Search found 28 matches

by Agcentral
Sun Aug 18, 2019 11:13 am
Forum: Personal Investments
Topic: Keeping track of our assets
Replies: 2
Views: 584

Keeping track of our assets

A relative of mine does not use a computer. The only way that she can keep a record of her assets (the value of those assets and where those assets reside etc.) is to do so manually (in writing). Is there an existing journal/book or spreadsheet that can be printed so she can simply fill in the blank...
by Agcentral
Mon May 27, 2019 5:27 am
Forum: Personal Investments
Topic: Keeping Track of Your Investments
Replies: 5
Views: 770

Keeping Track of Your Investments

I have a son who has limited computer skills.

I suspect that he will need some means to keep track of his investments/portfolio.

Please provide your recommendation of a book or journal to manually record and keep track of where the money is.

MUCH appreciated.
by Agcentral
Tue Nov 06, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 17069

Re: How much money are you leaving your kids after you die?

Legacy is everything to me. I love my kids. My grandkids fall far... far and away behind my sons. Life is unpredictable. Like my parent, I want to give them a chance to live comfortably during their retirement. To me, having money is not about what's in it for me. It's about not worrying about tomor...
by Agcentral
Tue Nov 06, 2018 9:20 pm
Forum: Personal Investments
Topic: Is there any real reasonable rationale as to why the Stock Market “Collapses? when…
Replies: 14
Views: 2029

Is there any real reasonable rationale as to why the Stock Market “Collapses? when…

There is a skirmish/war somewhere out there or when a company’s impropriety actions surfaces (i.e. Enron) etc? Seems to me this is an unwarranted knee jerk reaction as the market always recovers sooner or later. Is it because there is a money motivator out there of one kind or another behind the dip...
by Agcentral
Sat Oct 27, 2018 5:35 pm
Forum: Personal Investments
Topic: I-Bond Living In An Irrevocable Trust - Me Trying to be Slick (but Legally)
Replies: 4
Views: 493

Re: I-Bond Living In An Irrevocable Trust - Me Trying to be Slick (but Legally)

Gill... You ask the following: "Transferring the bond to another owner will trigger income tax on the bond. If this is an irrevocable trust, do you have this authority? Are you sure it's an irrevocable trust? That would be a bit unusual. What is the face value and the current redemption value o...
by Agcentral
Sat Oct 27, 2018 4:23 pm
Forum: Personal Investments
Topic: I-Bond Living In An Irrevocable Trust - Me Trying to be Slick (but Legally)
Replies: 4
Views: 493

I-Bond Living In An Irrevocable Trust - Me Trying to be Slick (but Legally)

I-Bond Living In An Irrevocable Trust World Question is: Can I take the Bond out of the trust by changing the owner’s name from the trust name into my personal name then close the bond and pay a lower tax rate (12% versus 24%) based on my personal income tax rate? Background should it be necessary: ...
by Agcentral
Fri Oct 26, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust
Replies: 15
Views: 2230

Re: Living Revocable Trust

Thanks Zott... very much. That's it! Mystery solved. Actually I have two (2) trusts.... one (revocable) trust that I created in the new state I moved to -and- one (irrevocable) that a parent left me that morphed from a revocable trust to an irrevocable trust on death. As trustee of the irrevocable t...
by Agcentral
Thu Oct 25, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust
Replies: 15
Views: 2230

Re: Living Revocable Trust

Take my thoughts carefully as I do not feel secure in what I write as I would never claim to be an expert so I will just give thoughts... I too wanted to structure my legal/estate paperwork to: 1.) Reduce the effort required of my kids/beneficiaries to obtain their inheritance 2.) Keep the terms of ...
by Agcentral
Wed Oct 03, 2018 2:43 am
Forum: Personal Investments
Topic: Federal Income Tax Question – Use Form 1041 or Form 1040 to Report Interest Income?
Replies: 4
Views: 516

Federal Income Tax Question – Use Form 1041 or Form 1040 to Report Interest Income?

