Search found 464 matches

by Oak&Elm
Thu May 21, 2020 11:39 am
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2724

Re: Should I pull my CDs out?

Just thinking out loud... if I had 300k in the bank and needed 300k to buy a house maybe I should cash the CD's and pay cash on the house, I would probably save 10-12k in initial mortgage expenses alone. With no mortgage payment I could quickly replace my cash... that's just how I think.
by Oak&Elm
Wed May 20, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death MN help
Replies: 9
Views: 604

Re: Transfer on Death MN help

Not really sure having our 4 kids agree to sell the home or one buy out the other 3 is an issue with the TODD. My wife and 2 sisters are on her parents trust to their farm and it says when they die the 3 kids can either sell it or buy the other’s out, so basically the same situation as far as I can ...
by Oak&Elm
Wed May 20, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death MN help
Replies: 9
Views: 604

Re: Transfer on Death MN help

Good point on the estate tax but the home is worth about 500k and even with all my accounts plus the home I’m still under the 2.4 million limit.
Just thought the TODD would make sense, very short form to complete and should cost next to nothing if I do it myself
by Oak&Elm
Wed May 20, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death MN help
Replies: 9
Views: 604

Re: Transfer on Death MN help

Do you really want to leave your house to your 4 children? What if one wants to stay there and one wants it to be sold? Wouldn't it be easier for your executors to be able to sell it? All we are trying to do is pass the property and avoid probate. We have a Will in place and all accounts are TOD to...
by Oak&Elm
Wed May 20, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death MN help
Replies: 9
Views: 604

Transfer on Death MN help

I'm filling out a Transfer on Death Deed in Minnesota, the intent is to give our home to our 4 adult children when my wife and I die. I have one question that's confusing, the form asks: If Checked the following optional statement applies: When effective this instrument conveys any and all interests...
by Oak&Elm
Sat May 09, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

afan,
You are 100% correct in that it’s not about the money it’s about fairness.
by Oak&Elm
Sat May 09, 2020 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

Sorry everyone, this has dredged up old emotions that have nothing to do with finances which is what this forum is all about. I was just curious about a trust and it looks like the MIL has total control to do whatever.
Thank you all for your replies
by Oak&Elm
Sat May 09, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

When my wife was young she wanted a bike, her parents told her to get a job, so she babysat and saved up enough to buy one, when her brother wanted a bike the parents bought him one no problem. Rinse and repeat this pattern for another 40 years and you will understand her attitude. I just side with ...
by Oak&Elm
Fri May 08, 2020 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

I’m writing because being married to my wife for over 35 years you could say I’m pretty involved with the situation. Shun the MIL? That’s actually a great idea... thank you
by Oak&Elm
Fri May 08, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

Just got a copy of the trust, going to read through it tomorrow. The issue is all about treating your kids differently, the value of the farm was going to make things equal amongst the 4 kids. Like I mentioned, it’s a long story. The sibling that passed away has a couple kids but after being support...
by Oak&Elm
Thu May 07, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

I’m no expert but the amendment to the trust in bold letters says Revocable Trust, what do I know, maybe that’s a generic term. I do know the farm has been retitled and placed in the trust by a competent lawyer who does this frequently. My wife, one of the 3 daughters was just curious if upon her Da...
by Oak&Elm
Thu May 07, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

Both in-laws are alive and signed the amendment (reluctantly) FIL just got terrible health news. I will try and get a copy of the full trust and see if I can understand it. Thanks for your help
by Oak&Elm
Thu May 07, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

Yes, both inlaws are alive and signed the first amendment (reluctantly) my FIL Is 85 and just got some terrible health news. I will see if I can get a copy of the full Trust. Our only concern is if the trust is changed after FIL passes or the farm is sold. Like you said I need to see the full document
by Oak&Elm
Thu May 07, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

BTW all I have is the 1st ammendment to the Trust, there was a death of a sibling and thus it went from 4 to 3 beneficiaries.
by Oak&Elm
Thu May 07, 2020 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

Gill, Thanks for responding, I know you are an expert in this area. My inlaws created a Revocable Trust and both are listed as Trustor and Trustee. After reading a bit I'm assuming the living spouse and now sole Trustor can ammend the Trust. Like I mentioned it's a long story but if you've read Beyo...
by Oak&Elm
Thu May 07, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Re: Trust Transfer

