Search found 3945 matches

by student
Tue Oct 22, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: US tax due for wire transfer from China?
Replies: 17
Views: 773

Re: US tax due for wire transfer from China?

OP, Just to confirm, are you a US citizen? Many forum members answer your question based on that assumption. You should confirm this assumption. KlangFool OP says "This is a unique situation, as I'm an American married to FORMER PR (always filed taxes jointly) who is now no longer in possession of ...
by student
Tue Oct 22, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: US tax due for wire transfer from China?
Replies: 17
Views: 773

Re: US tax due for wire transfer from China?

OP, Just to confirm, are you a US citizen? Many forum members answer your question based on that assumption. You should confirm this assumption. KlangFool OP says "This is a unique situation, as I'm an American married to FORMER PR (always filed taxes jointly) who is now no longer in possession of ...
by student
Tue Oct 22, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: US tax due for wire transfer from China?
Replies: 17
Views: 773

Re: US tax due for wire transfer from China?

OP, Just to confirm, are you a US citizen? Many forum members answer your question based on that assumption. You should confirm this assumption. KlangFool OP says "This is a unique situation, as I'm an American married to FORMER PR (always filed taxes jointly) who is now no longer in possession of ...
by student
Mon Oct 21, 2019 7:58 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 23
Views: 2031

Re: Large Position in Fidelity Blue Chip (FBGRX)

The ER is ok for an active fund. I would do the following.

1) Stop reinvesting.
2) Look at the cost basis and sell any that have a loss (from reinvesting) to get tax benefits.
by student
Sun Oct 20, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 3827

Re: Deed fraud (on your home)- anyone have insight?

What's being said in short, I believe, and with which I agree, is that it's very unlikely that the final decision of the legal system in a crime like this would be that the legitimate homeowner must make whole the defrauded buyer and/or defrauded lender. If that were plausible, I might pay to insur...
by student
Sun Oct 20, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 79
Views: 7585

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Thirty plus years ago when we were newly married we bought a new car for my wife and listed her car in the classified ads for a fair price of $1200. Two potential buyers came by the same day. A young single mom and a young man. The single mom wanted the car but felt she could only afford $1000. I t...
by student
Sun Oct 20, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 3827

Re: Deed fraud (on your home)- anyone have insight?

What's being said in short, I believe, and with which I agree, is that it's very unlikely that the final decision of the legal system in a crime like this would be that the legitimate homeowner must make whole the defrauded buyer and/or defrauded lender. If that were plausible, I might pay to insur...
by student
Sun Oct 20, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 3827

Re: Deed fraud (on your home)- anyone have insight?

With due respect should not be a risk for homeowners. I had never heard of or worried about this risk. For now, I will assume jdb is correct and I will still not worry. We paid off our mortgage more than twenty years ago and we have never had any home equity loans. When we recently created a joint ...
by student
Sun Oct 20, 2019 7:00 am
Forum: Investing - Theory, News & General
Topic: Cost basis question
Replies: 3
Views: 664

Re: Cost basis question

Average cost or specific share does not come into play until you are selling. As long as you have not sold any share using average cost, you can always switch to specific share.
by student
Sat Oct 19, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

Bonds for Retirement Saving: TIAA Traditional’s Lessons on Quality, Duration, Risk, and Gradual Withdrawals by Gabriel A. Lozada Department of Economics, University of Utah Salt Lake City, UT 84112, USA http://content.csbs.utah.edu/~lozada/Research/MTIAA_4_UU.pdf Clearly, most of the posters here k...
by student
Sat Oct 19, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

I wonder whether educators who invested with TIAA in the days when TIAA only offered two choices, CREF Stock and Traditional, have done better or worse than younger generations of educators who have had many more choices. However it would probably be difficult to get the data to investigate this, a...
by student
Sat Oct 19, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 79
Views: 7585

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Student wrote - Why is it not prudent for the seller to talk to his/her attorney? He/she can only be sure that his/her attorney (not the realtors) is there to protect his/her interests A common misperception that I have seen on Bogleheads through the years. A licensed real estate agent or broker th...
by student
Sat Oct 19, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 3827

Re: Deed fraud (on your home)- anyone have insight?

