Search found 5780 matches

by FIREchief
Tue Nov 17, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS actually protect against inflation?
Replies: 57
Views: 6214

Re: Do TIPS actually protect against inflation?

nedsaid wrote: Tue Nov 17, 2020 10:22 pm I rebalanced my portfolio yesterday and today, in the process I put 2/3 of the monies raised into a US Bond Index fund.
Won't that also result in a negative real yield (VBTLX 30 day SEC yield = 1.14%)? Or, do you think that inflation will be running under 1.14%?
by FIREchief
Tue Nov 17, 2020 8:50 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19942

Re: Fed up With Flagship

afan wrote: Tue Nov 17, 2020 8:21 pm Pretty close to the ideal investment company.

Are they now answering the phones nights and weekends? :D
by FIREchief
Tue Nov 17, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 228
Views: 31324

Re: Trust Services

On the topic of planning ahead, I'm sure you must be aware of the campaign promises that were made. I think what you are saying is promises are not laws, so wait and see. It seems to me, however that once something is a law, it is too late to plan for the consequences of that law. Not really. Draft...
by FIREchief
Tue Nov 17, 2020 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 228
Views: 31324

Re: Trust Services

Be sure to give the successor a complete list of the accounts themselves, where they are held, and how titled. Otherwise, they may not be able to find them and could be unable to manage accounts they don't know about. ^^^this. I would add that the same information needs to be readily available to y...
by FIREchief
Tue Nov 17, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: After 37 Years, Value Manager AJO Is Shuttering. It Won’t Be the Last.
Replies: 43
Views: 5575

Re: After 37 Years, Value Manager AJO Is Shuttering. It Won’t Be the Last.

We can modify a saying attributed to Keynes. Factors can remain down for longer than you can remain patient. To a certain extent, the long-term performance of a strategy is irrelevant if it is not a strategy that can be followed for the long term. It seems to me like the take away is then to simult...
by FIREchief
Tue Nov 17, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Saddlebrooke Ranch in Oracle, Arizona
Replies: 15
Views: 2292

Re: Saddlebrooke Ranch in Oracle, Arizona

btenny wrote: Tue Nov 17, 2020 5:59 pm According to Google Maps this place is set out all by itself and not near anything. Just out in the barren desert south of Oracle and north of Tucson.
Barren?? :confused
by FIREchief
Tue Nov 17, 2020 5:32 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS actually protect against inflation?
Replies: 57
Views: 6214

Re: Do TIPS actually protect against inflation?

I am not abandoning TIPS by any means, just saying I am not buying more when they have negative real yields . What I am suggesting here is a multi-pronged approach here: TIPS, REITs, High Yield Bonds, and of course Stocks themselves to deal with inflation. Are your ruling out buying more of any saf...
by FIREchief
Tue Nov 17, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19942

Re: Fed up With Flagship

Count your blessings. I was forced to deal with Merrill Edge recently... :annoyed
by FIREchief
Tue Nov 17, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: When is it time to start making gifts to minimize estate taxes?
Replies: 36
Views: 2391

Re: When is it time to start making gifts to minimize estate taxes?

How do you judge when it's time to ramp up gifts to the kids to minimize estate taxes? We currently have a NW just less than the 2026 estate tax exemption limit. Hopefully our investments will grow, so given current law, we would face this "problem". This suggests a NW approaching $12M. W...
by FIREchief
Tue Nov 17, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth conversion
Replies: 2
Views: 307

Re: IRA to Roth conversion

Hello,I just did after tax money conversion from Traditional to Roth IRA. I am planning for rolling over pre tax 401K to traditional and then to, Roth as well after paying tax on that. GIven pro rate rule and tax calculated as of Dec 31, how does it work? Balance in traditional IRA account will be ...
by FIREchief
Tue Nov 17, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Got scammed by fake website...
Replies: 22
Views: 2869

Re: Got scammed by fake website...

chocolatemuffin wrote: Mon Nov 16, 2020 4:13 pm We made a purchase on a website (around $200), which we thought was an official website. It turns out to be a scam website. We paid with our debit card, but I think it's processed as a credit transaction.
Did you enter your debit card pin?
by FIREchief
Tue Nov 17, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: When is it time to start making gifts to minimize estate taxes?
Replies: 36
Views: 2391

Re: When is it time to start making gifts to minimize estate taxes?

