Search found 202 matches

by Sandtrap
Sat Jan 07, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?
Replies: 26
Views: 2638

Re: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?

Asset location is more of a tax issue, as far as the link above. Could also be used to spread your assets, though having retirement and taxable in two locations may not spread them evenly. Thanks for the help. Does that mean that having one portfolio in one location that is more favorably tax advan...
by Sandtrap
Sat Jan 07, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?
Replies: 26
Views: 2638

Re: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?

Call_Me_Op wrote:I would stick with two accounts.


Thanks for the response.

Why? :confused
by Sandtrap
Fri Jan 06, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9692

Re: Learning an instrument as an adult?

I tried learning acoustic guitar a few years ago. I took 6 months of lessons and found it incredibly difficult. As another poster said, it was tough to find the time to practice with a job and family. It only increased my admiration and respect for musicians who make it look so easy. I love listeni...
by Sandtrap
Fri Jan 06, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: Getting rid of mice
Replies: 79
Views: 3740

Re: Getting rid of mice

Get a cat :happy Cats aren't really a solution to rodents. Rodents live in the walls and attics where cats can't get at them. While the cats may kill a few that stray into the living space, they are unlikely to take care of all of them. Yes, we have two cats and we've never had any mice in our livi...
by Sandtrap
Fri Jan 06, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 100
Views: 4509

Re: What monetary value has your education provided you?

Also, what monetary value has been lost by an education path not taken?

Pre-Med scholarship not taken ? Maybe huge loss$$

Finance - economics degree/double major literature instead. Comparative gain? Unknown.
by Sandtrap
Fri Jan 06, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 760

Re: Problem: Electronic transfer limits. Also: portfolio advice.

Please explain "pull it via ACH" ?? Google is your friend: ACH - Google Search . Basically you can think of ACH as electronic funds transfer, and "pull" means to initiate the transaction at the receiving financial institution, in this case Vanguard. Low transfer limits for outgo...
by Sandtrap
Fri Jan 06, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 760

Re: Problem: Electronic transfer limits. Also: portfolio advice.

I've never hit limits pulling in (via ACH) to Vanguard from brick and mortar bank. As mentioned above PULL from your Vanguard account to your linked bank account. That means you initiate the transaction at Vanguard. Okay. Thanks so much for the help everyone. I was on the phone (again) with Vanguar...
by Sandtrap
Fri Jan 06, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 760

Re: Problem: Electronic transfer limits. Also: portfolio advice.

CyberBob wrote:You don't transfer it from your bank, you give Vanguard your account info and let them pull it via ACH.


Thanks for the help.

Are there limits to the transfer If I do it on the Vanguard site?

Please explain "pull it via ACH" ??

Thanks again.
by Sandtrap
Fri Jan 06, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 760

Re: Problem: Electronic transfer limits. Also: portfolio advice.

[/quote] How about wiring the money? I'm not sure if we've encountered the limits you are mentioning (did you speak with someone about this? are they new accounts?), but we definitely have never had difficulty wiring much larger amounts for things like real estate purchases. (But it's nothing like i...
by Sandtrap
Fri Jan 06, 2017 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 760

Re: Problem: Electronic transfer limits. Also: portfolio advice.

BOH? FHB? Can you spell out their names? Ally Bank allows up to $150k transfer out per day and $600k per month. If the amount is larger, a wire transfer will work better. Ally charges a very modest amount of $20 per outgoing wire transfer and nothing for incoming wires. If you can get wire transfer...
by Sandtrap
Fri Jan 06, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Problem: Electronic transfer limits. Also: portfolio advice.
Replies: 17
Views: 760

Problem: Electronic transfer limits. Also: portfolio advice.

