Search found 951 matches

by CAsage
Fri Jan 12, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 61
Views: 4811

Re: Help with inherited IRA

Ok (suggest fixing title of thread..). If it's not an IRA, your life is easier. You will end up with a plain old brokerage (i.e. investment) account at Vanguard. That account will hold one or more funds - an easy choice is a Target 2040 fund, or 1/3 each Vanguard Total Bond, Total Stock, and Interna...
by CAsage
Fri Jan 12, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fund order within Vanguard Brokerage Account
Replies: 9
Views: 797

Re: Fund order within Vanguard Brokerage Account

Mine is definitely not full name order, either. In one Total Bond is first, in the other it's 3rd. I actually suspect it's in reverse order of when the fund was added - oldest on the bottom, newest first. Drives me bonky.
by CAsage
Fri Jan 12, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fund order within Vanguard Brokerage Account
Replies: 9
Views: 797

Fund order within Vanguard Brokerage Account

This question is truly in the weeds. I have several brokerage accounts at Vanguard - IRA, Roth, Taxable. In each of those accounts, I have multiple funds. The order of those funds on the display page is different for each account, and I simply cannot fathom how they done! They are not alphabetical b...
by CAsage
Fri Jan 12, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Chained CPI Impact
Replies: 8
Views: 1133

Re: Chained CPI Impact

It's my understanding that using (new) the Chained CPI will lead to a gradual overall bracket creep, wherein the tax brackets will be adjusted more slowly, and therefore increase tax revenue. What they say is an acceptable substitution effect can be a viewed as a decrease in quality of consumption. ...
by CAsage
Fri Jan 12, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2573

Re: Pay off student loans after kid graduates?

Of course, the gift "limit" is doubled for couples. And it really only counts against your lifetime max, so.... Pay half now, half next year?
by CAsage
Thu Jan 11, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 61
Views: 4811

Re: Help with inherited IRA

Read the Wiki on this site about windfalls and asset allocation. What you do with it should fit in with your overall diversification plan. If you have a secure pension, more stocks are possible. With regard to (4)... I would suggest that you carefully check the requirements of whatever state you are...
by CAsage
Thu Jan 11, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 6174

Re: Car accident - was directed to sign release

Why would you assume the car seat needs to be replaced? Was it damaged? Car seats typically sell for $50 to $100, so .... unclear on your basis for that claim. Was the frame or structure of the car damaged? Was the repair not good enough, and the car so high value, and you were planning on selling i...
by CAsage
Wed Jan 10, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 444

Re: Bequest to Charity -- would they assist with settlement?

If your relative is willing, and really doesn't need the money... Put together a "now" will that says exactly what you want (pay the debts, sell the houses, small bequests to relatives, fund pet annuity (?), the balance to charities) and encourage her to hire as much help as they want to ease the lo...
by CAsage
Wed Jan 10, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Why bother with corporate bond funds instead of just U.S. Treasuries + Stock Index Fund/ETF?
Replies: 16
Views: 1375

Re: Why bother with corporate bond funds instead of just U.S. Treasuries + Stock Index Fund/ETF?

You are mixing things up. Buying a Treasury or a bond is very different than buying a share of a bond fund - liquidity is completely different. One cannot pull $100 out of a Treasury bill or note. Look at the Vanguard lineup - the fees on all bond funds are peanuts, and the Treasury and Corporate fe...
by CAsage
Wed Jan 10, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes in Retirement [ways to forecast]
Replies: 30
Views: 3725

Re: Taxes in Retirement [ways to forecast]

I found this gnarly but comprehensive Excel-based tax estimator in another thread, and it looks like a complete tool for 2018: I suggest you take a look at: https://sites.google.com/site/excel1040/home/2018-tax-planner-new-tax-law Its more than a calculator, so it might be too involved, he took his ...
by CAsage
Wed Jan 10, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 444

Re: Bequest to Charity -- would they assist with settlement?

I was the executor for both my parent's modest estates. In those cases, I of course waived the executor fee because I was splitting the estate with siblings, and inheritance is tax free and executor fees are not. In the case where I was not inheriting (much) .... I would assume you fully intend to p...
by CAsage
Wed Jan 10, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: When to upgrade House
Replies: 24
Views: 2742

Re: Real estate prices

You might look at the Case-Shiller housing index (one of several metrics on this link, I think you can specify metro areas): http://graphics.wsj.com/us-housing-market/ I have found housing to be extremely local in demand and pricing. I am not sure you, without deep pockets and a lot of inside connec...
by CAsage
Tue Jan 09, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: How do you add someone to a will if you don't know their Social?
Replies: 19
Views: 2615

Re: How do you add someone to a will if you don't know their Social?