In Orange County FL we are able to register to receive notifications if a record is filed against your property. I signed up earlier this year and subsequently opened a HELOC. I was notified by an email once that related paperwork was filed. It certainly provides peace of mind.The County uses a ser...
by student
Sat Oct 19, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 79
Views: 7585

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I don't understand the negative attitude towards the seller. It was not something that he/she was familiar with and while a 1031 exchange is not uncommon, it is not exactly common either. I have heard of it but I do not know the details. Why is it not prudent for the seller to talk to his/her attor...
by student
Sat Oct 19, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 100
Views: 12885

Re: I bought a STOLEN vehicle!!!

No money back for my friend. Same things: Sheriff repo on Christmas eve. DMV took the money to register in his name. Seller was a car dealer and had no knowledge it was stolen. Friend got a lawyer but still had to pay the bank loan on stolen vehicle in the end. Did you friend sue the the car dealer...
by student
Sat Oct 19, 2019 8:00 am
Forum: Personal Investments
Topic: Transfer ETF's in-kind from Vanguard to Schwab?
Replies: 22
Views: 1286

Re: Transfer ETF's in-kind from Vanguard to Schwab?

Not sure what "in-kind" means and maybe someone can enlighten me. But I did a transfer from Chase YI to Schwab and my MJLXX (or something like that, a JPM MMA) didn't transfer because Schwab couldn't transfer it. I tried to sell it at Chase, but I couldn't because "a transfer was in progress." Any ...
by student
Sat Oct 19, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 79
Views: 7585

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I am a lawyer with an LLM in tax. While I can’t give you legal advice, I can give you a suggestion: don’t bother hiring a tax lawyer for this on the sale side. Like others have said, it’s really just an acknowledgement form the buyer needs in case there is ever an audit by the IRS for the purchase ...
by student
Sat Oct 19, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Living trust questions
Replies: 2
Views: 461

Re: Living trust questions

Gill wrote:
Fri Oct 18, 2019 8:22 pm
You won’t have any Federal estate tax, trust or no trust. Yes, the trust becomes irrevocable at your death.
Gill
Thanks.
by student
Sat Oct 19, 2019 5:56 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

I wonder whether educators who invested with TIAA in the days when TIAA only offered two choices, CREF Stock and Traditional, have done better or worse than younger generations of educators who have had many more choices. However it would probably be difficult to get the data to investigate this, a...
by student
Fri Oct 18, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

So should I stop putting fixes income contributions in Trad? Almost the entirety of that portion of my (smallish) portfolio is in Trad. I don't think the paper suggests that you should stop putting money in there, it is just there is no free lunch, and it should not be one. I think Northern Flicker...
by student
Fri Oct 18, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust questions
Replies: 2
Views: 461

Living trust questions

I set up a living trust a while ago and I thought I understood it. Now I am not so sure. Before I ask my lawyer, I thought I would ask the questions here. Since I am uncomfortable putting assets in my living trust now, the setup is the following: 1) Taxable accounts: Student Living Trust is the bene...
by student
Fri Oct 18, 2019 12:24 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

Such technical details aside, we've learned from Trurl Klapaucius is that TIAA's General Account quality is somewhat worse now than it was at year-end 2015. I wonder whether this is due to the low interest rate environment. Since TIAA has contractual obligations to credit TIAA Traditional participa...
by student
Fri Oct 18, 2019 12:20 pm
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3015

Re: I'm an indexer, but should I be buying my companies discounted stock?

Sure, buy it at a discount and sell upon vesting. Consider it alongside your other taxable investments. +1. I dont think this is true. But the taxation of ESPP is quite complicated. What is not true? My rationale is the following. I have two choices. 1) Do not buy shares. Then the expected value is...
by student
Fri Oct 18, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 100
Views: 12885

Re: I bought a STOLEN vehicle!!!

Is there a business out there they will charge you for a fee to make sure the car title is "clean" and guarantee it? So you pay a fee, it will do a search, if it says the title is clean, it will insured its authenticity.
by student
Fri Oct 18, 2019 7:30 am
Forum: Personal Investments
Topic: Does Fidelity have a performance view?
Replies: 35
Views: 2280

Re: Does Fidelity have a performance view?

