Search found 5809 matches

by FIREchief
Tue Dec 01, 2020 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for interview with CEO
Replies: 48
Views: 4744

Re: Advice for interview with CEO

I'm on the other end of this spectrum. I never interviewed with a CEO, but I did have multiple one-on-one engagements with executives who had a span of control exceeding that 2000 number you mentioned. I recommend you NOT try to craft some clever, insightful list of questions to bring into the discu...
by FIREchief
Tue Dec 01, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki
Replies: 62
Views: 3279

Re: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki

DCA has nothing to do with the source or availability of money. DCA means that you invest equal quantities of cash at intervals of time with the purpose of "averaging" (by harmonic mean) the price. Where the money come from and how is not part of the discussion. Is true that for most peop...
by FIREchief
Tue Dec 01, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki
Replies: 62
Views: 3279

Re: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki

I like the wiki def better. The dictionary one doesn’t really make sense if stocks go up more than down. Where MW really seems to get it wrong is that DCA results in "an overall reduction in cost per unit." The Merriam-Webster (MW) dictionary defines DCA as "investment in a security ...
by FIREchief
Tue Dec 01, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: best way to shop for medigap plan
Replies: 39
Views: 2747

Re: best way to shop for medigap plan

I researched medigap plans earlier this year. I kept getting told that the plans offered by different providers are the same, only the premiums are different. But that's not really true. Can you share some examples of differences that you found (between the same letter plans but different insurance...
by FIREchief
Tue Dec 01, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: best way to shop for medigap plan
Replies: 39
Views: 2747

Re: best way to shop for medigap plan

I researched medigap plans earlier this year. I kept getting told that the plans offered by different providers are the same, only the premiums are different. But that's not really true. Can you share some examples of differences that you found (between the same letter plans but different insurance...
by FIREchief
Tue Dec 01, 2020 1:36 pm
Forum: Personal Investments
Topic: New investing account
Replies: 15
Views: 1067

Re: New investing account

Yeah, absolutely. At the end of the day, IRS hadn't really clarified what 'substantially identical' means. Your interpretation is as likely as mine. Edited to add: your signature is exactly what I mean. Fair enough. 8-) That said, I would think that we would want to encourage the casual readers to ...
by FIREchief
Tue Dec 01, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: best way to shop for medigap plan
Replies: 39
Views: 2747

Re: best way to shop for medigap plan

You probably already know that at medicare.gov you can find umpteen million Medigap plans. Which ones require a PCP gatekeeper and prior authorizations for everything? Which ones limit you to a specific small list of doctors, hospitals, testing facilities? Which ones do or don't have a national net...
by FIREchief
Tue Dec 01, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 120
Views: 10129

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

Bringing this back up since I noticed the SS trustees put out an intermediate report on 2020 AWI showing an increase of 3.5%. Here's the link! https://www.ssa.gov/oact/TR/TRassum.html Does this mean this topic/thread was a non issue? or am I missing something? Thanks for posting that. I see it was ...
by FIREchief
Tue Dec 01, 2020 2:07 am
Forum: Personal Investments
Topic: New investing account
Replies: 15
Views: 1067

Re: New investing account

As to who I am advising - anyone who posts questions along the lines of "what should I buy in my IRA / taxable?" Just trying to help, open them to the concept of advance planning against wash sales rules. They are free to ignore my advice, at the end of the day it is an advice from a stra...
by FIREchief
Mon Nov 30, 2020 11:58 pm
Forum: Personal Investments
Topic: New investing account
Replies: 15
Views: 1067

Re: New investing account

As to who I am advising - anyone who posts questions along the lines of "what should I buy in my IRA / taxable?" Just trying to help, open them to the concept of advance planning against wash sales rules. They are free to ignore my advice, at the end of the day it is an advice from a stra...
by FIREchief
Mon Nov 30, 2020 10:26 pm
Forum: Personal Investments
Topic: New investing account
Replies: 15
Views: 1067

Re: New investing account

You will be shooting yourself in the foot, thus, if you hold the same mutual funds in both taxable account and IRA account. I usually advise, therefore, to open taxable account at a different brokerage firm than where your IRA is. If your Roth IRA is at Fidelity, have your taxable at Vanguard, and ...
by FIREchief
Mon Nov 30, 2020 10:23 pm
Forum: Personal Investments
Topic: Inheritance question
Replies: 7
Views: 1356

Re: Inheritance question

LittleSaver wrote: Mon Nov 30, 2020 1:11 pm My mother has over 1 million in stocks and bonds. Would there be any tax advantages for her children who will eventually inherit these assets if they were in a trust?
Will she need to spend some of that while still living? How many children?
by FIREchief
Mon Nov 30, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Annual physical - subject to lab charges?
Replies: 15
Views: 1361

Re: Annual physical - subject to lab charges?

