Search found 2118 matches

by NotWhoYouThink
Sun Jan 20, 2019 8:42 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 83
Views: 3792

Re: What is a Boglehead funeral/burial?

I look at it not as living (or dying) below your means, but as managing costs, and not paying for things that don't benefit you or your family. So having direct cremation or other low cost way of disposing of my remains in a low cost manner that does not endanger public safety sounds right. But payi...
by NotWhoYouThink
Sun Jan 20, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Buy term life because it is cheap"
Replies: 17
Views: 1945

Re: "Buy term life because it is cheap"

You buy term life not because it is cheap, but because it is a cheap way to provide for people who depend on your earnings in case you die. It meets a specific need. If you don't have that need, you don't buy it. Disability insurance meets a different need, but is also often important. We kept term ...
by NotWhoYouThink
Sun Jan 20, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Confirm that IPhone 5s Won't Work on Verizon Network as of Late 2019?
Replies: 13
Views: 1683

Re: Confirm that IPhone 5s Won't Work on Verizon Network as of Late 2019?

They keep telling me the same thing, and they seem to be rolling it out by city. Three of the 5 phones on our plan will need to be upgraded, but we'll deal with it at the last possible moment, as usual.
by NotWhoYouThink
Sat Jan 19, 2019 9:37 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 83
Views: 3792

Re: What is a Boglehead funeral/burial?

Funerals are for the living not the dead. Allowing people to start the grieving process and share memories about the deceased. Often they bring together friends and family who haven't seen each other for years. I plan to provide them some nice food and drink while they socialize. Sounds like a grea...
by NotWhoYouThink
Sat Jan 19, 2019 6:52 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 83
Views: 3792

Re: What is a Boglehead funeral/burial?

Hmmm, I hadn't considered the body farm. That's an interesting idea. We had a gathering in MIL/FIL's hometown at a local restaurant after they died. It was very low cost (how did I marry into a family of non-drinkers??) but lots of good stories were told and memories shared. We all agreed they both ...
by NotWhoYouThink
Sat Jan 19, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 83
Views: 3792

Re: What is a Boglehead funeral/burial?

Direct cremation.

Have your next of kin post the wake information on the Boglehead forum for your area. The better you feed and water your friends, the better the stories they tell about you will be.
by NotWhoYouThink
Sat Jan 19, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 110
Views: 11006

Re: How much money did you receive from family? (Gifts/inheritance)

$0 as of time of this post. However, I had a chance to help my father (mid 70's) go over his retirement accounts this past year, upon his request. The large sum of money and accompanied trust surprisingly left my very uneasy. I can't explain it. After 25 years of planning and grinding for a healthy...
by NotWhoYouThink
Fri Jan 18, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]
Replies: 22
Views: 2661

Re: IRS to lower 2018 safe harbor withholding threshold to 85%

You might want to change the title to "IRS to lower safe harbor withholding threshold to 85% for 2018 only" since it's a one-time deal. They realize that the withholding tables were hopelessly optimistic and just plain wrong for a lot of people, and this is an attempt to reduce the ire. The IRS rar...
by NotWhoYouThink
Fri Jan 18, 2019 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Scammed into Cash Value Life insurance, now what?
Replies: 10
Views: 1588

Re: Scammed into Cash Value Life insurance, now what?

I had 2 life insurance accounts opened for me: Life 1: $90,000 of premiums paid into it. Life 1 Cash Value: $60,000 Life 2: $160,000 of premiums paid into it. Life 2 Cash Value: $60,000 Are you sure of these numbers? You paid $250K in premiums, and the cash value is now only $120K? I know there are...
by NotWhoYouThink
Fri Jan 18, 2019 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 38
Views: 2958

Re: Should I dump our wealth planner/financial advisor?

The decision isn't about whether to dump the advisor, the decision is what you will do with the money on your own. If you don't know what to do with it, read a few articles on the wiki then, if you want, post your specifics on this forum to get an idea of what to do. You are paying a lot to have you...
by NotWhoYouThink
Fri Jan 18, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Screwed up big time applying for life insurance
Replies: 15
Views: 2386

Re: Screwed up big time applying for life insurance

Do you know what in your medical results led to the rating you got? Did something change?
by NotWhoYouThink
Thu Jan 17, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: Retirement savings new research
Replies: 29
Views: 5799

Re: Retirement savings new research

^I think the takeaway from the SSR article is that one should work until they are 70.5 years old. [Why? It is explained in the article. The best way for an older worker to implement the "Spend Safely in Retirement" strategy is to work just enough to pay for living expenses until age 70 in order to ...
by NotWhoYouThink
Thu Jan 17, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11102

Re: Have I Now Become Out of Touch Financially? Aging question...