Tax Question This one is difficult for me to figure out. I have an Irrevocable Trust. I am the sole trustee. One of the accounts under the Trust is a 30 Year Treasury Bond. That Treasury Direct account is listed under the legal name of the Trust. Treasury Direct sends me a check for the interest ear...
by Agcentral
Thu Sep 13, 2018 9:39 pm
Forum: Personal Investments
Topic: Frozen In Place - Buying a Home - Don't know what to do
Replies: 13
Views: 1048

Re: Frozen In Place - Buying a Home - Don't know what to do

I am receptive to condos, single family homes etc. I am wide open and considering all. I have lived in apartments for the past 20 years as I have never felt comfortable/stable in my work life to put myself in a position of possibly being laid off (the energy industry has been WAY up and WAY down ove...
by Agcentral
Thu Sep 13, 2018 9:32 pm
Forum: Personal Investments
Topic: Frozen In Place - Buying a Home - Don't know what to do
Replies: 13
Views: 1048

Re: Frozen In Place - Buying a Home - Don't know what to do

Thanks btenny... I was hoping for a high level view on this without going into detail... that is, as a percentage of overall assets, if 20% for a home seemed reasonable to those with the smarts on this board.

Again, I am living within my means... expenses are less than revenue.
by Agcentral
Thu Sep 13, 2018 9:17 pm
Forum: Personal Investments
Topic: Frozen In Place - Buying a Home - Don't know what to do
Replies: 13
Views: 1048

Frozen In Place - Buying a Home - Don't know what to do

Your thoughts, please on the purchase of Real Estate (a home). I am recently retired and am really stressed about spending large $’s on a home. Still, I want to, at least feel, some sense of stability that I believe a home can bring. I moved out of state (to Florida) last year and am living in an ap...
by Agcentral
Wed Aug 22, 2018 10:03 pm
Forum: Personal Investments
Topic: Inheriting Roth IRAs – How to Calculate RMDs
Replies: 12
Views: 1186

Inheriting Roth IRAs – How to Calculate RMDs

My understanding is that the beneficiary of a Roth IRA must withdraw (annually) an RMD. That RMD would be: Assuming the beneficiary is 40 years old. Assuming the life expectancy tables show 90 years old for that beneficiary. Assuming the Roth IRA is valued at date of donors death to be $100,000. The...
by Agcentral
Wed Aug 22, 2018 9:48 pm
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 6291

Re: Test your cognitive biases

I apologize to the Bogle master family as I am afraid I embarrassed the group… I’m in the 25-50% quartile. As you can see, I managed to drag the group down with my poor test results. Still… I think you high scoring folks owe me a Thank You as (just like in high school where the results of the test c...
by Agcentral
Wed Aug 22, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Roth IRA
Replies: 7
Views: 908

Re: Inherited Roth IRA

Question.... Please, please give me your thoughts. In the last 5 years working, I pushed very hard to put as much $$$ in my 401K Roth (as allowed) and the balance in 401K period as I could. On leaving the company, I rolled over all of my 401K into Roth IRAs. Paid taxes for those accounts that were p...
by Agcentral
Sun Aug 19, 2018 3:57 am
Forum: Personal Finance (Not Investing)
Topic: 'Online Banking – School Me’ 2
Replies: 27
Views: 2627

'Online Banking – School Me’ 2

This is a take-off of the post entitled ‘Online Banking – School Me’… I’ve been struggling with this for a long time. How can any of you… transfer 10’s of thousands ($$$) of your hard-earned money to an ‘Online Bank’ (etc. Ally etc)????? To me I am sending big $$$ to an institution I can’t see or vi...
by Agcentral
Mon Jul 30, 2018 5:37 pm
Forum: Personal Investments
Topic: Greatest Risk for Intrusion/Hacking Etc.
Replies: 8
Views: 1102

Greatest Risk for Intrusion/Hacking Etc.

Hello ... What would you imagine is the greatest security risk for someone maliciously gaining access to your accounts? 1.) Mail/Snail Mail ... someone stealing your physical mail (statements etc.) -or- 2.) Electronic access to your accounts online? My mother, wow I appreciate her effort at her late...
by Agcentral
Tue Feb 20, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Gifting to Parent who might need Medicaid Nursing Home
Replies: 21
Views: 2396

Re: Gifting to Parent who might need Medicaid Nursing Home

My understanding (could be wrong) is that Medicaid looks back five (5) years to ensure an aged person has not gifted or otherwise disposed of their remaining assets to determine if such action was done purposely. It is clear that Medicaid will take every dime the aged person has as well as any incom...
by Agcentral
Thu Jan 25, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Shall I buy LTC - fixed premium universal life insurance?
Replies: 30
Views: 2429

Re: Shall I buy LTC - fixed premium universal life insurance?

