Search found 5270 matches

by FIREchief
Wed Oct 07, 2020 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lonely friend died; who steps in to start settling her affairs?
Replies: 45
Views: 7171

Re: Lonely friend died; who steps in to start settling her affairs?

Hopefully, there's a named executor. If not, the next of kin, whether estranged or not, should be notified and take over. In the event of no will and literally no family of any kind, the assets, depending on state law, probably revert to the government and become government property. Take over?? St...
by FIREchief
Wed Oct 07, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Lonely friend died; who steps in to start settling her affairs?
Replies: 45
Views: 7171

Re: Lonely friend died; who steps in to start settling her affairs?

Very little happens automatically with governments. Someone needs to alert the public administrator that this is an estate they need to get involved in. If the house does not look to be maintained, someone needs to follow up and remind them. I've never heard of an executor or family who got called ...
by FIREchief
Tue Oct 06, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lonely friend died; who steps in to start settling her affairs?
Replies: 45
Views: 7171

Re: Lonely friend died; who steps in to start settling her affairs?

In California the public administrator's offices in most counties will only get involved with a probate when there is a public health hazard or some such problem. If it's merely a house going to foreclosure and bank accounts escheating to the state they typically will not get involved even if it's ...
by FIREchief
Tue Oct 06, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lonely friend died; who steps in to start settling her affairs?
Replies: 45
Views: 7171

Re: Lonely friend died; who steps in to start settling her affairs?

Hopefully, there's a named executor. If not, the next of kin, whether estranged or not, should be notified and take over. In the event of no will and literally no family of any kind, the assets, depending on state law, probably revert to the government and become government property. Take over?? St...
by FIREchief
Mon Oct 05, 2020 1:57 pm
Forum: Personal Investments
Topic: Vanguard Poor service [Why is my Roth IRA a brokerage account?]
Replies: 63
Views: 4661

Re: Vanguard Poor service

You don't have to put up with poor service. Follow this two step process and move on with your life! 1. Convert funds to ETF equivalents 2. Move to Fidelity/Schwab/Etrade John Bogle upended the industry with Vanguard and now others do it better. Tip: Vanguard funds don't need to be held at Vanguard...
by FIREchief
Sun Oct 04, 2020 11:22 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

No, it's not the "key factor." The key factor is that somebody who invests in TIPS knows exactly what purchasing power they will have when the TIPS matures. The fact that they have to pay a purchase premium for the "privilege" is fully known and accepted. Inflation adjusted original principle (or b...
by FIREchief
Sun Oct 04, 2020 9:15 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

No, it's not the "key factor." The key factor is that somebody who invests in TIPS knows exactly what purchasing power they will have when the TIPS matures. The fact that they have to pay a purchase premium for the "privilege" is fully known and accepted. Inflation adjusted original principle (or b...
by FIREchief
Sun Oct 04, 2020 8:17 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

TL:DR. It sounds like from some of the forum comments that this was just one more instance of click bait written by somebody who a) doesn't understand the basics of investing or b) has an agenda. I'm not sure what exactly is meant by "ballast," but a healthy ladder of US treasuries will always prov...
by FIREchief
Sun Oct 04, 2020 1:22 am
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

Are you aware that presently TIPS Yield less that inflation, in fact about 1% less? So, how can you assume that they guarantee purchasing power. They absolutely guarantee purchasing power. The fact that the purchasing power in ten years is less than the purchase price in no way affects the guarante...
by FIREchief
Sat Oct 03, 2020 11:09 pm
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 138
Views: 10859

Re: Dying Broke (On Purpose) Article

How does anybody know how much they’ll need between today and death?
by FIREchief
Sat Oct 03, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Financial help for young adult children or grandchildren
Replies: 15
Views: 1475

Re: Financial help for young adult children or grandchildren

2 have 401Ks at work and contribute to them. The other is a musician with fairly low income-especially now during the pandemic. We helped her set up an individual Roth 401k with vanguard, and we help her fund that as well. Does VG really offer an individual Roth 401k account? Do you have a link? Se...
by FIREchief
Sat Oct 03, 2020 7:40 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

abuss368 wrote: Sat Oct 03, 2020 7:32 pm That portfolio included Treasuries and TIPS.
TIPS are treasuries.
by FIREchief
Sat Oct 03, 2020 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financial help for young adult children or grandchildren
Replies: 15
Views: 1475