Probably more a matter of what you notice more, or focus on. There have always been people who spend more than I do. Some make more money, some are spending family money, and some are living paycheck to paycheck. It's hard to tell which category they fall in without getting to know them individually...
by NotWhoYouThink
Mon Jan 14, 2019 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to Permanent Life Insurance
Replies: 8
Views: 430

Re: Alternatives to Permanent Life Insurance

I see a lot of people saying they haven't found a problem for which permanent life is a better solution than other options, but I can't seem to figure out what those other options might be beyond just buying index funds in a taxable account. You just named it. Index funds in a taxable account. Gain...
by NotWhoYouThink
Sat Jan 12, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 State Tax Refunds Federally Taxable in 2018!!!
Replies: 16
Views: 2134

Re: 2017 State Tax Refunds Federally Taxable in 2018!!!

The amount of state tax you deduct in 2018 is not relevant to how much of your 2018 state tax refund is taxable. Generally, with some rare exceptions, if AMT applied in the prior year, then some or all of the state refund is nontaxable. In most cases where AMT exists the full refund is nontaxable. ...
by NotWhoYouThink
Sat Jan 12, 2019 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: where to put teen's initial $1k?
Replies: 9
Views: 701

Re: where to put teen's initial $1k?

It would depend on what other access to funds they had. If the teen was headed to college and not working (maybe heavily involved with ECs, for instance) I would forget the Roth IRA (the only kind of IRA appropriate for a teen, I think) for the time being, and talk about budgeting and planning for f...
by NotWhoYouThink
Fri Jan 11, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Non deductable IRA Contributions
Replies: 16
Views: 708

Re: Non deductable IRA Contributions

You haven't quite answered the question about whether you already have an IRA which you previously made deductible contributions to, or maybe rolled over from a 401k plan.

If you have no IRA now, then back door Roth is a good plan. If you do have an IRA than things get more complicated.
by NotWhoYouThink
Fri Jan 11, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Non deductable IRA Contributions
Replies: 16
Views: 708

Re: Non deductable IRA Contributions

If you aren't doing a backdoor Roth, the non-deductible IRA is almost certainly not worth the trouble. It might even cost you MORE in taxes than just investing in taxable in a tax efficient manner. If you invest in taxable, most of your gains will be qualified dividends and/or capital gains, which ...
by NotWhoYouThink
Fri Jan 11, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6088

Re: Building Wealth Through Home Equity--Myth or Reality?

For people who post on this forum, which means people who can and will save, the choice of renting vs. buying is mostly a lifestyle choice, and home equity contributes little to our overall wealth. For most of the rest of the country, people won't save intentionally, they won't fund their retirement...
by NotWhoYouThink
Wed Jan 09, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions on secular donations & time donations
Replies: 22
Views: 1196

Re: Suggestions on secular donations & time donations

No particular suggestions, but I am reading Doing Good Better by MacAskill to help think through priorities.
by NotWhoYouThink
Sat Jan 05, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5482

Re: FAFSA - is it worth filling out?

I don't see the need to work with an admissions counselor at a college, whatever that is. Every college has a financial aid page on their website, and they will let you know whether: - You have to fill out FAFSA to get merit aid (this is unusual, but a few colleges have this requirement) - You have ...
by NotWhoYouThink
Sat Dec 29, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 111
Views: 7295

Re: Annuities objectively considered

[ quoted post removed by admin LadyGeek] No need to spend hours reading everything ever written about annuities on this forum. There is user-friendly information here on the forum in the wiki, about annuities and many other subjects. Respectfully asking, rather than attacking people trying to point...
by NotWhoYouThink
Sat Dec 29, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Help An Old Lady
Replies: 16
Views: 1716

Re: Help Me Help An Old Lady

If she wanted help, we'd need to know: How much is in the 401K? $50K? $250K? $1M? How much is she making now, and how much is she putting in the 401k every year? Will she have a pension? How much? What are her annual expenses? Does she own a home? Paid off? There really isn't much info in the OP. Ma...
by NotWhoYouThink
Sat Dec 29, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard personal advisor service (PAS) for high net worth?
Replies: 70
Views: 6433

Re: Vanguard personal advisor service (PAS) for high net worth?

