Search found 96 matches

by lgb
Wed Dec 18, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

Sorry for your loss. This will happen to me one day. My brother is the executor. I trust him to do the right thing, and will back up what he decides. Probably hire a lawyer. Probably hire somebody to sell off the estate. Probably divide things equally between siblings. I'd rather not think about it...
by lgb
Wed Dec 18, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

Hopefully nothing has to go through Probate - as at least all the investment accounts point to the Irrevocable Living Trust as the beneficiary, things like Bank account and Car are a TOD Transfer on Death setup to a Sibling - but known to be split evenly ultimately. So I presume the Investments all...
by lgb
Wed Dec 18, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

I just wanted to inquire in regards to an expected inheritance at some point in the near future - how exactly that would play out. This is due to both parents having ultimately passed at this point (the remaining just recently in the past few months past age 70, and had already been taking RMD's) a...
by lgb
Wed Dec 18, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

A partial answer - accounts that have designated beneficiaries don't pass to heirs by way of a will or trust. So if you are named as a beneficiary that money should get transferred to you fairly quickly. You will need to provide the financial institution with a copy of the death certificate, and th...
by lgb
Wed Dec 18, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

It seems like each state has different rules on inheritances. My state requires probate on real estate unless it goes directly to heirs, such as through Transfer on Death Deed. There is also a dollar limit, I think it is 75k not passing directly to heirs. In other words it is not always simple. :ha...
by lgb
Wed Dec 18, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

I just wanted to inquire in regards to an expected inheritance at some point in the near future - how exactly that would play out. This is due to both parents having ultimately passed at this point (the remaining just recently in the past few months past age 70, and had already been taking RMD's) a...
by lgb
Wed Dec 18, 2019 1:11 am
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

Re: New to Inheritance - What to expect

Hopefully nothing has to go through Probate - as at least all the investment accounts point to the Irrevocable Living Trust as the beneficiary, things like Bank account and Car are a TOD Transfer on Death setup to a Sibling - but known to be split evenly ultimately. So I presume the Investments all ...
by lgb
Tue Dec 17, 2019 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2442

New to Inheritance - What to expect

I just wanted to inquire in regards to an expected inheritance at some point in the near future - how exactly that would play out. This is due to both parents having ultimately passed at this point (the remaining just recently in the past few months past age 70, and had already been taking RMD's) an...
by lgb
Sun Dec 01, 2019 10:26 am
Forum: Personal Investments
Topic: What would you do? [Portfolio Review]
Replies: 6
Views: 797

Re: What would you do? [Portfolio Review]

Stuffed all of our stuff in Personal Capital utility and it gave a nice summary in my mind... Spouse feels like all our money is locked up in 'retirement' accounts and is pretend money and feels we don't have any money and that expenses for Personal and Business just keeps going up and up and up......
by lgb
Sun Dec 01, 2019 9:37 am
Forum: Personal Investments
Topic: Bridge account?
Replies: 21
Views: 1232

Re: Bridge account?

I didn't know about the rule of 55..... I am 43 and spouse and I only have presently SIMPLE IRA's and spouse has an old employer 401K never rolled to anything and we have 2 small ROTH IRA's we can't really contribute to presently. Most of the money is in the SIMPLE's setup with my Business. In orde...
by lgb
Sun Dec 01, 2019 9:03 am
Forum: Personal Investments
Topic: Bridge account?
Replies: 21
Views: 1232

Re: Bridge account?

I didn't know about the rule of 55..... I am 43 and spouse and I only have presently SIMPLE IRA's and spouse has an old employer 401K never rolled to anything and we have 2 small ROTH IRA's we can't really contribute to presently. Most of the money is in the SIMPLE's setup with my Business. In order...
by lgb
Sat Nov 30, 2019 1:55 pm
Forum: Personal Investments
Topic: What would you do? [Portfolio Review]
Replies: 6
Views: 797

What would you do? [Portfolio Review]