I would use their full name in the will, and in the "notes" or instructions to the executor I would list their address and phone, as well as any other relatives that might keep up with them. Try and keep it current, if possible....
by CAsage
Mon Jan 08, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help with giving inheritance money to mother
Replies: 16
Views: 2000

Re: Help with giving inheritance money to mother

Save it for when Mom's health goes or her car goes? Quite possible she will need more money if her health goes.... Sorry to hear about the leeching brother. those are really hard to have around.
by CAsage
Mon Jan 08, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 7485

Re: ID theft and check cashing fraud

There are actually 4 credit bureaus (I dug through an old Bogle post on credit freezing): Experian, Equifax, Transunion, and Innovis. Plus Chexsystems to lock opening bank savings/checking accounts. Major pain, but seems like the new normal. https://krebsonsecurity.com/2017/09/the-equifax-breach-wha...
by CAsage
Sun Jan 07, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Million Dollar Refi Q
Replies: 12
Views: 1659

Re: Million Dollar Refi Q

I'm dying to find out how they are going to determine and prove what the proceeds were used for..... Can I install that boat in my living room? Just curious.... but the details on this HELOC vs mortgage thing needs clarification. IMO
by CAsage
Sun Jan 07, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: On-line legal documents...good?
Replies: 12
Views: 1141

Re: On-line legal documents...good?

You get what you pay for. And you keep what you don't pay for! Kind of like expense ratios on funds.... I've seen lots of friends and relatives waste a ton of money on fancy trusts and wills, when they fully intended to just pass their house/savings on to their responsible adult children. And lawye...
by CAsage
Sun Jan 07, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: On-line legal documents...good?
Replies: 12
Views: 1141

Re: On-line legal documents...good?

Nolo Press or online POA or medical directive forms can be had for less than that! The hard part with all of these forms is deciding what they need to do, and that can be simple and straightforward (in which case cheap or online forms work fine) or complex and gnarly, in which case a good estate law...
by CAsage
Sun Jan 07, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgages, condos, insurance - escrow question
Replies: 7
Views: 378

Re: Mortgages, condos, insurance - escrow question

Consider checking whether home equity loans are still deductible interest (maybe not?). If so, refinancing the home equity and the first mortgage into one first mortgage .... well, with the loan/value ratio, that might be tough. I don't think they escrow condo fees because they change so much. Sound...
by CAsage
Sun Jan 07, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: How often to invest; or: how to avoid commissions?
Replies: 21
Views: 1972

Re: How often to invest; or: how to avoid commissions?

Are you getting any matching funds with your 401k? If you are ... you want to check exactly how your company pays. At my old Megacorp, If you max out your 401k early, the matching funds cease (as in, they would match up to 6% per pay period, but only when you were contributing). So each year we all ...
by CAsage
Sun Jan 07, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account Over Diversification?
Replies: 5
Views: 783

Re: Retirement Account Over Diversification?

You might be splitting hairs and dividing things up, which in the long run will not matter. If you buy "Total Large Cap", you are getting chunks of Large Value and Large Growth already. So, in some years one will run up more than the other, and over 20 years it won't matter. What will matter are the...
by CAsage
Sun Jan 07, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cash e-fund + multiple sinking funds - How far do you go?
Replies: 12
Views: 1398

Re: Cash e-fund + multiple sinking funds - How far do you go?

Depends on how pathetic the return on that cash is. You could reasonably assume that keeping 1/2 the amount needed for those disasters on hand, with the likelihood that they won't all occur at the same time. Or, add that into your bond allocation. Short or intermediate bonds are likely to get you a ...
by CAsage
Sun Jan 07, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ownership in real estate
Replies: 11
Views: 1288

Re: Ownership in real estate

Usually a quit claim deed can be used. Though that won't relieve you of any mortgage, if any.....
by CAsage
Sun Jan 07, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1802

Re: POA and Legal liability

The OP and his brother own that house, and are supporting a large number of other people (possibly more than are needed for the care of this brother). Of course they have a bias towards keeping this going. However, if you sell to them, I suspect you put your brother at risk of them deciding to boot ...
by CAsage
Sun Jan 07, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home to realtor friend discount math problem
Replies: 15
Views: 1189

Re: Selling home to realtor friend discount math problem

Realtor friend? That sounds like a MASSIVE conflict of interest. I would not think this counts as an arms-length transaction. Unclear what problem your brother is trying to solve... But the way to get the most money out of a house (and where did you get the price?) is to put it on the market. At the...
by CAsage
Sat Jan 06, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Shall I buy a one B/B apt in Bay Area? Help needed, please.
Replies: 18
Views: 1842

Re: Shall I buy a one B/B apt in Bay Area? Help needed, please.