How do you judge when it's time to ramp up gifts to the kids to minimize estate taxes? We currently have a NW just less than the 2026 estate tax exemption limit. Hopefully our investments will grow, so given current law, we would face this "problem". This suggests a NW approaching $12M. W...
by FIREchief
Tue Nov 17, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 228
Views: 31324

Re: Trust Services

I'm not sure what FIREchief's concerns are with using FidSafe. I was concerned with some banks changing their safety deposit access rules. FidSafe I saw as an alternative to not only get the passwords but also the entire estate into the hands of the successor trustee. In our case the ST is corporat...
by FIREchief
Tue Nov 17, 2020 2:09 am
Forum: Investing - Theory, News & General
Topic: Any chance of V shape recovery?
Replies: 69
Views: 5075

Re: Any chance of V shape recovery?

V shaped for us, the BHs. The rest of the country, not so much. When you see cars lined up for hours for food. That’s right, for food, there is no V there. Actionable is to stay the course. Waiting hours for food with 6.9% unemployment? Many businesses where I live have help wanted signs posted. :c...
by FIREchief
Tue Nov 17, 2020 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 228
Views: 31324

Re: Trust Services

Does anyone use a "lawyer's letter" or "lawyers flash drive" to convey critical information for Successor Trustees or maybe beneficiaries after their passing? We are coming to the end of nearly a year effort to create a Revocable Living Trust (RLT) which is like a dynasty trust ...
by FIREchief
Mon Nov 16, 2020 9:15 pm
Forum: Personal Investments
Topic: How many years in fixed income if I won the game with 62x yearly expenses
Replies: 56
Views: 7303

Re: How many years in fixed income if I won the game with 62x yearly expenses

I like Dr. Bernstein's idea for those who have won the game. 20 or more years of draw down dollars in "safe" fixed income and invest the rest anyway you want -- even 100% equities. You don't need to triple your nest egg -- you need to make sure it fully funds your retirement and legacy wi...
by FIREchief
Mon Nov 16, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question about "Maintenance standard" or HEMS in a trust
Replies: 82
Views: 3691

Re: Question about "Maintenance standard" or HEMS in a trust

:confused You can't have a trust where the sole trustee is the sole beneficiary, that would violate the rule/doctrine of merger. Ie, if the sole trustee is the sole beneficiary, the trust terminates (Restatement of Trusts). Are you saying that in order for a trust to be valid, it must have remainde...
by FIREchief
Mon Nov 16, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question about "Maintenance standard" or HEMS in a trust
Replies: 82
Views: 3691

Re: Question about "Maintenance standard" or HEMS in a trust

While permissible, I think that, for the reasons set forth in my previous post, the better practice is not to allow a trustee to make distributions to himself/herself for health, maintenance, support and education. However, others have a different view on this. Am I correct that specific state laws...
by FIREchief
Mon Nov 16, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Question about "Maintenance standard" or HEMS in a trust
Replies: 82
Views: 3691

Re: Question about "Maintenance standard" or HEMS in a trust

:confused You can't have a trust where the sole trustee is the sole beneficiary, that would violate the rule/doctrine of merger. Ie, if the sole trustee is the sole beneficiary, the trust terminates (Restatement of Trusts). Are you saying that in order for a trust to be valid, it must have remainder...
by FIREchief
Mon Nov 16, 2020 6:47 pm
Forum: Personal Investments
Topic: Anyone planning excess retirement withdrawals prior to 2021?
Replies: 16
Views: 1603

Re: Anyone planning excess retirement withdrawals prior to 2021?