Thank you to everyone for helping me set up with Vanguard. I have linked my (prior residence) banks as well as local, IE: FHB, BOH, Chase, etc. but have now found out that there are amount limits to electronic transfers to accounts outside of the bank. First H'wn Bank and BOH, Chase, have similar, $...
by Sandtrap
Fri Jan 06, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How to approach getting new wills, trusts, with a blended family
Replies: 51
Views: 2468

Re: How to approach getting new wills, trusts, with a blended family

You and your wife would have Wills with marital and credit shelter trusts, and trusts for the children. That way, you can each provide for the children in whatever way you want. Each child's share would be in a separate trust for his or her own benefit, to keep their inheritances out of their estat...
by Sandtrap
Fri Jan 06, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Running electrical wire (Romex) on outside of house without conduit. Allowed?
Replies: 29
Views: 2574

Re: Running electrical wire (Romex) on outside of house without conduit. Allowed?

Welcome to my world, where hindsight is always 20/20. Looking back, you might wish you'd said, "You know, let's put that in conduit. In fact, if I have to run it once chances are I'll have to run another one again, so make that conduit large enough for another wire or two. Better yet, leave a ...
by Sandtrap
Fri Jan 06, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?
Replies: 26
Views: 2638

Re: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?



Thanks so much.
This is exactly what I needed to learn next.
Homework.
Will get right on it.
by Sandtrap
Thu Jan 05, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?
Replies: 26
Views: 2638

Re: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?

Congratulations on the 3-fund portfolio. I'm a fan of simplicity as well (though I do have a bit of $ in REITs and TIPS). One advantage of such a plan is having your money spread over 2 financial institutions. In my opinion, this is as important as holding a diversity of asset classes in one's port...
by Sandtrap
Thu Jan 05, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?
Replies: 26
Views: 2638

Pros and cons of having a 3 fund portfolio at Schwab and another at Vanguard?

Newly retired. Married. Age 63. No pension. No debt. Own home. Zero liabilities. LCOL state. 4-6 mil in liquid savings (after tax) from business sale. What are the advantages and/or disadvantages of having a 3 fund portfolio at Schwab and another at Vanguard? Is it uselessly redundant? Does it add a...
by Sandtrap
Thu Jan 05, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How to approach getting new wills, trusts, with a blended family
Replies: 51
Views: 2468

Re: How to approach getting new wills, trusts, with a blended family

Trusts are usually (if not always) recommended for high net worth blended families and situations where some exercise of control "beyond the grave" is advisable. I agree with early out that the starting point is an agreement with your wife. I also recommend Beyond the Grave . It is as muc...
by Sandtrap
Thu Jan 05, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to approach getting new wills, trusts, with a blended family
Replies: 51
Views: 2468

Re: How to approach getting new wills, trusts, with a blended family

Regarding "legal counsel". "Drive though window, hamburger hotdog, boilerplate, fill in the blank (software)" trusts are the bread n butter of many trust attorneys and firms. Also includes a very nice looking binder with dividers. Also may include home visits and home notarizing ...
by Sandtrap
Thu Jan 05, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: How to approach getting new wills, trusts, with a blended family
Replies: 51
Views: 2468

Re: How to approach getting new wills, trusts, with a blended family

Read and reread: "Beyond The Grave" by Gerald M. Condon "Wills, Trusts, and Estates" by Gerry W. Beyer Consider a "Bypass" or "Credit Shelter Trust", not only for tax benefits but, more importantly, adapt to the dynamics of "blended" families. Resear...
by Sandtrap
Tue Jan 03, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: You have 5-10 minutes to teach someone about personal finance
Replies: 54
Views: 3935

Re: You have 5-10 minutes to teach someone about personal finance

I taught my son with "chickens and eggs". You work your whole life at the chicken farm so you have eggs to eat. Otherwise, no work, no eggs. (Eggs = money) But, if you save up enough eggs on the side you can buy your first chicken with those eggs. Keep that up. Eventually you no longer hav...
by Sandtrap
Tue Jan 03, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Large purchase anxiety!
Replies: 24
Views: 2634

Re: Large purchase anxiety!