My impression from this board is that PAS does a pretty good job if you don't want to manage your investments yourself. Maybe or maybe not slightly better than a target date or other low-cost indexed all-in-one fund, because they may do some things that tend to optimize taxes a bit. But if you are a...
by NotWhoYouThink
Fri Dec 28, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5482

Re: FAFSA - is it worth filling out?

It's up to you. If you are willing to do the research you can answer the question yourself. If you are not, no one on this forum can help you. It depends on the specifics of your finances, and which schools your kids apply to, and how desirable they are as applicants. If the schools that your kids a...
by NotWhoYouThink
Fri Dec 28, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: How much house can my daughter afford
Replies: 52
Views: 3691

Re: How much house can my daughter afford

I bought a house when I was single, and don't recall even wondering if my parents had an opinion about it. My goal was to live someplace with a garage and a basement, and in a good school district so that selling it would be easy. Sounds like your daughter is doing fine.
by NotWhoYouThink
Tue Dec 25, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Testamentary Trust, Taxes, and UTMA
Replies: 14
Views: 813

Re: Testamentary Trust, Taxes, and UTMA

I'm considering changing to an UTMA provision in the will instead (although this seems to be less common than testamentary trusts). I understand that UTMA is released at XX age regardless (which does not bother me) and I understand that it counts against the child's assets for college purposes (whi...
by NotWhoYouThink
Wed Dec 19, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Settlement issues and inherited IRAs
Replies: 37
Views: 1557

Re: Estate Settlement issues and inherited IRAs

Because my father was retired, he was paying estimated taxes. He was also getting RMDs, and I assume the last one would be before the year ends. If another RMD is taken next year, and the estate is revalued in 6 months, wouldn't that push the distributions back an entire year, as new tax filings ha...
by NotWhoYouThink
Wed Dec 19, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Is it time to increase the cash Emergency Fund?
Replies: 51
Views: 3572

Re: Is it time to increase the cash Emergency Fund?

Why wouldn't you build up your emergency fund while stock prices are high, instead of after they have dropped?
by NotWhoYouThink
Mon Dec 17, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Joint ownership of Mother in Laws house
Replies: 8
Views: 889

Re: Joint ownership of Mother in Laws house

What if she sells instead of keeping it until she dies? Still no cap gains for any of the 7 co-owners?
by NotWhoYouThink
Mon Dec 17, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3489

Re: Selling specific tax lots at Schwab

Thanks for bringing this up, it is absolutely crazy, but now I understand why the shares I bought at Schwab before this are still showing I can only sell using average cost. That is really really really annoying. Like ready to close my account annoying. Guess I need to make sure they actually got an...
by NotWhoYouThink
Fri Dec 14, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: 20 Year Guaranteed Term Non Smoker Life Insurance
Replies: 14
Views: 714

Re: 20 Year Guaranteed Term Non Smoker Life Insurance

there does not appear to be anyone here outright supporting the concept of term life insurance, Almost everyone on this forum supports term life insurance for people whose future earnings are needed to support their families, and whose families would be left in a difficult situation if the person d...
by NotWhoYouThink
Fri Dec 14, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5260

Re: Forgoing health insurance

The good news is that lack of health insurance doesn't mean lack of health care. You can pay as you go, or if you have a real emergency they have to treat you anyway. You'll probably be fine. This is the first year we've used enough health care to come close to offsetting what we paid for insurance ...
by NotWhoYouThink
Mon Dec 10, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Establishing an account for young kids' benefit - college or otherwise
Replies: 5
Views: 477

Re: Establishing an account for young kids' benefit - college or otherwise

I think this falls under the purview of mental accounting. Since this wouldn’t be an UTMA account, there really is no difference between mentally designating the amount within your existing taxable account, and creating a completely new account titled the same (your name(s)). https://www.bogleheads...
by NotWhoYouThink
Sat Dec 08, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Best place for children’s money.
Replies: 17
Views: 1323

Re: Best place for children’s money.