Have you priced or located any one B/B you would consider? How does the purchase, mortgage, taxes, HOA etc compare with renting?
by CAsage
Sat Jan 06, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Earning with your hands vs. investing
Replies: 9
Views: 1312

Re: Earning with your hands vs. investing

Sounds like she did not ask for advice, and there's no real problem to be solved. Yes, many people could do 'better', but .... I would suggest and hope that she does make sure her will is in order!
by CAsage
Fri Jan 05, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Retirement Accounts
Replies: 2
Views: 306

Re: Transferring Retirement Accounts

You can move the money whenever you want; trustee-to-trustee transfers between IRAs are not limited. And you can certainly move the non-IRA money also whenever you want! The only issues might be closing fees, capital gains (i.e. you may realize gains and owe taxes). The easiest way to do this is ope...
by CAsage
Fri Jan 05, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Question re: multiple IRAs
Replies: 2
Views: 287

Re: Question re: multiple IRAs

All are one. The IRS views it as a single bucket... So 1) yes 2) no.
by CAsage
Fri Jan 05, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about liquidating a Roth IRA before transfer to Vanguard
Replies: 2
Views: 344

Re: Questions about liquidating a Roth IRA before transfer to Vanguard

Do you have a settlement or money market account at USAA? What would happen if you sold those funds normally? Can you do that? Otherwise, open a money market fund at USAA and put everything there, then use that account to transfer to Vanguard. Note that you want Vanguard to do a "pull" by sending th...
by CAsage
Fri Jan 05, 2018 6:10 am
Forum: Investing - Help with Personal Investments
Topic: 86 year old mother wants to break away from financial adviser..
Replies: 8
Views: 1471

Re: 86 year old mother wants to break away from financial adviser..

One important thought: You will not pay capital gains on any inherited assets .... so I would sell/consolidate anything with very low capital gains, and let the massively appreciated things in taxable accounts alone! You can much more easily move the IRA, and consolidate that to a Target 2015 (?) or...
by CAsage
Thu Jan 04, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2745

Re: Seeking Advice To $$ Mess

Whatever you do, DO NOT tie your financial wagon to theirs in terms of "speculating" on their money hoping to earn more than a mortgage rate. Having a paid for condo isn't a bad plan, but don't borrow to invest. Can they still get jobs? That amount of SS seems quite low for a couple - not enough yea...
by CAsage
Thu Jan 04, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Divorced mom how to invest
Replies: 8
Views: 1628

Re: Divorced mom how to invest

A one-pot solution might be a 2030 Target retirement fund. Or, you could go with a 50/50 or 60/40 mix of Total Stock and Total Bond. Kind of depends on the stability of your income (risk means get more bonds), what your future thoughts are for funding college, whether you are able to save part of yo...
by CAsage
Thu Jan 04, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Tax Reform on California Tax Return
Replies: 7
Views: 1272

Re: Impact of Tax Reform on California Tax Return

Going forward, I anticipate taking the standard deduction in even years (2018+) and then itemizing only on the CA state return in odd years. I will make the October payment only for property taxes next year, and then in 2019 pay 1.5 years worth (as I did in 2017). And probably choose to feed my shin...
by CAsage
Wed Jan 03, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones - help
Replies: 38
Views: 3790

Re: Edward Jones - help

If you can periodically transfer the money out, that might be the best solution. Take the match, then move it - possible? There are quite a few posts on the "Guided Solutions" morass, perhaps read those?
by CAsage
Wed Jan 03, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: E-reader for ebooks - Pros and Cons
Replies: 74
Views: 4701

Re: E-reader for ebooks - Pros and Cons

I also have a Kindle Paperwhite and adore it. I have bought many books, and download a lot more "turnover" fiction from the library. Less dusty old books on shelves at my house now! Kindles are very very good for reading books, are amazingly good at night due to backlighting, and tablets are better ...
by CAsage
Wed Jan 03, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Online High yield savings account for emergency funds
Replies: 48
Views: 7704

Re: Online High yield savings account for emergency funds

I have never found a charge for funds transferred between linked accounts, though they take a bit of time. Transfer and set up can take a couple days to wind through.
by CAsage
Wed Jan 03, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Financial Cohabitation Strategies with New Tax Law
Replies: 6
Views: 1583

Re: Financial Cohabitation Strategies with New Tax Law

I believe HOH still gets a $18k standard deduction, brackets look the same but the base tax paid is a bit less. I have friends who co-own a pricey beach house, and they split the costs. Might suggest they look into not splitting 50/50 if you can in fact choose who gets the deduction.....
by CAsage
Mon Jan 01, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can I do anything with an old, expired securties class action settlement check?
Replies: 9
Views: 1328

Re: Cany I do anything with an old, expired securties class action settlement check?