The language just says the 3 daughters are beneficiares. But it would seem plausible it would first transfer to the living Trustor/Trustee. I was unaware both names were on the Trust, they kept their finances separate or so I thought. I would also assume the Trust could be ammended after one of them...
by Oak&Elm
Thu May 07, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Transfer
Replies: 31
Views: 1106

Trust Transfer

My inlaws have a Trust in place for their farm listing their 3 daughters as beneficiares. Both inlaws are co-Trustors/Trustees. When one of the inlaws passes does the farm go directly to the living Trustor/Trustee or to the 3 daughters? Long story, but if it goes to the living inlaw it would be messy.
by Oak&Elm
Tue Apr 28, 2020 2:07 pm
Forum: Personal Investments
Topic: S&P 500 vs Total Market Index funds
Replies: 67
Views: 5170

Re: S&P 500 vs Total Market Index funds

My 1st choice would be VTSAX, my 2nd choice would be VLCAX Vanguard large cap index, about 80 more companies than S&P. Depends on what is offered in various accounts, employers, brokerage,etc. all 3 are excellent IMO
by Oak&Elm
Sat Apr 11, 2020 6:10 pm
Forum: Personal Investments
Topic: TLH Question
Replies: 2
Views: 120

Re: TLH Question

Thank you, I thought I would be ok, just wanted to double check
by Oak&Elm
Sat Apr 11, 2020 6:08 pm
Forum: Personal Investments
Topic: TLH Question
Replies: 2
Views: 120

TLH Question

2 weeks ago I exchanged S&P 500 for TSM for TLH purposes. During that time I also purchased some additional VLCAX (large cap index) only because I had some extra funds available and I didn’t want to screw up the wash sale rule. My question is now that the TLH is completed to TSM is there any issue w...
by Oak&Elm
Tue Mar 31, 2020 8:19 am
Forum: Personal Investments
Topic: Rebalance Strategy
Replies: 6
Views: 320

Re: Rebalance Strategy

good point dbr, in my son's case there will be monthly deposit from his employer so there will be ongoing activity, thanks
by Oak&Elm
Tue Mar 31, 2020 8:00 am
Forum: Personal Investments
Topic: Rebalance Strategy
Replies: 6
Views: 320

Re: Rebalance Strategy

Thanks everyone, when I say my son is "hands off" he takes it to a whole new level, he has had this account for 6 years and yesterday was the first time he ever logged in. I think the annual rebalance might be good enough, thanks again
by Oak&Elm
Tue Mar 31, 2020 7:32 am
Forum: Personal Investments
Topic: Rebalance Strategy
Replies: 6
Views: 320

Rebalance Strategy

My 31 yo son asked for some help with his work sponsered 401k IRA. The plan is provided by Milliman and he has about 18 funds to choose from. On the equity side there is VITSX (TSM) which comes with an er of .03. On the bond side MWTSX (TBM) is a bit more expensive at er .37. The international optio...
by Oak&Elm
Thu Mar 12, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: My Solution
Replies: 20
Views: 1248

Re: My Solution

One can be in denial about it and look at their portfolio as "shares" vs. "dollars" but "shares" don't pay bills. Eventually those shares will need to be converted into dollars. Markets are not guaranteed to recover in an investor's time frame, lifetime, or ever. Curious, what is your solution? You...
by Oak&Elm
Thu Mar 12, 2020 8:09 am
Forum: Investing - Theory, News & General
Topic: My Solution
Replies: 20
Views: 1248

My Solution

Just a thought, instead of agonizing over the drop in your balances try just focusing on number of shares you own. Obviously if you didn't panic sell you own exactly the same number of shares as you did a month ago, and with new money and dividend reinvestment your gaining more shares at a lower pri...
by Oak&Elm
Mon Mar 09, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Colleague is Day Trading
Replies: 43
Views: 4222

Re: Colleague is Day Trading

FWIW, I know a guy who has been day trading for the 25 years since I have known him. All I know is both him and his wife do not have jobs, all he does is day trade. I once asked him how he does it and he very nicely told me to mind my own business. So to imply that nobody can making a living day tra...
by Oak&Elm
Thu Mar 05, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Installing solar - worth it?
Replies: 70
Views: 4122

Re: Installing solar - worth it?