Stuffed all of our stuff in Personal Capital utility and it gave a nice summary in my mind...now I'm wondering what would you all do differently in our situation. Have mixed feelings of we're not doing enough to we're doing fine to we're able to almost retire or something! Age 43 and Married with 2 ...
by lgb
Fri Nov 29, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Inherited House from parents passing - How to handle assets
Replies: 24
Views: 3118

Re: Inherited House from parents passing - How to handle assets

Yes - one of the out of town siblings is the executor of the estate. This sounds like a problem. As executor, they are responsible for creating an inventory of estate assets, determining value, determining disposition, etc. I would never agree to serve as executor for any typical estate outside of ...
by lgb
Tue Nov 26, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Inherited House from parents passing - How to handle assets
Replies: 24
Views: 3118

Re: Inherited House from parents passing - How to handle assets

Yes - one of the out of town siblings is the executor of the estate. Not sure they know what to do really, nor do any of us. Also they are not the one being slow/deliberate with wanting to go through everything, one of the local siblings taking this death the hardest is (understandable). The one tha...
by lgb
Tue Nov 26, 2019 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Inherited House from parents passing - How to handle assets
Replies: 24
Views: 3118

Re: Inherited House from parents passing - How to handle assets

Unless the parents had valuable antiques/collectibles/equipment or had a habit of hiding money around the house, the monthly cost of keeping the house likely exceeds the sale value of its contents. Great point! Will definitely mention a few months of expenses will eat in to any/some supposed money ...
by lgb
Sat Nov 23, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Inherited House from parents passing - How to handle assets
Replies: 24
Views: 3118

Inherited House from parents passing - How to handle assets

Just looking for experienced thoughts on best methods to sell inherited paid for house that really hasn't been 'gone through'. In particular I'm looking for tips on how best to go through what remains in the house to remove everything (furniture, home decor and other usual household items) - just as...
by lgb
Mon Nov 11, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Business Insurance - Who are the main players?
Replies: 5
Views: 576

Re: Business Insurance - Who are the main players?

Thank you for the replies! It isn't so much that the Independent Agent hasn't maybe necessarily shopped around 'for us', I just realize now that the person we had in the business handling this year after year after year was more than content to just do the same old same old in all aspects of their j...
by lgb
Mon Nov 11, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Business Insurance - Who are the main players?
Replies: 5
Views: 576

Business Insurance - Who are the main players?

Just seeing if the folks here can provide a pulse of who the main Insurance players are. For my business we've been using the same insurance company (the actual provider) for probably 20+ years. Using the same local independent agent and who they represent and recommend the entire time. This would b...
by lgb
Tue Oct 29, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking Expenses using Quickbooks?
Replies: 6
Views: 457

Re: Tracking Expenses using Quickbooks?

thanks for the replies!
by lgb
Mon Oct 28, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking Expenses using Quickbooks?
Replies: 6
Views: 457

Re: Tracking Expenses using Quickbooks?

just entering it in manually... the entering in of day to day stuff is not that complicated for us - as we mostly use cash to pay for things anyways and if we do use credit cards they are paid off every month to $0 - and the pay/income side is fairly consistent every month. Just trying to see what t...
by lgb
Mon Oct 28, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking Expenses using Quickbooks?
Replies: 6
Views: 457

Tracking Expenses using Quickbooks?

Does anyone have any suggestion along with maybe a tutorial of some sort to track 'personal' finances using Quickbooks desktop version? Just trying to capture yearly expenses vs. income coming in via our paychecks. We use Quickbooks for our business and we feel like we have a great handle of income ...
by lgb
Sun Oct 13, 2019 12:04 am
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 5701

Re: What workout equipment to get?