Check your state's (or state where company headquartered) unclaimed property database. I searched the one in California and got a hit on about half of my friends/neighbors. There should be a way to claim it back online.
by CAsage
Mon Jan 01, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversions without ability to Recharacterize
Replies: 45
Views: 2980

Re: Roth Conversions without ability to Recharacterize

If I was going to split my $100K conversion into fourths (roughly) and had converted $25K on January 1, then the market was down 10% on February 1, I would go ahead and do my second conversion then. If the market then went down another 10%, I would do the third conversion. But if the market went up...
by CAsage
Mon Jan 01, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Problems with EJ (Is anyone surprised?) [Edward Jones]
Replies: 30
Views: 5234

Re: Problems with EJ (Is anyone surprised?) [Edward Jones]

You could do worse than just a plain index 2020 or 2025 Target retirement fund. You could do worse than 60/40 or 50/50 Total stock and Total bond. If you want an advisor, sign up with Vanguard PAS for a year or so to get things straight. But you have to take the action to make it happen. Cut your lo...
by CAsage
Mon Jan 01, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution Counted for 2018
Replies: 8
Views: 642

Re: Roth Contribution Counted for 2018

For the future, why not pick the 10th or 15th of the month? Much more certain.
by CAsage
Mon Jan 01, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Book Recs for Helping Mother with Finances
Replies: 11
Views: 891

Re: Book Recs for Helping Mother with Finances

Tread lightly. Suggest, ask leading questions, let her reach the conclusions. If you don't have 100% buyin, this will fail and be insulting/demeaning to your mother - a perfectly competent person who managed her whole life and raised you (I'm thinking from her perspective). Ask what she thinks the p...
by CAsage
Mon Jan 01, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Roth IRA
Replies: 4
Views: 540

Re: Rebalancing Roth IRA

My former Megacorp 401k had an option wherein you rebalance the whole account by entering desired % allocations in a table for all available fund options, and bam! They would do it in one fell swoop. I do not believe Vanguard offers such a thing, so you would (based on my experience) need to move on...
by CAsage
Sun Dec 31, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Who should we appoint as executor?
Replies: 33
Views: 3227

Re: Who should we appoint as executor?

Another thought. If you have a trust, or if many of your assets (cash, savings, IRA, etc) can be listed as a beneficiary or Pay on Death, it would minimize the number of things an executor would have to deal with, therefore minimizing the number of things for them to disagree about. Not a panacea, b...
by CAsage
Sun Dec 31, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 2259

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

Per Vanguard: The financial markets will be closed on Monday, January 1, 2018, for the New Year's Day holiday. Transactions and other requests received after 4 p.m., Eastern time, on Friday, December 29, 2017, and before the close of the markets on Tuesday, January 2, 2018, will be handled as if rec...
by CAsage
Sun Dec 31, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs
Replies: 43
Views: 4094

Re: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs

W-4 won't matter if you are not employed? And way overdue there, Lynette. I don't think it matters how you choose to pay your taxes, as long as you track it carefully to avoid free loans to Uncle Sam. You could do 100% via RMD (which has the lovely advantage of paying late, but not being late). Or, ...
by CAsage
Sun Dec 31, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 42
Views: 3711

Re: compression sack for sleeping bag, help with calculations please

Agree with prior poster, this is one of those cases where I would buy a couple, try them out, return what you don't want. I suspect "stuffing" capacity varies so much with the compressibility of the item and the strength of the user and bag..... REI or any sporting goods store if you want to try thi...
by CAsage
Sat Dec 30, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 90
Views: 8864

Re: Tax Law Sunset 2025 - Roth vs Traditional

The major changes are the widening of the 24% bracket for joint returns to $315,000, twice the width of the single bracket, and the changes to the AMT whereby very few taxpayers will be subject to the AMT. As a result, many more IRA owners will be able to convert at 24% or less. While that may not ...
by CAsage
Sat Dec 30, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Union Banks Vs Regular Bank
Replies: 13
Views: 1427

Re: Credit Union Banks Vs Regular Bank

Best place to compare services and rates is depositaccounts.com. You can filter/choose which features are important to you, and easily shop for best rates on savings or CDs. I am happy with Alliant CU, and many other people like Ally Bank (online). You can have more than one bank/CU and then link th...