Re: Financial help for young adult children or grandchildren

2 have 401Ks at work and contribute to them. The other is a musician with fairly low income-especially now during the pandemic. We helped her set up an individual Roth 401k with vanguard, and we help her fund that as well. Does VG really offer an individual Roth 401k account? Do you have a link?
by FIREchief
Sat Oct 03, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

It's very simple. I buy a ten year TIPS today for $1100 and I have guaranteed purchasing power of $1000 ten years from now. I never said anything about not losing some of today's purchasing power, just having a guaranteed future purchasing power. How is that not clear? :confused You forgot about ta...
by FIREchief
Sat Oct 03, 2020 6:58 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

Are you aware that presently TIPS Yield less that inflation, in fact about 1% less? So, how can you assume that they guarantee purchasing power. They absolutely guarantee purchasing power. The fact that the purchasing power in ten years is less than the purchase price in no way affects the guarante...
by FIREchief
Sat Oct 03, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

TL:DR. It sounds like from some of the forum comments that this was just one more instance of click bait written by somebody who a) doesn't understand the basics of investing or b) has an agenda. I'm not sure what exactly is meant by "ballast," but a healthy ladder of US treasuries will always prov...
by FIREchief
Sat Oct 03, 2020 2:31 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

TL:DR. It sounds like from some of the forum comments that this was just one more instance of click bait written by somebody who a) doesn't understand the basics of investing or b) has an agenda. I'm not sure what exactly is meant by "ballast," but a healthy ladder of US treasuries will always prov...
by FIREchief
Sat Oct 03, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: Treasurys no longer provide the ballast for a portfolio
Replies: 106
Views: 8355

Re: Treasurys no longer provide the ballast for a portfolio

TL:DR. It sounds like from some of the forum comments that this was just one more instance of click bait written by somebody who a) doesn't understand the basics of investing or b) has an agenda. I'm not sure what exactly is meant by "ballast," but a healthy ladder of US treasuries will always provi...
by FIREchief
Thu Oct 01, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: How well did you predict your income growth?
Replies: 52
Views: 3941

Re: How well did you predict your income growth?

I didn't even try. I spent over three decades at Megacorp and we rarely knew from year to year if we would still have jobs, let alone income growth.
by FIREchief
Wed Sep 30, 2020 6:04 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 vs Vanguard 500
Replies: 9
Views: 1119

Re: S&P 500 vs Vanguard 500

summerof42 wrote: Wed Sep 30, 2020 5:47 pm I see as of 5:26pm S&P 500 is up +27.53, yet VG 500 is down -1.45. What gives? I know it's minute. . . but
Is there any particular reason you're not using percentages to help us understand exactly what your point is?? :?
by FIREchief
Tue Sep 29, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a lake house with my parents
Replies: 37
Views: 3597

Re: Purchasing a lake house with my parents

Hi all, An opportunity has arisen for my wife and me to purchase a lake house in our town. This would be our 2nd home. We own our first home outright. My parents, who also live in our town, are interested in being co-investors in the lake home. The purchase price of the lake home would be $700K. We...
by FIREchief
Tue Sep 29, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9400

Re: 401K Overpayment - Ex Employer Asking for Money Back

In this case, OP received specific letter which we did not see. OP stated what OP thinks letter asked of him/her and then comes here with can I get away from returning it because whatever (I spent it, I rolled it over, gave it to my GF/BF) . Well, get professional advice and proceed accordingly. Yo...
by FIREchief
Tue Sep 29, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a lake house with my parents
Replies: 37
Views: 3597

Re: Purchasing a lake house with my parents

Yikes!! I would be happier just renting a place at the lake once in a while, and sticking the investment money in an actual investment. 8-)
by FIREchief
Tue Sep 29, 2020 5:45 pm
Forum: Investing - Theory, News & General
Topic: If you could opt-out of the last hour of each trading day, would you?
Replies: 9
Views: 973

Re: If you could opt-out of the last hour of each trading day, would you?

runner3081 wrote: Tue Sep 29, 2020 4:04 pm I opt out of trading myself, completely. Whenever my ROTH, 401K, etc. investments hit, is when money is invested.
Yeah, me too. I generally opt out of all the hours of trading.
by FIREchief
Tue Sep 29, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9400