Solar equipment has fairly sophisticated electrical components, all of which can fail over time, especially when subject to weather extremes, heat & moisture are vey tough on componet life. Also, keep in mind hail will be an issue too. If you have any type of battery storage they have a short life a...
by Oak&Elm
Thu Mar 05, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Installing solar - worth it?
Replies: 70
Views: 4122

Re: Installing solar - worth it?

I carry a state electrical license in Minnesota and could install my own solar panel system and even with that I don't have solar. My concern's are: *They look ugly on your roof *Expensive to maintain *Poor ROI *Doubles the cost if you need roof repairs. If however your Utility Company will offset t...
by Oak&Elm
Wed Mar 04, 2020 12:30 pm
Forum: Personal Investments
Topic: Roth contribution
Replies: 2
Views: 156

Re: Roth contribution

Thanks, yes this would be a manual contribution to max out 2019.
by Oak&Elm
Wed Mar 04, 2020 12:25 pm
Forum: Personal Investments
Topic: Roth contribution
Replies: 2
Views: 156

Roth contribution

If you contribute through payroll deduction into your Roth and have extra room in 2019 can you still max 2019 even though you have already made 2020 contributions?
by Oak&Elm
Mon Mar 02, 2020 8:25 am
Forum: Personal Investments
Topic: TLH and Dividends
Replies: 5
Views: 280

Re: TLH and Dividends

Nope I'm good, my last purchase of VTSAX was early January, I like to fund my Roth ASAP each year, just a habit
by Oak&Elm
Mon Mar 02, 2020 8:02 am
Forum: Personal Investments
Topic: TLH and Dividends
Replies: 5
Views: 280

Re: TLH and Dividends

Thank you, I will just shut off auto re-invest
by Oak&Elm
Mon Mar 02, 2020 7:45 am
Forum: Personal Investments
Topic: TLH and Dividends
Replies: 5
Views: 280

TLH and Dividends

I'm planning to sell VTSAX (TSM) in my taxable account to capture a loss and re-invest in VFIAX (S&P) this week. No problem.
Now since I also own VTSAX in my Roth as well and with dividends set to distribute at the end of the month do I need to turn off the auto invest for VTSAX in my Roth.
by Oak&Elm
Fri Feb 28, 2020 8:31 am
Forum: Personal Investments
Topic: Ready to pull the trigger
Replies: 5
Views: 737

Re: Ready to pull the trigger

Can't help but think about the bar of soap analogy; The more you handle it the smaller it gets
by Oak&Elm
Fri Feb 28, 2020 7:57 am
Forum: Personal Investments
Topic: tax loss harvesting ?
Replies: 6
Views: 363

Re: tax loss harvesting ?

I'm planning to TLH today as well, it's my understanding you can sell any fund or specific ID lots you want at a loss regardless of how long you have owned them, wait 30 days and repurchase same fund or repurchase a similar fund immediatley. If your planning to sell a S&P fund and buy more S&P immed...
by Oak&Elm
Tue Feb 25, 2020 10:10 am
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22088

Re: What did you learn from the 2/24 sell off?

I learned it helps to have a substantial allocation to bonds to help cushion against the big drop. Didn't do anything about it yesterday but it metally helps.
by Oak&Elm
Fri Feb 07, 2020 4:32 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3248

Re: 17 mo CD 2.25 apy Is there better?

I have been happy with Live Oak Bank, currently paying 2.15% on a 1 year cd. I would consider this versus the 2.25% at 17 months
by Oak&Elm
Tue Feb 04, 2020 7:29 pm
Forum: Personal Investments
Topic: UMN System Switch from Vanguard Target Date to expensive JPMorgan SmartRetirement Funds, Fiduciary?
Replies: 31
Views: 2669

Re: UMN System Switch from Vanguard Target Date to expensive JPMorgan SmartRetirement Funds, Fiduciary?

To be clear the university went from 5 brokerage firms to just one which is Fidelity. It did unfortunately push Vanguard out but you can build a 3 fund portfolio using Vanguard funds very easily with Fidelity’s “Core fund” offerings, actually even cheaper than what you would pay directly from Vangua...
by Oak&Elm
Tue Feb 04, 2020 7:28 pm
Forum: Personal Investments
Topic: UMN System Switch from Vanguard Target Date to expensive JPMorgan SmartRetirement Funds, Fiduciary?
Replies: 31
Views: 2669

Re: UMN System Switch from Vanguard Target Date to expensive JPMorgan SmartRetirement Funds, Fiduciary?