Financial decisions require a deliberate, unemotional, methodical, structured, and objectively computational, approach. OCD?
Anxiety = emotion, doubt, second thoughts, buyers remorse (common).

Though I will "vacillate" :| buying an upgrade ssd drive :dollar for my macbook pro.
by Sandtrap
Tue Jan 03, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 26674

Re: Whats your number to walk away?

So if annual expenditures are $100k and expect to live 40 years, that number would be 4 million. However that doesn't consider market volatility, contingencies such as health emergencies, capital expenditures such as a new house, charitable contributions, etc. You shouldn't have much market volatil...
by Sandtrap
Mon Jan 02, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 26674

Re: Whats your number to walk away?

5+ mil. + no debt + minimal expenditures (frugal) + 2 spine surgeries. Recently retired. :sharebeer
100k . . . 35 . . . +- 3-4% + SS
Moved from Hawaii HCOL to Arizona LCOL. (huge difference)
Post-Retirement career pending. . . . .
by Sandtrap
Mon Jan 02, 2017 9:52 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 13425

Re: How old is your vehicle?

Brand new 500 hp Dodge Challenger - pure American muscle and fun as hell to drive My last several vehicles have been much more practical and a lot less fun Then I paid off all my debt and have ample retirement assets - so some fun in all aspects of life is in order :sharebeer I'm jealous. Gosh. Wha...
by Sandtrap
Mon Jan 02, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 13425

Re: How old is your vehicle?

2012 Toyota Tundra, bought new, cash, 50k miles. Pre-retirement gift to myself. :| Choked on the price as I'm normally very frugal and always buy used. Prior to that an ancient Ford F150 I drove forever. 2005 Nissan Xterra, bought used, 90k miles. Insurance bought it to replace our old Honda Element...
by Sandtrap
Mon Jan 02, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Running electrical wire (Romex) on outside of house without conduit. Allowed?
Replies: 29
Views: 2574

Re: Running electrical wire (Romex) on outside of house without conduit. Allowed?

. . . . . . . <snip> Most jurisdictions go by the NEC. That's not compliant with the NEC now, and I seriously doubt that it was then. "... 300.5(D)(1) Emerging from Grade. Direct-buried conductors and enclosures emerging from grade shall be protected by enclosures or raceways extending from th...
by Sandtrap
Mon Jan 02, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: Running electrical wire (Romex) on outside of house without conduit. Allowed?
Replies: 29
Views: 2574

Re: Running electrical wire (Romex) on outside of house without conduit. Allowed?

1 Homeowner option 1 - Conforms to minimum code standard. "Grandfathered in?". But subject to inspector request for NEC code upgrade if permit and inspection for future work is needed. 2 Homeowner option 2 - Exceed NEC/UBC current code standards and go with "best practice" in the...
by Sandtrap
Mon Jan 02, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Running electrical wire (Romex) on outside of house without conduit. Allowed?
Replies: 29
Views: 2574

Re: Running electrical wire (Romex) on outside of house without conduit. Allowed?

The installation pictured is vulnerable to weather, mechanical damage, and represents liability risk for shock and fire. The cable is not anchored. There is no "J" box at entry so it is vulnerable to flex and internal conductor breakage (fire/spark/shock). And so forth. It would be best to...
by Sandtrap
Mon Jan 02, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Analyzing schools for an advanced child
Replies: 65
Views: 3937

Re: Analyzing schools for an advanced child

Notwithstanding "Lake Wobegon", ". . . where all the children are above average. . . ", there are the .001 percentile of gifted children who thrive in the right environment and perish in the greater part of the bell curve that passes for modern academia. If anything, the efforts ...
by Sandtrap
Sun Jan 01, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: Resources for a child gifted in math
Replies: 34
Views: 1752