Re: 401K Overpayment - Ex Employer Asking for Money Back

If you end up receiving a new 1099 from them for this, don't "wait for the IRS to send you a bill." They likely never will, but that doesn't mean you're off the hook, and praying to just never be audited the rest of your life is not the way to go. You'll theoretically owe 6% per year on the overcon...
by FIREchief
Tue Sep 29, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Filed paper return in mid March. Still no status
Replies: 45
Views: 3762

Re: Filed paper return in mid March. Still no status

Still:
Your 2019 Tax Return Has Not Been Processed and the Due Date Has Passed
If you've already filed, processing usually takes 21 days (electronic returns) or six weeks (paper returns).
Paper 1040 mailed March 11. Six weeks?? More like six months..... :P
by FIREchief
Mon Sep 28, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay for healthcare (50-65 year olds)
Replies: 83
Views: 8817

Re: How much do you pay for healthcare (50-65 year olds)

EnjoyIt wrote: Mon Sep 28, 2020 6:38 pm
6miths wrote: Mon Sep 28, 2020 5:32 pm $500 per year. No deductible.
No fair, you live in Canada?
I'm guessing a union based plan. Likely a multi-employer group plan. [Political comment removed by moderator oldcomputerguy]
by FIREchief
Sat Sep 26, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: At what networth is okay to splurge on a 200k car ? (Tesla roadster)
Replies: 159
Views: 10657

Re: At what networth is okay to splurge on a 200k car ? (Tesla roadster)

Some of these responses are really cracking me up. I can buy some over-priced toy, play with it until the novelty wears off, and then sell it at a profit?? Yeah, that sounds like a "safe bet." What could go wrong? :P
by FIREchief
Sat Sep 26, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: estate planning attorneys: how to split an inheritance?
Replies: 28
Views: 2327

Re: estate planning attorneys: how to split an inheritance?

The real complications are how to deal with kids that are born after you write up the will or even after you die. You could also outlive one of your kids. Why is this a complication? Wouldn't the will just direct that x% of the assets be divided equally among all grandchildren alive at that time? :...
by FIREchief
Sat Sep 26, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 81
Views: 5540

Re: Should I go for online Will making software?

Jumping on this thread rather than starting a new one.... Live in CA Single Renter, don't own any property All investment accounts have beneficiaries listed Only thing of real value I even have is my car Any suggestions for someone in my shoes? Do I really need a will? I guess there is the health c...
by FIREchief
Sat Sep 26, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: At what networth is okay to splurge on a 200k car ? (Tesla roadster)
Replies: 159
Views: 10657

Re: At what networth is okay to splurge on a 200k car ? (Tesla roadster)

BruDude wrote: Sat Sep 26, 2020 2:02 pm
FIREchief wrote: Sat Sep 26, 2020 12:59 pm I would hate having a $200K car. Where would I park it?
In the garage, probably.
Yep, and never drive it anywhere. I've seen that. Like the song goes, "At least you can polish the fenders......." :P
by FIREchief
Sat Sep 26, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estate Tax
Replies: 39
Views: 3098

Re: Avoiding Estate Tax

wolf359 wrote: Sat Sep 26, 2020 9:11 am If the surviving spouse inherits everything at first, then the first exemption is essentially wasted.
Portability? :confused
by FIREchief
Fri Sep 25, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I have an estate plan at this point in my life?
Replies: 33
Views: 2798

Re: Should I have an estate plan at this point in my life?

J295 wrote: Fri Sep 25, 2020 8:34 pm Personally, when we were that age we were comfortable with wills with testamentary trusts, durable powers of attorney for healthcare, and powers of attorney.
No medical POAs??
by FIREchief
Fri Sep 25, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I have an estate plan at this point in my life?
Replies: 33
Views: 2798

Re: Should I have an estate plan at this point in my life?

I’m not sure if I should have a full up estate plan at this point in my life or if I should wait until I’m retired in about 9 more years. Below are some generalized facts about my life: An estate attorney once told me that the right time to establish an estate plan is on a person's 18th birthday. O...
by FIREchief
Fri Sep 25, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I have an estate plan at this point in my life?
Replies: 33
Views: 2798

Re: Should I have an estate plan at this point in my life?

I’m not sure if I should have a full up estate plan at this point in my life or if I should wait until I’m retired in about 9 more years. Below are some generalized facts about my life: An estate attorney once told me that the right time to establish an estate plan is on a person's 18th birthday. O...
by FIREchief
Thu Sep 24, 2020 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estate Tax
Replies: 39
Views: 3098

Re: Avoiding Estate Tax

“Some qualified people” likely are not.
by FIREchief
Thu Sep 24, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 81
Views: 5540

Re: Should I go for online Will making software?

