Search found 5291 matches

by FIREchief
Sat Sep 24, 2016 10:12 pm
Forum: Investing - Theory, News & General
Topic: Merriman knocks TSM
Replies: 34
Views: 5776

Re: Merriman knocks TSM

Isn't this just an argument that market cap weighting fails to invest enough in small cap value stocks? If so, why not just say it that way. To do otherwise just clouds the issue.
by FIREchief
Sat Sep 24, 2016 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Listing minors as contingent beneficiary
Replies: 25
Views: 2776

Re: Listing minors as contingent beneficiary

First, you require that the money be invested in "a Federally insured certificate of deposit or government backed security or fund account." Does "government backed" modify both "security" and "fund account"? If so, you're severely restricting the investment flexibility. The trustees might want to ...
by FIREchief
Sat Sep 24, 2016 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Listing minors as contingent beneficiary
Replies: 25
Views: 2776

Re: Listing minors as contingent beneficiary

... That said, as Grantor I want to know exactly what the trust will require before I pass to the great beyond. I know that many just "trust" (no pun intended) their lawyer to draft a trust upon death that will consider their wishes (and clearly stated terms within a will), but I just don't trust t...
by FIREchief
Sat Sep 24, 2016 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

The following link appears to provide seven different legal opinions on this issue, all suggesting that unless the owner knowingly allowed a dangerous person to drive their car (i.e. "negligent entrustment"), then the owner is not personally liable and therefore not subject to damages beyond what hi...
by FIREchief
Sat Sep 24, 2016 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Listing minors as contingent beneficiary
Replies: 25
Views: 2776

Re: Listing minors as contingent beneficiary

3. Grantor will never know if his wishes are complied with. Grantor is dead. You need to pick someone who is trustworthy as a trustee. Beneficiaries should receive copies of the trust document and will. In my trust, the trustee is required to provide yearly accounting to the beneficiary. Are you su...
by FIREchief
Sat Sep 24, 2016 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Question about using spouse's HSA
Replies: 9
Views: 859

Re: Question about using spouse's HSA

Thanks Spirit Rider. The only thing that confuses me is the scenario where spouse A dies and spouse B is the beneficiary of the HSA. It sounds like the HSA is now considered to belong to spouse B. I don't see how the IRS would allow spouse B to make tax free withdrawals to cover historical expenses...
by FIREchief
Fri Sep 23, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can adult child gift money back to parent?
Replies: 31
Views: 10052

Re: Can adult child gift money back to parent?

If we want to help an adult child with a house down payment, but the child does not want a gift and would rather pay us back over time (yes, basically the child would prefer a loan rather than gift), could we gift the $28,000 limit to the child and allow child to gift money back at a later date or ...
by FIREchief
Fri Sep 23, 2016 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Listing minors as contingent beneficiary
Replies: 25
Views: 2776

Re: Listing minors as contingent beneficiary

You can create the trusts for your children in your Will. I am aware of this option, but if somebody takes this route, who determines the "terms" of the trust? If it is all spelled out in the will, wouldn't that be the same amount of work as just setting up the trust during the lifetime of the gran...
by FIREchief
Fri Sep 23, 2016 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Question about using spouse's HSA
Replies: 9
Views: 859

Re: Question about using spouse's HSA

Thanks Spirit Rider. The only thing that confuses me is the scenario where spouse A dies and spouse B is the beneficiary of the HSA. It sounds like the HSA is now considered to belong to spouse B. I don't see how the IRS would allow spouse B to make tax free withdrawals to cover historical expenses ...
by FIREchief
Fri Sep 23, 2016 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

This may vary by state law. We asked our attorney who should own our cars. She said that ownership did not matter. In our state the liability goes to the driver, not the owner. YMMV Thanks. It is good to hear feedback from an attorney that seems to make sense. The CA DMV site link seemed to imply t...
by FIREchief
Fri Sep 23, 2016 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Question about using spouse's HSA
Replies: 9
Views: 859

Re: Question about using spouse's HSA

from Pub 969 Death of HSA Holder You should choose a beneficiary when you set up your HSA. What happens to that HSA when you die depends on whom you designate as the beneficiary. Spouse is the designated beneficiary. If your spouse is the designated beneficiary of your HSA, it will be treated as yo...
by FIREchief
Fri Sep 23, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Family Residence Into Credit Shelter Trust
Replies: 4
Views: 617

Re: Family Residence Into Credit Shelter Trust

I think one good idea for leaving the residence in trust is that it may provide asset protection, since a bypass trust is irrevocable. I am not a lawyer.
by FIREchief
Fri Sep 23, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