I have the performance view and I have never called to ask for it. I am not a member of premium services. Interesting.
by student
Fri Oct 18, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 100
Views: 12885

Re: I bought a STOLEN vehicle!!!

No money back for my friend. Same things: Sheriff repo on Christmas eve. DMV took the money to register in his name. Seller was a car dealer and had no knowledge it was stolen. Friend got a lawyer but still had to pay the bank loan on stolen vehicle in the end. Did you friend sue the the car dealer?
by student
Thu Oct 17, 2019 7:28 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

Such technical details aside, we've learned from Trurl Klapaucius is that TIAA's General Account quality is somewhat worse now than it was at year-end 2015. I wonder whether this is due to the low interest rate environment. Since TIAA has contractual obligations to credit TIAA Traditional participa...
by student
Thu Oct 17, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 27
Views: 3555

Re: Handling a substantial salary increase - suggestions?

Maintain your current lifestyle for a year and then reevaluate.
by student
Thu Oct 17, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: My mechanic just wrecked my car - advice?
Replies: 101
Views: 7609

Re: **UPDATE** My mechanic just wrecked my Subaru

Thank you for the update.
by student
Thu Oct 17, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

Looking at this file, it looks like the "weighted average" is tilted towards A rather than BBB. The problem is, you can’t simply look at the list of ratings and estimate their weighted average. This is because, as pointed out on pages 5-6 of Lozada’s paper, “there is no meaningful way in which the ...
by student
Thu Oct 17, 2019 11:45 am
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3015

Re: I'm an indexer, but should I be buying my companies discounted stock?

Sure, buy it at a discount and sell upon vesting. Consider it alongside your other taxable investments. +1. I dont think this is true. But the taxation of ESPP is quite complicated. What is not true? My rationale is the following. I have two choices. 1) Do not buy shares. Then the expected value is...
by student
Thu Oct 17, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

Looking at this file, it looks like the "weighted average" is tilted towards A rather than BBB. https://www.tiaa.org/public/pdf/performance/retirement/profiles/TIAA_Gen_Act_Fin_Strength.pdf Regarding the rating, I wonder whether the surplus of 38.8B has anything to do with it. It is non-trivial to ...
by student
Thu Oct 17, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

Gabriel A. Lozada wrote:
Thu Oct 17, 2019 9:46 am
...
Thank you so much for answering my question.
by student
Thu Oct 17, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Good camera system to watch the nanny
Replies: 70
Views: 4088

Re: Good camera system to watch the nanny

Once person mentioned Wyze. I also find it inexpensive and good.
by student
Thu Oct 17, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

I'm the author of the article... Welcome to the forum, and congratulations on writing such a fascinating paper! Your paper does a lot, probably more than any, to pierce the veil of mystery (cult of personality?) surrounding TIAA’s investment magic. I found the description of how you developed the m...
by student
Thu Oct 17, 2019 9:00 am
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3015

Re: I'm an indexer, but should I be buying my companies discounted stock?

Tamarind wrote:
Thu Oct 17, 2019 5:57 am
Sure, buy it at a discount and sell upon vesting. Consider it alongside your other taxable investments.
+1.
by student
Thu Oct 17, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 139
Views: 8924

Re: What percent of net worth should a persons house be?

I also think that it is strange to use net worth as a yard stick. For a regular Joe who is working, I find that it is more appropriate to use annual income. The one that I use is between 2x and 3x annual income. When I purchased mine close to 20 years ago, it was 3x my income, now it is under 2x. (I...
by student
Thu Oct 17, 2019 6:31 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 94
Views: 7160

Re: Composition and safety of TIAA traditional annuity

I'm the author of the article cited by Trurl Klapaucius and decided to register here in order to be able to discuss the article with those of you who are interested. I very much appreciate the interest shown in it. Thank you for posting. I haven't read your entire paper yet but it looks interesting...
by student
Wed Oct 16, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Book: "What Your Financial Advisor Isn't Telling You"
Replies: 8
Views: 1086

Re: Book: "What Your Financial Advisor Isn't Telling You"

