Search found 30 matches

by nickel
Thu May 06, 2010 8:38 am
Forum: Personal Consumer Issues
Topic: Garden Hoses/storage
Replies: 12
Views: 3367

We just use SunCast hose hangers (we have three around the house, one at each spigot). They cost something like $12-15 and haven't stopped working. Just loop the hose back onto it when you're done. Works fine, costs very little, and there's not much to break. Here's a link to SunCast, but you can bu...
by nickel
Tue May 04, 2010 9:16 am
Forum: Personal Investments
Topic: buy condo
Replies: 6
Views: 1892

How does the rental market look? Will you be able to keep it occupied? And charge a rent that will allow you to stay cash positive? Or does that not matter? Perhaps you're willing to take the plunge and eat some of the costs to get in the market sooner rather than later.
by nickel
Mon May 03, 2010 6:13 pm
Forum: Personal Investments
Topic: Age of Bogleheads REV.1
Replies: 15
Views: 3065

Interesting. I'm surprised it's skewing so young (heavy in the 21-39 age range). Would be interesting to see the 20-29 vs. 30-39 breakdown.
by nickel
Mon May 03, 2010 2:44 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

Any reason to prefer the Tax Managed Balanced Fund (VTMFX) over a 50/50 mix of Total Stock Market and Tax Exempt Intermediate? Advantages of the 50/50 mix appear to be freedom to change the allocation over time and also being able to tax loss harvest, etc. without fear of the five year minimum holdi...
by nickel
Mon May 03, 2010 7:31 am
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

Okay, to re-focus the discussion... I will continue exploring options with regard to paying the income out to (or for the benefit of) the beneficiaries, but I'm not holding my breath. With that in mind, I'd like to make the best of a bad situation. If you were in charge of a screwy trust like this, ...
by nickel
Mon May 03, 2010 7:27 am
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

JDCPAEsq wrote:
nickel wrote:John: What's the situation with capital gains taxes in a Trust such as this?
The capital gains retained in the trust would be taxed to the trust.
Right, but I wasn't sure about capital gains rates for the trust -- i.e., is the rate structure for LTCG in a Trust also unfavorable?
by nickel
Sun May 02, 2010 8:39 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

John: What's the situation with capital gains taxes in a Trust such as this?
by nickel
Sun May 02, 2010 8:23 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

Is the trust set up with an alternate trustee in the event you are not able to fulfill your duties? If not, recruit and brief one in advance of need. There is a successor trustee. Briefing them (once I get everything sorted out) is a good idea. At the very least, I will write up a detailed explanat...
by nickel
Sun May 02, 2010 8:20 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

Are you sure there is no provision for paying out principal now or terminating the trust because it no longer makes sense? Most trusts of this type have such a clause. Just re-read it. We "may consider any harmful circumstance in a beneficiary's life" that may warrant an early distribution. I don't...
by nickel
Sun May 02, 2010 8:02 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

It was created by someone else -- don't get me started... :?

I just read through the documentation again and don't see any sort of escape clause, other than what I mentioned above.

So... It is what it is, I'm just trying to make the best of it. :)
by nickel
Sun May 02, 2010 7:28 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

The trust stipulates that each share be paid out no earlier than age 25 and no later than age 28. Our oldest will get 1/4 of the trust amount when he hits the right age. The next oldest will then get 1/3 of what remains when he comes of age, and so forth. In other words, the income will be retained ...
by nickel
Sun May 02, 2010 4:44 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

We have pretty much complete discretion when it comes to managing the investments. We've been instructed to act prudently and in good faith, and are free to invest in "highly rated bonds, investment grade securities, real estate, or land."
by nickel
Sun May 02, 2010 4:08 pm
Forum: Personal Investments
Topic: managing a trust
Replies: 24
Views: 2705

managing a trust

I'm looking for some feedback on the following scenario: We're managing an irrevocable trust for our four kids. The first disbursement of funds will occur sometime in 13-16 years (when the oldest is 25-28 years old). The last disbursement will happen in 20-23 years (when the youngest reaches the sam...
by nickel
Fri Apr 30, 2010 1:32 pm
Forum: Personal Investments
Topic: How much extra work is a Solo 401k?
Replies: 26
Views: 5827

Another difference is that IRA allows early withdrawals (with taxes + penalty) whereas 401(k) does not unless you meet specific hardship guidelines. I'm not saying it's a good idea to tap an IRA early, but that's another difference between the two. Of course, if push came to shove, you could always ...
by nickel
Wed Apr 28, 2010 8:53 pm
Forum: Investing - Theory, News & General
Topic: treasury direct online application problems
Replies: 3
Views: 1097

Same thing happened to my wife. We just filled out the form, complete with Medallion signature, and sent it back in.
by nickel
Sat Apr 24, 2010 3:12 pm
Forum: Personal Investments
Topic: Prime MM Alternative
Replies: 22
Views: 4655

If you don't want any risk, why not an online savings account like Ally or DiscoverBank -- around 1.3% with FDIC insurance? If they drop their rate, just move it.
by nickel
Wed Apr 21, 2010 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I convert my paper savings bonds to treasury direct?
Replies: 22
Views: 8455