Good Listener wrote: Mon Nov 30, 2020 8:39 pm I go for example yearly for a PSA with my other labs and dont have a prostate diagnosis and never know how much I will be charged.
Count your blessings brother! 8-)
by FIREchief
Mon Nov 30, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions... tax speculation?
Replies: 39
Views: 2811

Re: Roth conversions... tax speculation?

The real question becomes; Will you live long enough for the funds in the Roth to grow beyond what you paid the IRS to move them there? If we assume stock funds grow an average talking head amount of 6% annually, and the conversion is done at a 22% tax rate of AGI, it looks like payback equality at...
by FIREchief
Mon Nov 30, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Annual physical - subject to lab charges?
Replies: 15
Views: 1361

Re: Annual physical - subject to lab charges?

Every time I figured this out in the past, the rules had changed 12 months later. I used to go round and round with my Dr. and UHC. It mostly boiled down to those diagnosis codes placed onto the lab paperwork. If there was one and only one code (the one for routine screening associated with an annua...
by FIREchief
Sun Nov 29, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare surrender denied, no idea why, please help
Replies: 163
Views: 10799

Re: Timeshare surrender denied, no idea why, please help

This thread is amusing. We have two experienced lawyers saying that the OP has no legal obligations, but still a chorus of folks convinced that OP does. :P I haven’t seen anyone self-identify as a lawyer say anything like that. Experienced lawyers aren’t generally in the habit of making such a defi...
by FIREchief
Sun Nov 29, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare surrender denied, no idea why, please help
Replies: 163
Views: 10799

Re: Timeshare surrender denied, no idea why, please help

This thread is amusing. We have two experienced lawyers saying that the OP has no legal obligations, but still a chorus of folks convinced that OP does. :P
by FIREchief
Sun Nov 29, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki
Replies: 62
Views: 3279

Re: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki

I like the wiki def better. The dictionary one doesn’t really make sense if stocks go up more than down.
by FIREchief
Sat Nov 28, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: 30/F – Would it be worth purchasing a home?
Replies: 23
Views: 2560

Re: 30/F – Would it be worth purchasing a home?

I do have a couple friends pressuring me to buy a home now. They say even a $1MM purchase doesn't matter in this economy, that I should just put 5-10% down, and that I can always sell when the property appreciates. I feel like that's too risky. Good friends tend to make awful financial advisors. :o...
by FIREchief
Sat Nov 28, 2020 4:43 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 175
Views: 13067

Re: Not Experiencing Any Problems With Vanguard

galawdawg wrote: Fri Nov 27, 2020 11:54 am
hudson wrote: Fri Nov 27, 2020 11:51 am Thanks galawdawg!
So would you classify Vanguard as for-profit? or "almost for-profit"? or "almost non-profit"?
According to DiStefano's reporting, Vanguard officials acknowledge it is a private, for-profit company.
That sounds just like Fidelity! :P
by FIREchief
Sat Nov 28, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS actually protect against inflation?
Replies: 57
Views: 6215

Re: Do TIPS actually protect against inflation?

Are current TIPS simply sold with 0% real rates, and auction prices determine their negative real yield? Educate me, please. TIPS are sold with a minimum positive .125% coupon rate. The real yield is determined by the auction process, with negative real yields manifesting as purchase premiums (i.e....
by FIREchief
Fri Nov 27, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Thanksgiving: Are you Funding your DAF now?
Replies: 10
Views: 852

Re: Thanksgiving: Are you Funding your DAF now?

I did last week. I decided to exercise options because they were very deep into the money. I donated about a third of the value to my daf. I donated some old uncovered shares of index 500 fund. These are my only uncovered shares. As I donate them, I backfill with TSM. I did a similar thing at the e...
by FIREchief
Fri Nov 27, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?
Replies: 20
Views: 1453

Re: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?