Re: Resources for a child gifted in math

Our 6 year old has shown a natural talent for mathematics. While the school they are attending suits their personality and meets their other academic needs quite well at this time it is uncertain whether the math they will be exposed to will be challenging enough. As such I am looking for resources...
by Sandtrap
Sun Jan 01, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: Las Vegas Areas and Real Estate
Replies: 12
Views: 1537

Re: Las Vegas Areas and Real Estate

Summerlin and Henderson. Northwest has some nice houses, but far from the strip. IMO, Summerlin is the most desirable area. Zip codes 89138, 89135, 89144, 89128. Ditto on Summerlin. Townhouse secure community development, gated, reasonable HOA fees. Enclosed garage if you can get it. So when you ar...
by Sandtrap
Sun Jan 01, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Unusual Request [Position as Evidence-Based Investing Advisor]
Replies: 30
Views: 1340

Re: Unusual Request [Position as Evidence-Based Investing Advisor]

Sometimes we are either put into a position to be benevolent or have aquired enough knowledge in a field to feel usefully benevolent. But, the "business" of business in order to survive and prosper is antithetical to that paradigm. Something like a car salesman with a conscience and sincer...
by Sandtrap
Sun Jan 01, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: What inflation rate do you use for your planning?
Replies: 67
Views: 4073

Re: What inflation rate do you use for your planning?

I use 3% inflation and believe this is moderately conservative. 3.5% would be more conservative. The FED is shooting for about 2% average inflation. But I don't know if I will be right in the future. I also forecast my future 20 year return using 6.5% which I believe is conservative. So I'd be fore...
by Sandtrap
Sat Dec 31, 2016 12:15 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9692

Re: Learning an instrument as an adult?

I would ask Jupiter to chime in on this suggestion . I think starting on a stringed instrument is fine, but I would be tempted to start on one with frets, as frets define notes. Unless you have a very good ear, I think starting on a fretless instrument like a violin would be tough. That and the bow...
by Sandtrap
Sat Dec 31, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Are there any benefits to achieving "great wealth"?
Replies: 106
Views: 7985

Re: Are there any benefits to achieving "great wealth"?

One or two had earned it from scratch and they were the only ones that shared their love of golf and appreciation for what they had earned and learned . . . the "benefits of great wealth". Too bad I don't play golf, but this never gets old for me... https://www.youtube.com/watch?v=pcnFbCC...
by Sandtrap
Fri Dec 30, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity loan for kitchen improvement?
Replies: 19
Views: 1231

Re: Home equity loan for kitchen improvement?

If you want to sell a house, sell a house. Don't spend a lot of money then sell the house. There are very few home improvement investments that you can make that will be profitable. Ditto. It would be a poor investment to spend $30k on a kitchen remodel and have the house sell for no more than it w...
by Sandtrap
Fri Dec 30, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 8
Views: 592

Re: Credit Shelter Trusts in the Era of Portability

Excellent question: Tax Exemptions notwithstanding: Is it true that the Credit Shelter Trust/Bypass Trust is better able to protect beneficiaries in event of remarriage than the concept of "portability"? And, isn't the Credit Shelter Trust a better instrument for generational planning (esp...
by Sandtrap
Fri Dec 30, 2016 11:52 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9692

Re: Learning an instrument as an adult?

Any folks on here decide they'd like to learn to play an instrument for the first time as an adult and total beginner? As in, you cannot even read music? If so, what did you try and how did it go? My daughter has been playing the flute for two years and had her first public recital this weekend. Sh...
by Sandtrap
Thu Dec 29, 2016 8:49 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9692

Re: Learning an instrument as an adult?

I took classical then regular and "Hawaiian slack key" guitar private lessons every week for several years before I retired. Also voice and singing (incl Hawaiian) . I ended up playing and singing 2x a month for 5 years at various nursing homes for seniors who could not leave the facilitie...
by Sandtrap
Thu Dec 29, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of Living Trust assets
Replies: 23
Views: 1555

Re: Transfer of Living Trust assets

Don't forget to take along a certified copy of the death certificate as well as a certified copy of the trust document if you go to the bank. I'm sure they would want to see that. Yes. Some financial entities will only require the Certificate of Trust and maybe the Summary of Fiduciaries naming you...
by Sandtrap
Thu Dec 29, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help Parents Again?
Replies: 63
Views: 4468

Re: Help Parents Again?