I'm with Quidnam. I can barely get into my own account, and I know the account #, password, card serial number, and the little decoder grid.
by nickel
Wed Apr 21, 2010 3:54 pm
Forum: Investing - Theory, News & General
Topic: fidelity advantage shares for total bond market
Replies: 4
Views: 1302

DSInvestor: Good catch. I pulled up the wrong fund on their website. Doh! As Eric points, the fee difference is thus smaller (but still 0.10%).
by nickel
Wed Apr 21, 2010 12:50 pm
Forum: Investing - Theory, News & General
Topic: fidelity advantage shares for total bond market
Replies: 4
Views: 1302

fidelity advantage shares for total bond market

Hey all, I'm well aware that Fidelity introduced Advantage shares (which are the rough equivalent of Vanguard Admiral shares) awhile back, but it appears that they only apply to the Spartan funds. Is that correct? The reason I ask is that I'm thinking of moving some money to Fidelity, but their tota...
by nickel
Wed Apr 21, 2010 12:45 pm
Forum: Personal Investments
Topic: Anybody convert their non-deductible Trad IRA to a Roth IRA?
Replies: 35
Views: 5750

Does anyone have any idea when we might expect to see Form 8606 for 2010? I've never really paid much attention to when they release the next year's forms. Thanks!
by nickel
Sat Apr 17, 2010 12:35 pm
Forum: Investing - Theory, News & General
Topic: Portfolio for 13 year old using Oakmark funds
Replies: 19
Views: 4214

I would second the recommendation for Schwab index funds if you're looking for low minimums.
by nickel
Tue Apr 13, 2010 3:59 pm
Forum: Personal Investments
Topic: Anybody convert their non-deductible Trad IRA to a Roth IRA?
Replies: 35
Views: 5750

Nobody wants to be too perfect, I guess. At least it makes it easier not to agonize over pulling some sort of Vanguard->Fidelity->Vanguard maneuver. I'm not sure what you mean by this... I just called Fidelity at 800-544-5373 and they said you're free to roll back out to any 401(k) plan whenever yo...
by nickel
Fri Dec 12, 2008 4:20 pm
Forum: Investing - Theory, News & General
Topic: Possibly no RMDs in 2009
Replies: 24
Views: 8166

FYI: This passed the House earlier this week and apparently the Senate passed it last night. It still needs White House approval.
by nickel
Fri Dec 05, 2008 7:39 am
Forum: Personal Finance (Not Investing)
Topic: AIG IRA withdrawal
Replies: 3
Views: 1277

Sorry, I can't help with a form, but I thought I'd offer my sympathy. My parents have been going through the same thing. AIG Retirement promised to send a form, then didn't, and so on. They originally claimed that my parents never requested one, but we know the request went through because the very ...
by nickel
Fri Dec 05, 2008 12:09 am
Forum: Investing - Theory, News & General
Topic: Recommended savings accounts?
Replies: 35
Views: 6899

Vanguard Prime MM is currently yielding 2.57%. Why settle for that when you can make a good bit more, with FDIC insurance to boot?
by nickel
Thu Dec 04, 2008 10:59 pm
Forum: Investing - Theory, News & General
Topic: Recommended savings accounts?
Replies: 35
Views: 6899

Nickel, why do you say GMAC is "not the most stable of banks"? Nothing specific, just the sorts of things alluded to in the thread above. I haven't really investigated too closely since they're FDIC insured. I just checked Bankrate, who has them at 3 stars -- this is actually better than banks like...
by nickel
Thu Dec 04, 2008 8:03 pm
Forum: Investing - Theory, News & General
Topic: Recommended savings accounts?
Replies: 35
Views: 6899

I'm a big fan of FNBO Direct. 4-start Bankrate rating, competitive rates (currently 3.25%), and they were recently rated the top online bank by Kiplinger's. ING is nice, but their rates lag the competition. And whenever the Fed makes a move, they're the first to drop their rates and the last to incr...
by nickel
Sat Oct 11, 2008 10:39 am
Forum: Personal Investments
Topic: managing asset allocation across multiple accounts
Replies: 10
Views: 3248

Here we are just six months after I got everything sorted out, and I've discovered the weakness of this approach... The market has tanked so badly that I don't have enough bonds in the account that I use to balance everything out. Looks like I'll have to "unlock" one of the accounts with bonds only ...
by nickel
Sat Mar 29, 2008 9:27 pm
Forum: Personal Investments
Topic: managing asset allocation across multiple accounts
Replies: 10
Views: 3248

Thanks for your replies, everyone. Now I just need to find a bit of spare time to make the changes.

Cheers, nickel
by nickel
Thu Mar 27, 2008 10:51 am
Forum: Personal Investments
Topic: managing asset allocation across multiple accounts
Replies: 10
Views: 3248

managing asset allocation across multiple accounts

Hi all, We've recently been re-thinking our asset allocation, and I wanted to run something by you for feedback. Note that I'm talking here primarily about how to manage our allocation across accounts, and not about the finer details of the allocation itself. Our situation is somewhat complex in tha...