RustyShackleford wrote: Fri Nov 27, 2020 4:05 pm I favor Roth conversion: it's the gift that keeps on giving (since all the subsequent growth is tax-free).
Unless a person is subject to estate tax at either the state or federal level.
by FIREchief
Fri Nov 27, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any reason to not add an asset to a living revocable trust?
Replies: 11
Views: 846

Re: Is there any reason to not add an asset to a living revocable trust?

I don't anticipate her ever needing to use the cash that is not currently part of the trust. It would likely remain untouched if she were to become incapacitated. Why would it matter whether or not she needed to spend some of it? Having it in an account owned by the trust, and accessible by a succe...
by FIREchief
Fri Nov 27, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?
Replies: 20
Views: 1453

Re: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?

If you decide to tax gain harvest, keep in mind that the top of the zero percent capital gains bracket is $80,000, not the $80,250 top of the 12% ordinary income bracket. (MFJ, half for single)
by FIREchief
Thu Nov 26, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: Website problem: Cannot perform transactions
Replies: 36
Views: 2058

Re: Website problem: Cannot perform transactions

Secondly Fidelity and Schwab are not providing their services for "free". Their customers silently pay for them by earning much lower rates on their cash balances than they could earn at Vanguard . Yes there are ways around this if you are a Schwab or Fidelity customer but they all involv...
by FIREchief
Wed Nov 25, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Fidelity
Replies: 12
Views: 858

Re: Not Experiencing Any Problems With Fidelity

If people were having problems with Fidelity, I'm certain that we would have heard about it by now; especially since the number one reported "cure" for VG's ongoing and growing issues is to move everything to Fidelity. 8-)
by FIREchief
Wed Nov 25, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 175
Views: 13067

Re: Not Experiencing Any Problems With Vanguard

Post here when you aren't experiencing any life-altering problems or minor inconveniences at Vanguard. I've never had any "life altering" problems with VG. I did have several minor to moderate inconveniences five to ten years ago. Not a single problem in the last five years. :P (I'm sure ...
by FIREchief
Wed Nov 25, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: Website problem: Cannot perform transactions
Replies: 36
Views: 2058

Re: Website problem: Cannot perform transactions

Secondly Fidelity and Schwab are not providing their services for "free". Their customers silently pay for them by earning much lower rates on their cash balances than they could earn at Vanguard . Yes there are ways around this if you are a Schwab or Fidelity customer but they all involv...
by FIREchief
Wed Nov 25, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Quadruple-layered approach to securing Vanguard accounts
Replies: 2
Views: 427

Re: Quadruple-layered approach to securing Vanguard accounts

Non-expiring Sales Restriction Non-expiring Withdrawal Restriction I understand from reading a post somewhere here that it's possible to request a sales and withdrawals restriction on all your accounts at Vanguard through a written letter mailed to them, and that the restrictions can only be lifted...
by FIREchief
Tue Nov 24, 2020 7:43 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 2007

Re: Contact Lenses / Glasses

I first tried progressive lenses in the Ray Ban frames but they gave me flashbacks to the 70s so costco replaced them with equivalent non-progressive lenses and gave me a refund for the difference. That's funny. :P I tried progressives twice and hated those things. Not a thing wrong with a good sin...
by FIREchief
Tue Nov 24, 2020 5:04 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 2007

Re: Contact Lenses / Glasses

I first tried progressive lenses in the Ray Ban frames but they gave me flashbacks to the 70s so costco replaced them with equivalent non-progressive lenses and gave me a refund for the difference. That's funny. :P I tried progressives twice and hated those things. Not a thing wrong with a good sin...
by FIREchief
Tue Nov 24, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: "Water Theory" -- pros and cons
Replies: 43
Views: 5146

Re: Water theory and its pros and cons

Greenman72 wrote: Tue Nov 24, 2020 12:01 pm Why don't more people do this?
I think a lot of people do everything you've described. Why do you think that they don't? :confused
by FIREchief
Tue Nov 24, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 2007

Re: Contact Lenses / Glasses

I have VSP for insurance so I should get some coverage towards at least contacts or glasses each year, but I'm curious to know where Bogleheads buy their prescription glasses or contact lenses. FYI. VSP has their own mail order operation, Eyeconic. You can get an exam/prescription from a local VSP ...
by FIREchief
Sun Nov 22, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1260

Re: Bank account added to trust, leave beneficaries blank?