I would recommend getting a set of Powerblock adjustable dumbbells for your strength training - they should last forever and there is always a buyer for them near what you paid for them, and they take up almost no space (unlike having various sizes or plates) - and use the JeFit application to custo...
by lgb
Thu Apr 18, 2019 8:51 pm
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

Agreed - I was thinking this would have nothing to do with any existing personal accounts or any new personal accounts being setup.... as I try to make certain business and personal are entirely separated both in my mind and in reality. Literally just wanting to park business checking monies into a...
by lgb
Thu Apr 18, 2019 7:39 am
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

I would put it in the Vanguard Prime Money Market Fund, but if you worry about such things as FDIC (I do not), then put it in the Vanguard Treasury Money Market Fund (which has a $50,000 minimum). Treasury is as good as FDIC. What happens if you do go below 50,000? This local business checking is m...
by lgb
Thu Apr 18, 2019 7:37 am
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

Again, you are talking about setting up a business account at Vanguard. Vanguard is not going to let you setup an individual account at Vanguard and then connect it via ACH to a business checking account at your local bank. I'd guess that almost every answer here has no experience with a business a...
by lgb
Thu Apr 18, 2019 7:07 am
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

I would put it in the Vanguard Prime Money Market Fund, but if you worry about such things as FDIC (I do not), then put it in the Vanguard Treasury Money Market Fund (which has a $50,000 minimum). Treasury is as good as FDIC. What happens if you do go below 50,000? This local business checking is m...
by lgb
Thu Apr 18, 2019 6:35 am
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

Have you searched the latest high yield online accounts? Off the top of my head, for that amount, I'd look at CIT, Discover and Ally. Redneck pays 2.5% but only up to $50k. Oh, and dump that loser bank and get a credit union. Who doesn't do electronic transfer these days? Scrooge McDuck Savings and...
by lgb
Thu Apr 18, 2019 6:25 am
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

Have you searched the latest high yield online accounts? Off the top of my head, for that amount, I'd look at CIT, Discover and Ally. Redneck pays 2.5% but only up to $50k. Oh, and dump that loser bank and get a credit union. Who doesn't do electronic transfer these days? Scrooge McDuck Savings and...
by lgb
Thu Apr 18, 2019 5:38 am
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

also - how safe is VMMXX Money Market Fund compared to a FDIC insured Bank Jumbo CD?
by lgb
Wed Apr 17, 2019 11:51 pm
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Re: Where to put $100,000

So with VMMXX Money Market Fund - do we have to keep at least $100,000 in there minimum, or can we take $90,000 and shove it back into our business checking? I presume we could have Vanguard setup with our local existing business Bank so that we would login to Vanguard? and electronically transfer m...
by lgb
Wed Apr 17, 2019 10:36 pm
Forum: Personal Investments
Topic: Where to put $100,000
Replies: 18
Views: 2431

Where to put $100,000

Can anyone advise on the best place to put $100,000 - maybe up to $200,000 of money that is in a business that normally just sits throughout the year in a negligible interest bearing account. Would only want it tied up for 1 month not any longer (like a CD) before we'd feel a little uncomfortable. T...
by lgb
Thu Mar 21, 2019 10:57 pm
Forum: Personal Investments
Topic: Brokerage Differences
Replies: 17
Views: 1024

Re: Brokerage Differences

So up until now I was heading down a path of moving some retirement accounts at TRowe, Prudential, Fidelity to either all to TRowe or to all Fidelity. To kind of consolidate things and shed the known higher expense fees of the Prudential investments and possibly consider moving away from the more a...
by lgb
Wed Mar 20, 2019 3:45 pm
Forum: Personal Investments
Topic: How irresponsible is this?
Replies: 20
Views: 4524

Re: How irresponsible is this?

What a great website mentioned above! Portfolio Visualizer
by lgb
Wed Mar 20, 2019 2:56 pm
Forum: Personal Investments
Topic: Brokerage Differences
Replies: 17
Views: 1024

Re: Brokerage Differences

Absolutely that thought came to my mind as well. Mainly because I have seen her do it for other 'professional service' things - such as an alternative accountant to work with, or insurance person or banker...etc... She also said she personally invests with one of those outfits herself - but I believ...
by lgb
Wed Mar 20, 2019 2:47 pm
Forum: Personal Investments
Topic: Brokerage Differences
Replies: 17
Views: 1024