I work for the U of M and this is my retirement account. When I first heard the news I was upset we were moving to Fidelity but after looking at their core fund line up I was pleasantly surprised. For example the S&P fund option (Vanguard) VIIIX has a er of just .02. Total bond fund has an er of .03...
by Oak&Elm
Mon Feb 03, 2020 1:04 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6931

Re: My Sis is going to Ray James, is this fee right?

I would be curious how many DIYers on this forum are willing to pay someone for other tasks they could easily do themselves. For example, changing a set of brake pads is a 30 minute job that could save you $300. Installing a new light fixture equally as easy, there goes another $150. If someone wou...
by Oak&Elm
Mon Feb 03, 2020 9:36 am
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6931

Re: My Sis is going to Ray James, is this fee right?

I would be curious how many DIYers on this forum are willing to pay someone for other tasks they could easily do themselves. For example, changing a set of brake pads is a 30 minute job that could save you $300. Installing a new light fixture equally as easy, there goes another $150. If someone woul...
by Oak&Elm
Tue Dec 31, 2019 11:46 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Re: Rebalance Jitters

My opinion is you don't have much need to take as much risk as you now have, and you seem to be questioning it, so maybe you should lower risk to ~50% equity. I'm retired and have held 40-45% equity for a long time and the portfolio has actually grown over the years. Paul Thank you Paul, I think yo...
by Oak&Elm
Tue Dec 31, 2019 11:42 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Re: Rebalance Jitters

I do not agree with changing an asset allocation based upon the market being at an all time high (which is a regular occurrence) or feelings. I think in my case re-evaluating my AA is in order. In 2019 I had 6 long term muni-bonds called plus I have $14k ready to invest in our Roth's on 1/2/2020. A...
by Oak&Elm
Tue Dec 31, 2019 10:10 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Re: Rebalance Jitters

[/quote] AA is very reasonable to me especially if saving 2k/year when fully retired and stable income now and into the future with no debt(?). Also assuming 4% is a sufficient emergency fund. I would exit International and make TSM 60% and US bonds 36%.(Is this a total bond market or other that you...
by Oak&Elm
Tue Dec 31, 2019 9:48 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Re: Rebalance Jitters

I do have an IPS, it tells me the following: 62/38 US TSM 49% Internationa TSM 13% US Bonds 34% Cash 4% With the huge gains we have seen in 2019 I was considering what others have done, that is keep enough in fixed investments to live on in any market scenario and the rest can go on the equity pile ...
by Oak&Elm
Tue Dec 31, 2019 9:24 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Re: Rebalance Jitters

Horton wrote:
Tue Dec 31, 2019 9:18 am
Would you feel this way if the S&P 500 was down 29% this year, rather than up 29%?
Not sure how I would react, when I take the Vanguard risk test evaluation it tells me I should be at 80/20. It's different when it's real money versus an online quiz...
by Oak&Elm
Tue Dec 31, 2019 9:16 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Re: Rebalance Jitters

To add a little context, I started out 2019 at:

62/38
US TSM 49%
Internationa TSM 13%
US Bonds 34%
Cash 4%

All I would be doing here is basically letting the 2019 gains ride versus rebalancing back to my previous AA. My feeling is maybe I have been a bit too conservative.
by Oak&Elm
Tue Dec 31, 2019 8:58 am
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1798

Rebalance Jitters

I allow myself one week a year to adjust my AA, that would be the first week of January. When I read about other posters my age on this forum they mostly talk about no fear of any corrections and have equity allocations in excess of 70%. I'm thinking some of the posters are exaggerating because that...
by Oak&Elm
Wed Dec 25, 2019 12:04 pm
Forum: Personal Investments
Topic: Why no Dividend?
Replies: 33
Views: 3569

Re: Why no Dividend?

I use several ways to confirm when my dividend has been paid,
1, transaction activity
2, available balance when not reinvesting- shows up in settlement account
3, increase in shares if reinvesting - yes I keep track
by Oak&Elm
Wed Dec 25, 2019 6:21 am
Forum: Personal Investments
Topic: Why no Dividend?
Replies: 33
Views: 3569

Re: Why no Dividend?

As for why I bought the dividend... I had a individual muni bond mature and have been adding stock in my brokerage account, I read a couple threads on buying close to a distribution and there were good points on both sides, I went with the time in the market logic. Btw my dividend came in overnight,...