Nope. I'm on autopilot at this point. 8-)

Both 2020 and 2021 are "Roth convert to top of xx% bracket" years. That is way below that $400K threshold we've heard about.
by FIREchief
Mon Nov 16, 2020 6:32 pm
Forum: Personal Investments
Topic: How many years in fixed income if I won the game with 62x yearly expenses
Replies: 56
Views: 7303

Re: How many years in fixed income if I won the game with 62x yearly expenses

You can either do what Bill Bernstein suggested, you won the game so why keep playing; Or You can be 100% in equities because even in a downturn you have more then enough in this lifetime. It really depends on how much you want to leave behind or how large you want to live today. I guess you can ju...
by FIREchief
Sun Nov 15, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Correlation between personal health and personal finance?
Replies: 8
Views: 794

Re: Correlation between personal health and personal finance?

Poor financial health can certainly cause stress which can impact physical health. Beyond that, too many other variables. The main causes of health issues are age and genetics. Not sure how Bogel can change either of those. :annoyed I wish it were different.
by FIREchief
Sun Nov 15, 2020 6:32 pm
Forum: Personal Investments
Topic: Too many IRAs?
Replies: 17
Views: 1239

Re: Too many IRAs?

Some situations require multiple accounts due to multiple beneficiary situations.
by FIREchief
Sun Nov 15, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Record Keeping and Financial Statements - what to keep and how
Replies: 49
Views: 3175

Re: Record Keeping and Financial Statements - what to keep and how

IMHO, all that is needed is: Up to date listing of custodians, account numbers and beneficiary designations (hard copy and electronic) at home and in safety deposit box. All heirs access to safety deposit box. Up to date estate plan with living trust and DPOA for incapacitation, executor and succes...
by FIREchief
Sun Nov 15, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Record Keeping and Financial Statements - what to keep and how
Replies: 49
Views: 3175

Re: Record Keeping and Financial Statements - what to keep and how

IMHO, all that is needed is: Up to date listing of custodians, account numbers and beneficiary designations (hard copy and electronic) at home and in safety deposit box. All heirs access to safety deposit box. Up to date estate plan with living trust and DPOA for incapacitation, executor and success...
by FIREchief
Sat Nov 14, 2020 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: California "Statutory Will"
Replies: 8
Views: 761

Re: California "Statutory Will"

ilan1h wrote: Sat Nov 14, 2020 10:51 pm This will can be downloaded for free, notarized and sent in.
"Sent in" to who?? :confused
by FIREchief
Sat Nov 14, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Gifts to children under $15,000
Replies: 69
Views: 4713

Re: Gifts to children under $15,000

ilan1h wrote: Sat Nov 14, 2020 2:52 pm If a child asks for $10,000 to renovate their room, should I just pay for this piecemeal with my own money or should I transfer $10,000 to their bank account and tell them that they can manage the project themselves?
Am I the only person scratching my head about this one? :confused
by FIREchief
Fri Nov 13, 2020 8:03 pm
Forum: Personal Investments
Topic: How to Buy TIPS
Replies: 14
Views: 1419

Re: How to Buy TIPS

Sorry to beat a dead horse, but I promise I did research this heavily before resorting to posting! Thanks in advance, I know the topic has been covered a million times elsewhere but I still am not getting it! I think you're overthinking this. Buying, holding and selling individual TIPS in any type ...
by FIREchief
Fri Nov 13, 2020 7:57 pm
Forum: Personal Investments
Topic: How to Buy TIPS
Replies: 14
Views: 1419

Re: How to Buy TIPS

We (as in everyone) do in fact buy TIPS on the secondary market. They aren't sold directly from the Treasury, taxable account or not. What?! I've bought them directly from the Treasury many times. I've also bought them in the secondary market. Why do you think that buying at auction from the Treasu...
by FIREchief
Fri Nov 13, 2020 7:52 pm
Forum: Investing - Theory, News & General
Topic: "Finally Time for Value Stocks to Shine?"
Replies: 9
Views: 1160

Re: "Finally Time for Value Stocks to Shine?"