Re: Brokerage Differences

If you're willing to work with advisor over the phone and stick with only Vanguard, I would recommend you work with Vanguard and ask about PAS. If nothing else, Vanguard won't rip you off. Their aim is not to empty your pockets into theirs. I honestly can't say that any other firm doesn't have that ...
by lgb
Wed Mar 20, 2019 2:40 pm
Forum: Personal Investments
Topic: Brokerage Differences
Replies: 17
Views: 1024

Re: Brokerage Differences

Thank you for your reply. I have some experience with Fidelity and have been content with them to date. I didn't get the slimy sales feel after working with Fidelity. It was for a family member with health issues, and they ended up going with more Fidelity actively managed funds where they do charge...
by lgb
Wed Mar 20, 2019 2:21 pm
Forum: Personal Investments
Topic: Brokerage Differences
Replies: 17
Views: 1024

Re: Brokerage Differences

Thank you for your reply! What if one of the advisors is also a CFP? I guess they would likely be Fee Based, not Fee Only and would have obvious bias towards their firm/products. Thanks for the link to CFP's - unfortunately there are none really close by in our area. I would be fine paying a fee to ...
by lgb
Wed Mar 20, 2019 2:02 pm
Forum: Personal Investments
Topic: Brokerage Differences
Replies: 17
Views: 1024

Brokerage Differences

So up until now I was heading down a path of moving some retirement accounts at TRowe, Prudential, Fidelity to either all to TRowe or to all Fidelity. To kind of consolidate things and shed the known higher expense fees of the Prudential investments and possibly consider moving away from the more ac...
by lgb
Sun Mar 03, 2019 10:07 pm
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

So a Summary to my own Summary of Questions is as follows: Questions: 1. I am interested in whether there is any glaring bad things we are doing with the investments presently as noted above. It seems like we may be lacking in protection type funds (Bonds?), but we do have a lot of Cash in retrospec...
by lgb
Sun Mar 03, 2019 3:56 pm
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

I just hadn't been convinced yet to go all Index funds, since I've always had this mix of Mutual Funds. Still kind of unsure to do that Index to Mutual Fund change. So that change would be my own hurdle to overcome to make a change, let alone the move away from Prudential which takes some convincin...
by lgb
Sun Mar 03, 2019 12:03 pm
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

I just hadn't been convinced yet to go all Index funds, since I've always had this mix of Mutual Funds. Still kind of unsure to do that Index to Mutual Fund change. Just so you know, the Indexes Bogleheads recommend are also mutual funds (e.g. VTSAX or FXROX). There are counterparts called ETFs too...
by lgb
Sun Mar 03, 2019 10:11 am
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

We only have them with Prudential because we were talked into it by our rep. Is this rep charging you a fee (e.g. an Assets Under Management or AUM fee)? If so, what is this fee percentage? No - not any sort of formal agreement about that, just the expense fee of the Fund itself and a $35 Admin fee...
by lgb
Sun Mar 03, 2019 1:03 am
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

If you've "been a lurker for years" on this forum, you've probably noticed that we believe in using very low-cost index funds for most if not all of our retirement investments. Your SIMPLE IRA with TRPrice is using funds that are much too expensive. Instead of paying expense ratios of 0.6...
by lgb
Sun Mar 03, 2019 12:52 am
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

Duckie - Yes, I am able to do whatever I like with our retirement plan, and we have considered whether we may change it to something that might be more advantageous. It is looking like we won't have any additional employees aside from myself and my wife as the final one has left that I have been gro...
by lgb
Sat Mar 02, 2019 4:31 pm
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

Re: My Portfolio Review

Okay - thanks for the reply! So for Question #1 basically see if there are some things to simplify in the overall mix of funds we are invested in overall with some less Expense Fees where they are high and then for Question #3 concerning the extra $1,000/month we now have, you'd suggest looking to p...
by lgb
Fri Mar 01, 2019 10:52 pm
Forum: Personal Investments
Topic: My Portfolio Review
Replies: 19
Views: 4906

My Portfolio Review

Hi Everyone! - Lurker for years here, just looking for other thoughts and considerations from those both younger and older and in the same boat to provide some other perspective. Emergency funds: We have $100,000 in liquid cash in Savings Personally in one Bank / We have another ~$500,000 Liquid cas...