For the state of California, owner of the car is primarily liable: http://www.dmv.org/insurance/when-another-driver-has-an-accident-in-your-car.php "This means that if you loan out your car to driver who is not excluded on your policy (see “When Could You Be Held Liable?” below), your car insurance...
by FIREchief
Fri Sep 23, 2016 6:22 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 86
Views: 10610

Re: What are you YAHOOERS doing?? [due to security breach]

I'm not really doing anything. I don't believe I have ever given them my actual birthday or used any Yahoo email account in conjunction with anything important. At the end of the day, if your security/usernames/passwords at financial institutions are robust, I don't believe much else matters. As an...
by FIREchief
Fri Sep 23, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

Let's say a valet attendant is parking my car and runs over another customer's foot. Since it is my car, am I liable? Granted, my insurance coverage might be pursued, but beyond that are any of my other assets at risk? If the attendant works for Hilton Hotels (or some company with really deep pocke...
by FIREchief
Fri Sep 23, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

I think in general, the person who is hurt and their lawyer come after anyone and everyone they can; whoever has the deepest pockets probably pays the most, even if they are only minimally responsible I believe that you are absolutely correct on this. The question then becomes "Is a vehicle's owner...
by FIREchief
Fri Sep 23, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

Insurance/liability follows the car then the driver (at least in most jurisdictions). Keep the auto insurance; it would be nice if your relatives had their own coverage as well. I've often wondered how much exposure an automobile's owner has if the car is involved in an accident while somebody else...
by FIREchief
Fri Sep 23, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Supervisor - Involve Union?
Replies: 41
Views: 5937

Re: Bad Supervisor - Involve Union?

Two weeks later, I received a formal written disciplinary action from the regional manager based on my supervisors audit. This is the "first step" in our process. I'm basically on a correction plan. Not sure if it is too late, but if I were in your situation I would ask my union rep to file a griev...
by FIREchief
Fri Sep 23, 2016 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question about using spouse's HSA
Replies: 9
Views: 859

Re: Question about using spouse's HSA

Follow on question on this topic. If spouse passes away with some remaining unreimbursed medical expenses, can funds be withdrawn tax free from either the deceased spouse's HSA or the surviving spouse's HSA to cover the now-dead spouses historical qualified expenses? Is there a time limit? I guess a...
by FIREchief
Fri Sep 23, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Automobile in irrevocable trust to limit liability
Replies: 33
Views: 4429

Re: Automobile in irrevocable trust to limit liability

Insurance/liability follows the car then the driver (at least in most jurisdictions). Keep the auto insurance; it would be nice if your relatives had their own coverage as well. I've often wondered how much exposure an automobile's owner has if the car is involved in an accident while somebody else...
by FIREchief
Fri Sep 23, 2016 3:43 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 86
Views: 10610

Re: What are you YAHOOERS doing?? [due to security breach]

I'm not really doing anything. I don't believe I have ever given them my actual birthday or used any Yahoo email account in conjunction with anything important. At the end of the day, if your security/usernames/passwords at financial institutions are robust, I don't believe much else matters. As an ...
by FIREchief
Fri Sep 23, 2016 3:05 pm
Forum: Investing - Theory, News & General
Topic: Is Momentum really dead?
Replies: 3
Views: 809

Re: Is Momentum really dead?

Shouldn't this thread be titled "Is MOM really dead?"
by FIREchief
Sat Sep 17, 2016 6:15 pm
Forum: Personal Investments
Topic: How to invest HSA funds
Replies: 6
Views: 1434

Re: How to invest HSA funds

Congrats on being able to hold your HSA at Fidelity. After being stuck with Optum for years our Megacorp finally transitioned to Fidelity. You're on the right track. Two suggestions: a) Just invest it all in total market b) Scan all those receipts and be sure to organize and backup your computer reg...
by FIREchief
Fri Sep 16, 2016 10:18 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 93482

Re: TIPS - Did you give up?

Angst wrote: TIPS auctions are held every year in February (the third Thursday?) and they are "re-opened" in June and October.
You are correctly describing the schedule for 30 year TIPS. 10 year TIPS are auctioned six months of the year. 5 year TIPS are auctioned 3 times a year.
by FIREchief
Fri Sep 16, 2016 6:58 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 93482

Re: TIPS - Did you give up?

Hector wrote: At which brokerage firm do you have account that you can buy individual treasuries at auction for free in retirement account?
Fidelity
by FIREchief
Fri Sep 16, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 93482

Re: TIPS - Did you give up?

... I plan to fund it entirely with TIPS bought at auction and held to maturity. There is no good reason to restrict purchases to the auction. Spreads are low on Treasuries so transaction costs are minimal. The tax complexity of possibly having Amortized Bond Premium (ABP) as well as the OID has di...
by FIREchief
Fri Sep 16, 2016 2:59 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 93482

Re: TIPS - Did you give up?