These are excerpts: "Value stocks have consistently lagged behind growth stocks over the past five years and especially during the pandemic, with growth stocks overperforming value stocks by more than 44%. However, that trend appears to have changed course over the past few weeks." This p...
by FIREchief
Fri Nov 13, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5661

Re: Aging parents - who pays for expenses related to medical care

This thread is a good reminder of why I want everybody other than my own adult kids to think we are broke and about to lose the house.....

(we actually sold the house two years ago and moved into an apartment, that probably helps the cause :P )
by FIREchief
Fri Nov 13, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5661

Re: Aging parents - who pays for expenses related to medical care

When our parents age, we sometimes encounter out of pocket expenses for things related to their medical care that we normally wouldn't have. We are fortunate that all of our parents are well off, but they got that way from saving rather than spending, so none of them are quick to write checks out. ...
by FIREchief
Thu Nov 12, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money to kids in a trust (or not)
Replies: 35
Views: 3801

Re: Leaving money to kids in a trust (or not)

Presumably, the implication is that they are not prepared to manage the finances themselves. Cost of drugs or alcohol is not the issue. Sufficiently responsible and have life enough under control to run their financial lives is the issue. I know you want to infantilize your kids, but I don't accept...
by FIREchief
Thu Nov 12, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Charitable - new 'maintenance' fee
Replies: 10
Views: 904

Re: Vanguard Charitable - new 'maintenance' fee

At this point, would suggest that the only reason to retain a Vanguard Charitable account is latency. Moving Vanguard hosted assets to Vanguard Charitable takes ~1 business day. Moving 'em to Fidelity takes several. Have been using Vanguard for accumulation, Fidelity for distribution. Good point. T...
by FIREchief
Thu Nov 12, 2020 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Charitable - new 'maintenance' fee
Replies: 10
Views: 904

Re: Vanguard Charitable - new 'maintenance' fee

At this point, would suggest that the only reason to retain a Vanguard Charitable account is latency. Moving Vanguard hosted assets to Vanguard Charitable takes ~1 business day. Moving 'em to Fidelity takes several. Have been using Vanguard for accumulation, Fidelity for distribution. Good point. T...
by FIREchief
Thu Nov 12, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Over-Improving Your Personal Residence?
Replies: 106
Views: 9140

Re: Over-Improving Your Personal Residence?

In 2018 we finally came to grips with the need to start upgrading our 20+ year "forever home." We started with obtaining quotes to redo the master bath. It was scary. Long story short.... the house is gone and I'm now happily sitting in a very nice new construction apartment that has wide ...
by FIREchief
Thu Nov 12, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Charitable - new 'maintenance' fee
Replies: 10
Views: 904

Re: Vanguard Charitable - new 'maintenance' fee

At this point, would suggest that the only reason to retain a Vanguard Charitable account is latency. Moving Vanguard hosted assets to Vanguard Charitable takes ~1 business day. Moving 'em to Fidelity takes several. Have been using Vanguard for accumulation, Fidelity for distribution. Good point. T...
by FIREchief
Thu Nov 12, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: IHG Vacation Club (Possible Inheritance) - Seeking Clarity
Replies: 36
Views: 2804

Re: IHG Vacation Club (Possible Inheritance) - Seeking Clarity

I've read that the only way to get out of most timeshares is to die. My indirect experience suggests that is only true for the deceased; the heirs are unfortunately saddled with the gift that keeps taking from the grave. I have a distant relative that inherited 3 timeshares a few years ago. Speed f...
by FIREchief
Wed Nov 11, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: Why buy or sell during the opening and closing auctions?
Replies: 4
Views: 513

Re: Why buy or sell during the opening and closing auctions?

What are these "auctions" that you speak of? Is that how opening and closing trades are referred to? :confused
by FIREchief
Wed Nov 11, 2020 8:27 pm
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 334
Views: 26151

Re: Taylor Sends His Best to Fellow Bogleheads

Everything I wanted to say....somebody beat me to it!!