There is no evidence that I have seen that Will Maker documents are not valid and recognized. After all 10s of thousands of documents are created by Will Maker. You would think we would have had many lawsuits if the documents were faulty. Have we have one lawsuit? And yet people will say things lik...
by FIREchief
Thu Sep 24, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if your income comes in below the minimum for the ACA?
Replies: 70
Views: 5096

Re: What happens if your income comes in below the minimum for the ACA?

A tax advisor cannot advise on the default order Vanguard will use for the withdrawals. I believe they will do LTCG before STCG and noncovered shares before covered shares. At Fidelity, with my Spec ID accounts, I identify exactly which tax lots to sell. Isn't this the same at VG (or is this yet an...
by FIREchief
Thu Sep 24, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Community property with right of survivorship
Replies: 8
Views: 738

Re: Community property with right of survivorship

I doubt the account title makes any difference. It's typically state law, and not account titles, that determine if an asset is community property. Some lawyers will even include a community property declaration within an estate plan package that declares all property owned by the married couple to ...
by FIREchief
Thu Sep 24, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if your income comes in below the minimum for the ACA?
Replies: 70
Views: 5096

Re: What happens if your income comes in below the minimum for the ACA?

To answer your question about Roth conversions: yes, if you want to create $1300 of taxable income it really is as simple as converting $1300 from your traditional IRA to your Roth IRA. It won't matter whether you or your wife converts since it's only total household income that matters for both AC...
by FIREchief
Thu Sep 24, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 81
Views: 5540

Re: Should I go for online Will making software?

The only wrinkle I have is old trust/will from another state from 10 years back. Can the online software take care of Reinstation? Why do you think this will be an issue? Wouldn't the new document simply supersede any older documents? Does anybody other than you even have a signed copy of the prior...
by FIREchief
Wed Sep 23, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Dental practice billing
Replies: 34
Views: 2673

Re: Dental practice billing

Is this really a dentist's office? Yikes!!
by FIREchief
Tue Sep 22, 2020 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Amended return hasn't been processed in ~2 months.
Replies: 27
Views: 1933

Re: Amended return hasn't been processed in ~2 months.

I filed an amended return mid February. IRS hotline still says it was received but not processed. Am I the winner for the longest delay? Possibly, but not by much!! :P I sent in an amended return for 2019 after I realized that I forgot to write "rollover" next to one of the lines. They hadn't even ...
by FIREchief
Tue Sep 22, 2020 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Trust Beneficiary Modification
Replies: 57
Views: 2867

Re: Trust Beneficiary Modification

If the father and the two children, being all of the beneficiaries, and the trustees agree, who could object? Of course, the trustees may not go along if they are independent and are being asked to do something that is not allowed by the terms of the trust. If, however, they are family or the like,...
by FIREchief
Tue Sep 22, 2020 1:26 am
Forum: Personal Finance (Not Investing)
Topic: HDHP versus PPO
Replies: 43
Views: 2345

Re: HDHP versus PPO

Fyi, a PPO plan can also be an HDHP plan. I am on one now. Not through the Exchange however. Yes. I don't understand the thread title. It's generally HDHP vs. any plan that doesn't meet the HDHP requirements for an HSA. It's also HMO vs. PPO. There are HDHP HMOs and HDHP PPOs and also HMOs and PPOs...
by FIREchief
Mon Sep 21, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5436

Re: Challenging a physician's bill

I'm appalled at a few things, including the fact that any PCP charges $525 for an eight-minute "physical"! The money my PCP receives for my 8 minute physical also pays her for 12 months of coverage for phone calls, portal messaging, prescription refills, test result interpretation/feedback, office/...
by FIREchief
Mon Sep 21, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5436

Re: Challenging a physician's bill

What does it mean for a provider to tell you that they "accept your insurance?" It may mean nothing more than that they will see you on the hopes of ultimately being paid by someone. When is comes to private insurance, in close to 100% of the cases the terms "in network," "out of network" and "cover...
by FIREchief
Mon Sep 21, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Home Listing Mess-Up
Replies: 36
Views: 3857

Re: Home Listing Mess-Up

Coltrane75 wrote: Mon Sep 21, 2020 9:27 am I choice my current one because he was from Redfin with a lower commission.
Is this one of those deals where you take your own photos?