That's when I decided to start building a TIPS ladder because I had an idea of what I wanted to accomplish with it: I needed a fundamental level of income which I wanted to assure between 65-85. Logistically, it takes time (at least for me) to build a TIPS ladder. However, about 1/3 of the portfoli...
by FIREchief
Thu Sep 15, 2016 3:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Unusual? Trade Warning
Replies: 7
Views: 2184

Re: Vanguard Unusual? Trade Warning

Sorry, I don't remember. At Fidelity I was unable to place an order to roll over a maturing TIPS because there wasn't enough available funds in the account to pay for the purchase, even though the purchase would take place on the same day as a maturity and even though the settlement date wasn't unt...
by FIREchief
Mon Sep 12, 2016 3:19 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Rule of Thumb - Stocks vs Bonds
Replies: 103
Views: 19873

Re: Bogleheads' Rule of Thumb - Stocks vs Bonds

midareff wrote:If you have your retirement number and the Shiller P/E is 27 vs. having your retirement number and the Shiller P/E is 12 .. do you pick the same AA? Chew on that one awhile.
Yes!! 100/0 8-)
by FIREchief
Mon Sep 12, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Why is Fidelity so Persnickety
Replies: 20
Views: 7024

Re: Why is Fidelity so Persnickety

Maybe it's just me (it's not), but I kind of like the fact that Fidelity requires a rigorous procedure to set up a process that allows for rapid movement of large amounts of funds out of my account to some third party. 8-)
by FIREchief
Sat Sep 10, 2016 7:19 pm
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 236
Views: 38910

Re: "Factor investing"

Taylor, the (sic) do include all the asset classes, but only have exposure to one factor, market beta. That's IMO an important distinction since we know that market beta only explains about 2/3 of the variation of returns of diversified portfolios. The other few factors that matter explain almost a...
by FIREchief
Sat Sep 10, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 236
Views: 38910

Re: "Factor investing"

I take out 5% of my portfolio the first of each year and that's "good enough" for my wife and me to enjoy our retirement. I pay an advisor to oversee my portfolio and take care of all of the details that I don't have an interest in monitoring. Paul - hypothetically, if you pay that advisor 1% AUM, ...
by FIREchief
Thu Sep 08, 2016 11:26 pm
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 236
Views: 38910

Re: "Factor investing"

nedsaid wrote: not supported by any academic research
This is where he usually loses me. The very term "academic research" usually conjures up negative thoughts. :annoyed
by FIREchief
Thu Sep 08, 2016 11:22 pm
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 236
Views: 38910

Re: "Factor investing"

Taylor Larimore wrote:
Beware of "factors" that claim they will beat the market.

Best wishes.
Taylor
I think this pretty much says it all. I guess maybe we could change it to "Beware of "<anything>" that claim they will beat the market." :sharebeer
by FIREchief
Thu Sep 08, 2016 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 3623

Re: Should my living trust "own" my safe deposit box?

LarryAllen wrote:I have never heard of SDB being frozen at death. Sounds like a myth to me.
Link from original thread:

http://www.revenue.pa.gov/FormsandPubli ... ev-584.pdf
by FIREchief
Thu Sep 08, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 3623

Re: Should my living trust "own" my safe deposit box?

The box should not be frozen at death and, in fact, if they are named as co-signatories on the account they can get in without proving death which is best. Obviously it needs to be trustworthy people. Having said all that I prefer fire proof boxes or safes at home. So much easier to access. Yes, ea...
by FIREchief
Thu Sep 08, 2016 7:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage will not convert mutual fund to ETF
Replies: 58
Views: 12960

Re: Vanguard brokerage will not convert mutual fund to ETF

At one point I got the distinct impression that VG understood exactly what I was doing, and why I was doing it, but simply didn't want to be all that helpful because it was $$$ leaving VG. :annoyed If the money is still in a Vanguard fund, earning Vanguard their expense ratio, and they don't have a...
by FIREchief
Thu Sep 08, 2016 5:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage will not convert mutual fund to ETF
Replies: 58
Views: 12960

Re: Vanguard brokerage will not convert mutual fund to ETF

Sorry, I have to ask: Was it really hell? C'mon, really? I didn't think I was that bad on getting you to work through this. Of course not! However, in terms of dealing with a financial institution who has "our money" but doesn't seem to understand their own rules, it is a pain in the......butt. Lib...
by FIREchief
Thu Sep 08, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 3623

Re: Should my living trust own my safe deposit box?