Have you read the sample pages from Amazon? Also you should check your library. Our public library has a copy. Although I have not read this particular book, I have read a few related books. By experience is that they do not offer anything that I do not already know or anything that I could not lear...
by student
Wed Oct 16, 2019 10:40 am
Forum: Personal Investments
Topic: Transfering from mutual fund companies to Schwab
Replies: 4
Views: 278

Re: Transfering from mutual fund companies to Schwab

Along with bonus, do Schwab reimburse the "in kind" transfer fee (if any) by American Century and Ariel. Typically this fee cost anywhere between $50 to $100. Good question. My guess is not but I will check. If they do, I will request Schwab to cover it before I do the transfer. Thanks. When you sp...
by student
Wed Oct 16, 2019 10:13 am
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 40
Views: 3426

Re: Cash basically sitting uninvested. What to do?

I would also dollar average in to the market and I would do it over 12 months. This is purely for psychological reasons. (Research shows that lump sum usually perform better.)
by student
Wed Oct 16, 2019 9:56 am
Forum: Personal Investments
Topic: Transfering from mutual fund companies to Schwab
Replies: 4
Views: 278

Re: Transfering from mutual fund companies to Schwab

wyoming82240 wrote:
Wed Oct 16, 2019 9:54 am
Along with bonus, do Schwab reimburse the "in kind" transfer fee (if any) by American Century and Ariel. Typically this fee cost anywhere between $50 to $100.
Good question. My guess is not but I will check. If they do, I will request Schwab to cover it before I do the transfer.

Thanks.
by student
Wed Oct 16, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: Edward Jones presentation at the senior center
Replies: 44
Views: 6281

Re: Edward Jones presentation at the senior center

For whatever reasons, Edward Jones always rank near the top at J.D. Power Survey. https://www.jdpower.com/business/press- ... tion-study Personally I would never go with them.
by student
Wed Oct 16, 2019 9:44 am
Forum: Personal Investments
Topic: Transfering from mutual fund companies to Schwab
Replies: 4
Views: 278

Transfering from mutual fund companies to Schwab

Since Schwab is offering a transfer bonus, which I think will not be so easy to get in the future, I am considering consolidation. I have accounts at American Century and Ariel (active funds) that were from long time ago that I have not contributed in years with dividend reinvestment turned off. I o...
by student
Mon Oct 14, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 4661

Re: REITs or investment property?

Please take a look at this thread about a nightmare tenant. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=191039 Honestly that's not really a nightmare tenant..... the nightmare tenant is the one that doesn't pay plus destroys the property. That was just a routine eviction that ran its cours...
by student
Mon Oct 14, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 5810

Re: Frustrated with dentist fees

It depends on the contract. If the contract says a participating dentist can only get what the insurance is paying, then that is the end of the payment; otherwise, you owe the amount. I did not understand why dentists do not follow same rules as other medical doctors . Are there any dentists who wi...
by student
Mon Oct 14, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 5810

Re: Frustrated with dentist fees

It depends on the contract. If the contract says a participating dentist can only get what the insurance is paying, then that is the end of the payment; otherwise, you owe the amount.
by student
Mon Oct 14, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5470

Re: poor Boglehead sending my kids to college

Unless you really don't have the means, I would absolutely not let my kids stay at home for college. Living on campus / on their own is such a necessary (IMO) part of developing into an adult. In my family, we all stayed at home while going to college. However, we did live on our own when we had su...
by student
Mon Oct 14, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5470

Re: poor Boglehead sending my kids to college

Send them to community college for first 2 years. Then transfer to cheap state school. It varies from state to state and school to school, but 2 years community/junior college then finish at 4 year often does not work out well, particularly anything to do with STEM. Even in majors where it might wo...
by student
Mon Oct 14, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5470

Re: poor Boglehead sending my kids to college

dknightd wrote:
Mon Oct 14, 2019 3:00 pm
"poor Boglehead sending my kids to college"

You are not poor!

Your kids have a huge advantage. I hope everybody realizes this!
I think we know OP is not poor, including the OP, since he put "poor bogleheads" in quotes in the first post. ;-)