Godspeed Taylor. :beer
by FIREchief
Wed Nov 11, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: IHG Vacation Club (Possible Inheritance) - Seeking Clarity
Replies: 36
Views: 2804

Re: IHG Vacation Club (Possible Inheritance) - Seeking Clarity

awizard wrote: Wed Nov 11, 2020 12:10 pm My parents recently purchased 260,000 points in the IHG Vacation Club. With this purchase, they want to ensure that these points pass onto me and my sibling upon their death as an inheritance.

Any help or experience to share would be greatly appreciated.
RUN AWAY!!!! :twisted:
by FIREchief
Wed Nov 11, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: IHG Vacation Club (Possible Inheritance) - Seeking Clarity
Replies: 36
Views: 2804

Re: IHG Vacation Club (Possible Inheritance) - Seeking Clarity

My parents own a timeshare and have teased my sister and I that whichever one of us they like least is going to get the timeshare. That's really funny! :P I've read that the only way to get out of most timeshares is to die. I've attended two timeshare sales pitches in Vegas (both entirely as a mean...
by FIREchief
Wed Nov 11, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Weird Home Buying Situation
Replies: 17
Views: 2243

Re: Weird Home Buying Situation

I went under contract on a new home build in Alaska (moved there from the lower 48), site unseen in person. There were a lot of extras I wanted and was willing to pay for but was told by realtor it would be “impossible,” only to find out after talking to builder that he totally would have done any ...
by FIREchief
Wed Nov 11, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Flooded Looking to Break Lease Early
Replies: 34
Views: 2735

Re: Apartment Flooded Looking to Break Lease Early

Also, the property manager's explanation for the pipe bursting is that there are lots of people working/staying at home because of the pandemic. All the extra water running through the pipes and building up of pressure, in addition to temperature changes, caused the pipe to burst. This is, bluntly,...
by FIREchief
Tue Nov 10, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Shares to Family
Replies: 7
Views: 898

Re: Gifting Appreciated Shares to Family

-He is in the 0% LTCG tax bracket for the year (even with the gift) Just to clarify.... The gift will have no significant impact on his taxes until he sells the shares and incurs the LTCG. If, for example, the shares have $20K in long term gains and he is $10K below the top of the 0% LTCG bracket; ...
by FIREchief
Mon Nov 09, 2020 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best taxable account for donating to large charity
Replies: 11
Views: 597

Re: Best taxable account for donating to large charity

I don't understand why somebody would want to donate appreciated shares within a brokerage account directly to a charity, when a DAF is specifically designed to facilitate this process. With a DAF, the charity receives a check, making it super easy for the charity.
by FIREchief
Mon Nov 09, 2020 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for a Funeral
Replies: 61
Views: 5123

Re: Paying for a Funeral

sorry for your loss. I find it interesting that many people don't make the necessary arrangements beforehand but somehow expect others to pay for it (not speaking in your case, but with families in general). Can't tell you the number of times I've seen people plan nothing and then the family (usual...
by FIREchief
Mon Nov 09, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest DAF in 2020?
Replies: 27
Views: 1851

Re: Cheapest DAF in 2020?

I really don't understand the focus on DAF fees. The DAF itself is a 501c3 charity, so if I pay Fidelity a 0.6% annual fee (balances over $16.6K), it really doesn't bother me. It's not the same as an ER on a fund. While not directly benefiting those in need, the DAF does help to facilitate long term...
by FIREchief
Mon Nov 09, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Recently sold house - roof leaking, repairs didn't work, being contacted by buyer
Replies: 128
Views: 13498

Re: Recently sold house - roof leaking, repairs didn't work, being contacted by buyer

I believe that if a defect is disclosed to the buyer, the buyer has two choices: a) confirm that repairs are made to their satisfaction prior to closing b) close and assume the risks of ongoing defects I sold our third and last house 18 months ago (thank God! :beer ) and found the contract, includin...