You can make the trustee and successor trustee authorized persons to access your SDB. Just make sure that they have no such authority until after your demise. Thanks Huey. Have you done this successfully? In my situation, there would be little or no concern if my trustee or successor trustee had ac...
by FIREchief
Thu Sep 08, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 3623

Re: Should my living trust own my safe deposit box?

I doubt that would work since bank requires a signature to get into the safety deposit box this suggests an individual must be the "owner" My bank does have a signature form on file, but they only require a valid drivers license to actually access the box. That said, I believe that the trustee(s) a...
by FIREchief
Thu Sep 08, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 3623

Re: Should my living trust own my safe deposit box?

The bank owns the box. You are only a renter or co-renter. Good clarification. I should have used a word other than owner (accessor? custodian? not sure what would be best). As far as putting estate planning documents in it, our trust says there are two original copies of the trust document and eit...
by FIREchief
Thu Sep 08, 2016 1:51 am
Forum: Personal Finance (Not Investing)
Topic: "Letter of Final Instructions"
Replies: 52
Views: 23662

Re: "Letter of Final Instructions"

Be aware that safety deposit boxes are sealed upon one's death, even if it is jointly held. A survivor can get access, but only to get the will or burial instructions. For example, PA law: Brochure: Pennsylvania Inheritance Tax & Safe Deposit Boxes (REV-584) Important documents themselves can be st...
by FIREchief
Thu Sep 08, 2016 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Should my living trust "own" my safe deposit box?
Replies: 22
Views: 3623

Should my living trust "own" my safe deposit box?

A good question came up in this thread: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=198919 I checked my state's laws and, apparently, if I pass away the co-owners of my safe deposit box will not be able to access it immediately. It seems this is common across many/most states. Does anybody ...
by FIREchief
Tue Sep 06, 2016 7:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage will not convert mutual fund to ETF
Replies: 58
Views: 12960

Re: Vanguard brokerage will not convert mutual fund to ETF

This issue is binary!! There is no gray area. If the fund prospectus allows for the conversion, then there is no further discussion. The prospectus trumps all. This is the law. Why is there still discussion? :oops:
by FIREchief
Tue Sep 06, 2016 4:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage will not convert mutual fund to ETF
Replies: 58
Views: 12960

Re: Vanguard brokerage will not convert mutual fund to ETF

The question for me would be why would someone want to convert from vscsx to vcsh. The expense ratio is the same , I think I would prefer to hold the mutual fund myself. To transfer to a real brokerage in-kind where there are knowledgeable customer service reps would be one reason. Bingo!!!!! This ...
by FIREchief
Mon Sep 05, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: "Letter of Final Instructions"
Replies: 52
Views: 23662

Re: "Letter of Final Instructions"

Thanks for posting that Taylor. I've been working on compiling a similar listing, and yours had a few things I had missed. As a reminder to all, you are never too young to put together this type of letter. Also, the correct age to establish medical POA, living will, HIPPA release and similar documen...
by FIREchief
Sat Sep 03, 2016 2:22 am
Forum: Personal Investments
Topic: Is there an investment with a FIXED rate of 3.5% or higher?
Replies: 32
Views: 5941

Re: Is there an investment with a FIXED rate of 3.5% or higher?

A bond heavy mix of a couple of bond/stock index funds coupled with percentage rebalancing. Not fixed but if you're a long term investor who cares? http://www.investingadvicewatchdog.com/images-new/chart-2000-2015.jpg Thanks!!!!! I just rebalanced my portfolio to 28% stocks / 72% bonds. Life will b...
by FIREchief
Fri Sep 02, 2016 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRA in Trust?
Replies: 23
Views: 2393

Re: IRA in Trust?

afan wrote:I think using an accumulation trust also keeps the assets out of the beneficiary's estate for estate tax purposes?
I believe that you are correct.
by FIREchief
Fri Sep 02, 2016 2:59 pm
Forum: Investing - Theory, News & General
Topic: Part 2 of series on how frequency of checking values can impact returns
Replies: 22
Views: 3815

Re: Part 2 of series on how frequency of checking values can impact returns

larryswedroe wrote: One of my favorite expressions is if you have already won the game, why are you still playing?
Same reason a Super Bowl MVP returns the next season. There is more good to be accomplished. :sharebeer
by FIREchief
Fri Sep 02, 2016 2:57 am
Forum: Personal Finance (Not Investing)
Topic: IRA in Trust?
Replies: 23
Views: 2393

Re: IRA in Trust?

I do not see any need in the OP's post for putting IRAs in a trust. The beneficiary and contingent beneficiaries should be sufficient. There may not be a "need," but there are several good reasons that some people do this. a) asset protection for the beneficiary (really only robust if the trust is ...