Luckywon wrote: Sun Nov 22, 2020 11:32 pm Of more concern, and I believe more likely, is that the bank does not understand the account is titled to a trust.
That was my guess.
by FIREchief
Sun Nov 22, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1260

Re: Bank account added to trust, leave beneficaries blank?

Last year we added a bank account to our revocable living trust. Our trust is an "asset protection" type with one beneficiary, so we would not want that cash to flow directly to the beneficiary. In reviewing our bank account information, I see that our trust beneficiary is still listed as...
by FIREchief
Sun Nov 22, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1260

Re: Bank account added to trust, leave beneficaries blank?

Are you certain that the trust now owns that account? Yes, the account name shows our trust name and I remember the long visit when we had the account transferred to the trust with notarized signatures etc. The bank representative probably should have removed the beneficiary information at that tim...
by FIREchief
Sun Nov 22, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1260

Re: Bank account added to trust, leave beneficaries blank?

Yes, there should be no beneficiary listed for the bank account. The terms of the trust should control its disposition along with all the trust assets. Gill In the case of "John and Mary Smith Trust", what happens if the successor trustee(?) cannot find any trust document after both John ...
by FIREchief
Sun Nov 22, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1260

Re: Bank account added to trust, leave beneficaries blank?

Are you certain that the trust now owns that account?
by FIREchief
Sat Nov 21, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a house out of a trust to a family member; capital gains tax?
Replies: 4
Views: 379

Re: Selling a house out of a trust to a family member; capital gains tax?

meneyl wrote: Sat Nov 21, 2020 8:09 pm
FIREchief wrote: Sat Nov 21, 2020 7:57 pm Who was the grantor of this trust?
I believe our father set it up.
That sounds like a revocable, living trust. Is that correct?
by FIREchief
Sat Nov 21, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19946

Re: Fed up With Flagship

I don't believe that any banks in my area provide them. That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't. I had a marathon meeting with one of my bank's officers to get six of them a few months ago. If it took a "marathon meeting with one of yo...
by FIREchief
Sat Nov 21, 2020 7:10 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19946

Re: Fed up With Flagship

I don't believe that any banks in my area provide them. That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't. I had a marathon meeting with one of my bank's officers to get six of them a few months ago. If it took a "marathon meeting with one of yo...
by FIREchief
Sat Nov 21, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Tax Withholding on Roth conversions
Replies: 32
Views: 2210

Re: Tax Withholding on Roth conversions

Let's add this to our master list of how VG fails to provide the consumer with tools they want/need to accomplish their objectives. :annoyed
by FIREchief
Sat Nov 21, 2020 5:40 pm
Forum: US Chapters
Topic: Are you a Boglehead?
Replies: 114
Views: 5629

Re: Are you a Boglehead?

Probably. That said, I was LBYM investor in low cost domestic equity index funds for over 20 years before I found this forum. 8-) During that time, I was 100% equities, which would likely disqualify me for "Bogelhead" good standing status . :P Lots of Bogleheads are 100% equities with the...
by FIREchief
Sat Nov 21, 2020 5:32 pm
Forum: US Chapters
Topic: Are you a Boglehead?
Replies: 114
Views: 5629

Re: Are you a Boglehead?

Probably. That said, I was LBYM investor in low cost domestic equity index funds for over 20 years before I found this forum. 8-)

During that time, I was 100% equities, which would likely disqualify me for "Bogelhead" good standing status. :P
by FIREchief
Sat Nov 21, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Will, 401k and Beneficiaries
Replies: 4
Views: 564

Re: Will, 401k and Beneficiaries

I am 34yo (single) and am starting to think about a will for the first time. As background, my estate would probably be worth around $700k today with my current assets and life insurance through my employer. At a high level, I have 3 siblings and 2 parents (married). I have my parents as beneficiar...
by FIREchief
Sat Nov 21, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19946

Re: Fed up With Flagship

Does anyone with a Fidelity brokerage account know whether if you needed a Medallion Signature Guarantee you could get one from Fidelity? We could not get one from Vanguard when settling my parent's estate and it made for some serious nail biting as the bank where my sibling banked would not give h...
by FIREchief
Sat Nov 21, 2020 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 117
Views: 13200

Re: Take the cash or the free dinner?

If it sounds too good to be true... It has been true for me, EVERY SINGLE TIME! :P They've given me juicy steaks, cash, show tickets, match play money (easily converted into real cash at the Blackjack table), and I've never paid a dime. 8-) As a bonus, they've provided a unique form of entertainmen...