bonds in taxable because maxed-out in non-taxable

If you are retiring in 18 months, you should also consider muni funds (state and/or national) and delaying your wellington conversion in taxable until retired when you might be able to do this (maybe over a couple of years) tax free, as well as doing roth conversions. You should not have to pay fed ...
by skeptical
Fri Jun 21, 2019 4:47 pm
Forum: Personal Investments
Topic: Question on Capital Gains Tax vs Income Tax - does it matter if I cash out now or in retirement?
Replies: 11
Views: 785

Re: Question on Capital Gains Tax vs Income Tax - does it matter if I cash out now or in retirement?

Well, $1M is a lot. Assuming you bought it all in 2000, it has doubled since them, so 1/2 is gains (of course this id a simplification) If you have no other income (interest, earned, cap gains, etc) you can then sell about $200K per year and not owe fed taxes ($100K of long term gains, assuming you ...
by skeptical
Fri Jun 21, 2019 11:41 am
Forum: Personal Investments
Topic: Retirement Ready?
Replies: 38
Views: 5239

Re: Retirement Ready?

I thought the comment was on retirement in general and not a specific scenario. Op has a 46k per year military pension. P.s. I just used taxcaster to run scenarios with 100k of interest, dividends and cap gains. There were mixes where the tax was 0. Assumed all income came from taxable. 100k of cap...
by skeptical
Thu Jun 20, 2019 5:27 pm
Forum: Personal Investments
Topic: Retirement Ready?
Replies: 38
Views: 5239

Re: Retirement Ready?

Taxes: Once you retire (no earned income or other income aside from your portfolio), you will not need to pay federal taxes, just state and local. This applies to a 50/50 portfolio in taxable up to about $10M, for married couples. Huh? Are you really suggesting that a $10M taxable portfolio would i...
by skeptical
Thu Jun 20, 2019 3:23 pm
Forum: Personal Investments
Topic: Retirement Ready?
Replies: 38
Views: 5239

Re: Retirement Ready?

Taxes: Once you retire (no earned income or other income aside from your portfolio), you will not need to pay federal taxes, just state and local. This applies to a 50/50 portfolio in taxable up to about $10M, for married couples. Huh? Are you really suggesting that a $10M taxable portfolio would i...
by skeptical
Thu Jun 20, 2019 11:05 am
Forum: Personal Investments
Topic: Tax Gain Harvesting in Muni Bonds
Replies: 13
Views: 768

Re: Tax Gain Harvesting in Muni Bonds

Only makes sense if you’re in 0% LTCG bracket, and even then you’d have to wait to re-buy to avoid wash sale rule. You can buy a mix of VMLUX, VWLUX to get the same average duration/maturity/yield, and then switch back a month later. I did this when tax loss harvesting a few years ago during the bo...
by skeptical
Thu Jun 20, 2019 10:58 am
Forum: Personal Investments
Topic: Retirement Ready?
Replies: 38
Views: 5239

Re: Retirement Ready?

Taxes: Once you retire (no earned income or other income aside from your portfolio), you will not need to pay federal taxes, just state and local. This applies to a 50/50 portfolio in taxable up to about $10M, for married couples. With roughly $2M in taxable equites, you will have plenty of headroom...
by skeptical
Thu May 16, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 113
Views: 19652

Re: Umbrella Policy: Right amount for $7 mil net worth?

A follow up to this question ... Has anyone found an insurance company willing to sell them more than $5M in umbrella insurance? The company I use for all my policies (State Farm) does not and when I searched others in the past, I did not find any that did either. My somewhat limited information in...