This is going to very widely by circumstance but I think you have been more than generous enough. A very personal choice but you are essentially enabling them to continue making sub par choices in the future. Good luck :sharebeer Mega Ditto. Perhaps I am from another "generation" where it...
by Sandtrap
Thu Dec 29, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Are there any benefits to achieving "great wealth"?
Replies: 106
Views: 7985

Re: Are there any benefits to achieving "great wealth"?

OK Bogleheads, I have achieved what I consider "great wealth". . . . . . . . . . . . . My question is simple. What, if anything, does achieving the status of "wealthy" gain someone, if you do not spend it nor talk about it? Is there anything that it provides in life? A sort of &...
by Sandtrap
Thu Dec 29, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a married child with first home
Replies: 56
Views: 3924

Re: Helping a married child with first home

difficult but understandable. 1 Purchase the home yourself, put it in your trust, rent it to them so they can save and go out on their own without your help. (May create dependencies) 2 Purchase the home yourself, put it in your trust, insert provision for your daughter to have a life interest in, b...
by Sandtrap
Tue Dec 27, 2016 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being smart with this car purchase?
Replies: 58
Views: 4758

Re: Am I being smart with this car purchase?

You have over $100K in debt, were not able to max out your retirement accounts, and can't pay cash for the car. Taking out a loan to buy a car that costs over $40K and has a reputation for high maintenance costs and rapid depreciation is not smart especially since you will likely need to replace yo...
by Sandtrap
Tue Dec 27, 2016 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial real estate basics resource recommendation?
Replies: 9
Views: 855

Re: Commercial real estate basics resource recommendation?

I am part of an ownership group at my current employer. We will be moving our office in the next couple years due to our current lease expiration and lack of interest in staying at the same location. We have been mulling over owning our own building as a separate entity and leasing it back to the c...
by Sandtrap
Tue Dec 27, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a house for 560k in 2007
Replies: 73
Views: 8293

Re: Bought a house for 560k in 2007

printer86 wrote:Maintaining multiple residences is what is crushing you financially. You and your husband need to to pick either NJ or GA and rebuilt your financial life.

agreed
+1
by Sandtrap
Tue Dec 27, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a house for 560k in 2007
Replies: 73
Views: 8293

Re: Bought a house for 560k in 2007

Minty wrote:
bubbadog wrote:Sell the house, take your loss, and move on.

+1.

+1
by Sandtrap
Tue Dec 27, 2016 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I contact my landlady for lease renewal ?
Replies: 18
Views: 2293

Re: Should I contact my landlady for lease renewal ?

There are 2 angles from a tenant perspective, pay the rent month to month after the automatic rollover to that status and just let it ride like that forever, however, the landlord can opt to not renew the mo to mo status with a 45 day notice to vacate for non renewal of lease (varies per area and la...
by Sandtrap
Tue Dec 27, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 4543

Re: Is it possible to graduate from college in 3 years?

A close old friend of mine was awarded a 4 year scholarship (any degree). In 4 years she earned a PhD, double major Edu. and Literature. 4.0 GPA, all guided studies. I know of 2 young men that graduated a state university in 3 years, both Premed with double majors, became MD's. It's all up to you, c...
by Sandtrap
Mon Dec 26, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Real Estate Vs. Stocks - all-time returns
Replies: 19
Views: 2370

Re: Real Estate Vs. Stocks - all-time returns

Owning specific rental real estate properties (along with management, etc.) and owning a diversfied fund of stocks would be such different ventures asking which makes the better investment is probably not a question that makes sense. I suspect such answer as exists is that a person can indeed do ve...

Go to advanced search