Should you elect to purchase LTC insurance, I suggest you check the financial health of the insurance provider. My mother paid premiums for many/many years for LTC insurance. Unfortunately she was notified by the insurance company that they had filed for bankruptcy or reorganization years ago. Last ...
by Agcentral
Tue Jan 09, 2018 8:05 pm
Forum: Personal Investments
Topic: I'm Simply Not on the Same Plane As You
Replies: 25
Views: 5097

Re: I'm Simply Not on the Same Plane As You

My budget is hard line... I am determined to keep my expenses below the combination of my Soc Security + Pension. But I admit that's tight. As far as Medical and Long Care Expenses. The truth is in 10 years I hope not to be concerned about that. I intend to issue an Irrevocable Trust within the next...
by Agcentral
Tue Jan 09, 2018 7:54 pm
Forum: Personal Investments
Topic: I'm Simply Not on the Same Plane As You
Replies: 25
Views: 5097

I'm Simply Not on the Same Plane As You

But for a guy who is headed to 70 who is not up on balancing and who has rode Enron down to nothing... two (2) failed marriages ($$$$) I'm highly conservative. This is about my kids whom I wish to leave some sense of security.... How awful is this allocation: Cash 2% CDs Roth 35% CD Not Roth 3% Real...
by Agcentral
Tue Jan 09, 2018 12:48 pm
Forum: Personal Investments
Topic: Vanguard, Fidelity [looking for good CD rates]
Replies: 8
Views: 1824

Re: Vanguard, Fidelity [looking for good CD rates]

Livesoft.... You responded: "I don't get the question. It reads like you want to buy CDs at Vanguard and Fidelity, so why do you need to research what other companies have to offer?" Reason for looking for other companies is that each deposit is ensured by FDIC up to $250K maximum. But.......
by Agcentral
Mon Jan 08, 2018 5:36 pm
Forum: Personal Investments
Topic: Vanguard, Fidelity [looking for good CD rates]
Replies: 8
Views: 1824

Vanguard, Fidelity [looking for good CD rates]

Hoping for your help please. I am moving (transferring) Roth IRA money to Vanguard and Fidelity under the FDIC limits for CDs which I intend to invest in once the transfers are completed. Are there any other comparable large investment companies that I can research to see if they offer comparable CD...
by Agcentral
Mon Dec 25, 2017 9:50 pm
Forum: Personal Investments
Topic: Roth IRAs - Can they pull a switch-a-roo?
Replies: 34
Views: 3923

Re: Roth IRAs - Can they pull a switch-a-roo?

Thanks very much for your responses. It is, unfortunately, what I thought I would get. My deal is.... unlike so many on this forum... my plan is to pass along my Roths on my death to the kids and not take money out of them to live off of. I paid a lot in the form of taxes to covert my 401K to Roths....
by Agcentral
Mon Dec 25, 2017 9:42 pm
Forum: Personal Investments
Topic: Roth IRAs - Can they pull a switch-a-roo?
Replies: 34
Views: 3923

Roth IRAs - Can they pull a switch-a-roo?

I should know this but I don't.

Can the government change the rules in any manner they choose on something like Roth IRAs after we obtain them -and- if so, is it likely they might make it effective on new investments and grandfather (leave as is) existing Roths?
by Agcentral
Sat Sep 16, 2017 6:10 am
Forum: Personal Investments
Topic: Bipolar Investor Wants to Roll The Dice
Replies: 12
Views: 2318

Bipolar Investor Wants to Roll The Dice

…. Within limits. (Vanguard investment limits that is) I would like to invest in a Vanguard mutual/index fund with my last (2017) Roth purchase ($6500). Status: Retired as of June, 2017 Total Vanguard investments are presently 20% of my total holdings This Roth venture represent less than 1% of my t...
by Agcentral
Fri Jan 08, 2016 8:55 pm
Forum: Personal Consumer Issues
Topic: Building a new small home
Replies: 37
Views: 5163

Re: Building a new small home

Me likee. But me think this is all talking heads. It's all talk unless someone can give a clue on where you can find SPECIFIC locations that will allow you to build or haul in one of these TIneys. Tell me how to do that and this is worth the discussion. Personally I don't want to live out in the mid...
by Agcentral
Mon Oct 12, 2015 6:36 pm
Forum: Personal Consumer Issues
Topic: Where to retire in Florida?
Replies: 165
Views: 32153

Where to retire in Florida?

Looking to retire in Florida. Target 14 months. Preference is to be on the West Coast. But where exactly to buy… I don’t know. Plan is to move into a rental and look around for a year. My question is… how do I narrow the choices down? Not much luck so far in searching the internet. They have sites f...