I do not like the idea of giving a future 18 or 21 year old a large amount of money, no strings attached, when you have no idea what that individual is going to be like in the future. It might have a positive effect, inspiring a sense of financial responsibility. My wife received an account when sh...
by NotWhoYouThink
Fri Dec 07, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12438

Re: Why Retirement Is Broken And Needs To Be Reinvented

Klang's people can't spend what they don't have. This is why it's important to have a 5% mandatory retirement plan contribution for all workers, from minimum wage on up. Combine this with an employer match of the same amount and you have a decent START at fixing the retirement problem. My own emplo...
by NotWhoYouThink
Thu Dec 06, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6576

Re: Health insurance for FIRE

Rich and healthy? Get a catastrophic plan. The future costs may increase rapidly or fall to free...it's uncertain for retirement whether it's early or not. PS: I would avoid using that acronim, as it was probably coined by someone who makes money giving financial advice...your choice. If you are yo...
by NotWhoYouThink
Mon Dec 03, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?
Replies: 36
Views: 3673

Re: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?

Are you sure your Edward Jones FA is the person you want to be working with your tax attorney and CPA? Most of them are trained in sales, specifically sales of whatever EJ wants them to sell, not skilled at understanding complicated financial situations.
by NotWhoYouThink
Sun Dec 02, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: The new tax law and charitable giving
Replies: 15
Views: 1623

Re: The new tax law and charitable giving

"With a higher standard deduction, there will be less people who benefit from donating to charity," said Eric Bronnenkant, a certified financial planner and CPA and the Head of Tax at online financial advisor Betterment. Fewer, not less. And what does he mean they won't benefit? Maybe they won't ge...
by NotWhoYouThink
Sat Dec 01, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Family loan
Replies: 19
Views: 1324

Re: Family loan

I would suggest you contact the nonprofit organization SCORE (Service Corps of Retired Executives) which is an organization of retired business owners and executives who voluntarily advise small businesses. It would certainly be a place to start and quite likely they could lead you in the right dir...
by NotWhoYouThink
Fri Nov 30, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 86
Views: 6458

Re: Cremation seminar – with complimentary lunch

If the arrangement included a death notice for the local newspaper that might be a good deal. Those are shockingly expensive. Even for those of us getting all our news online, I'm not sure what the modern alternative is to a newspaper (print or online) death notice, something that can alert or infor...
by NotWhoYouThink
Fri Nov 30, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).
Replies: 32
Views: 3447

Re: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).

Good point about altitude sickness. Medical advice is not allowed on this forum, but medical help is available. Talk to your doctor about prevention and treatment.
by NotWhoYouThink
Fri Nov 30, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Investing all at once vs dollar cost averaging?
Replies: 39
Views: 2640

Re: Investing all at once vs dollar cost averaging?

Why do you have $330K of cash sitting on the sidelines? Did you get out of the market for a while and are now ready to get back in? Have you never invested in the market? Did you inherit?
by NotWhoYouThink
Fri Nov 30, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).
Replies: 32
Views: 3447

Re: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).

We're spending about that for 2 of us next year. Higher end travel than we would have paid for when the kids were young. Sounds like a great trip you are planning, hope all 4 of you enjoy it.
by NotWhoYouThink
Wed Nov 28, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments - Help a family member leave
Replies: 28
Views: 2802

Re: Fisher Investments - Help a family member leave

Most of these "Should my family member stay with a high cost advisor or become a boglehead like me?" threads have more to do with asset allocation than investment costs. When you pay for a managed portfolio, you are outsourcing the asset allocation decision. Your advisor chooses the risk level. Thos...
by NotWhoYouThink
Wed Nov 28, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Calling all 50-60 year old homeowners with kids/families
Replies: 36
Views: 4209

Re: Calling all 50-60 year old homeowners with kids/families

Here is a very specific example. When we re-did the kitchen, we built an island with a counter that could fit a couple of bar chairs. As soon as the work was done, my kids started pulling up the chairs any time I cooked so they could talk while I worked, or sometimes help with prep work. They are gr...