Search found 565 matches

by FoolStreet
Fri Apr 21, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 65
Views: 8510

Re: Trust Services

...I agree with all of this, which is why I feel that a trust that restricts a trustee to index investing should also have a means to modify that requirement in the event the future is radically different. The Trust Protector approach is one way to do this. There is already appropriate boilerplate ...
by FoolStreet
Thu Apr 20, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 7304

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Yes, we have a appointment with Vanguard end of this month. They are backed up. Most of the reviews we saw on VPS is Vanguard advisor will be very cookie-cutter (which may satisfy us anyway) but will not be a CFP and will not review our insurances etc - not comprehensive planning, will not review o...
by FoolStreet
Wed Apr 19, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 7304

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Advisor told us we have less Term Life Insurnace we should. I've 1.2 M and wife has 750K Term - 20 year, we are 6 yrs into term. I guess that was his reasoning into IUL to supplement our term-life - not sure. we will find out on our next (and last meeting) Question is How do BH decides how much ins...
by FoolStreet
Mon Apr 17, 2017 10:20 pm
Forum: Personal Consumer Issues
Topic: Hiking the Tahoe Rim Trail
Replies: 28
Views: 3904

Re: Hiking the Tahoe Rim Trail

Sounds like a great time! My wife and I used to do a lot of backpacking and miss it. Posts like this inspire me to go again soon. Thanks for posting!
by FoolStreet
Mon Apr 17, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 65
Views: 8510

Re: Trust Services

I remember a thread on this and paraphrasing bsteiner, he said, do you want the low cost investing approach? Or do you want the arms-length benefit of trust asset protection from creditors and spouses? If the former then select an individual trustee. If the latter, pick a firm. He also seems to be r...
by FoolStreet
Thu Apr 06, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 8338

Re: Secretly entered two comma club

Yep, cash flow versus balance sheet-- (and I don't include home equity in two comma) you can't use home equity for paying bills nor can you access certain retirement accounts without significant penalties. Stealth millionaire is better-- no expectation of keeping up with the Jones, needing the late...
by FoolStreet
Thu Apr 06, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 8338

Re: Secretly entered two comma club

Well, you should at least give into your wife on the kindergarten issue. Well, there is a difference between balance sheet and statement of cash flows for a reason. Just because your house has equity and your retirement accounts are funded does not mean you have the cash flow to pay for private. Bu...
by FoolStreet
Thu Apr 06, 2017 1:47 am
Forum: Investing - Help with Personal Investments
Topic: How to manage lump sum from real estate sale
Replies: 18
Views: 3161

Re: How to manage lump sum from real estate sale

ORIF: I am in a similar situation. Expect the sale of business with real estate to consummate next month. In order to save money on capital gains tax I was referred by my CPA to a financial advisor who tried to sell me DST's (Delaware Statutory trusts) via 1031 exchange --very high fee products , O...
by FoolStreet
Mon Apr 03, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: Helping explain low cost indexing to friends
Replies: 19
Views: 1984

Re: Helping explain low cost indexing to friends

Hi, Recently a close friend of mine asked for help with how to invest her ROTH IRA money. I explained that I used Vanguard index funds in my own ROTH. I will formally sit down with her in the coming weeks to show her exactly what it is I invest in. That being said, I have already read other threads...
by FoolStreet
Tue Mar 28, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Non-traded REIT - Analyzing how horrible, and trying to get out
Replies: 30
Views: 3936

Re: Non-traded REIT - Analyzing how horrible, and trying to get out

jbinker -- I'm in a similar situation, though somewhat of our own making, in that we trusted him, where our CFP (FA) put us in a 3 different non-traded REIT's in 2014. I've been trying to learn as much as I can, and it's very difficult trying to decide whether to keep them and wait them out or sell...
by FoolStreet
Sat Mar 25, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Planning for home purchase and simplifying investments
Replies: 4
Views: 845

Re: Planning for home purchase and simplifying investments

Thanks for the detailed reply. Let's start with the 401k / IRA Why don't you post what you are currently invested in with their expense ratios, and your desired risk level (to come up with your overall stock v bond mix), and make sure you tell us what funds and expense ratios are available in your ...
by FoolStreet
Fri Mar 24, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Buy a house or wait in bay area
Replies: 34
Views: 6887

Re: Buy a house or wait in bay area

Hello bogleheads, We see numerous threads on this topic and would welcome advice from folks who have been down the path. Our stats in Brief: Bay area double income couple. Newborn at home.(going to day care in 3 months) Have 20% downpayment for 750-850k range house. (plus 3 months EFund only after ...
by FoolStreet
Sun Mar 12, 2017 12:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 99
Views: 31321

Re: San Jose, CA Area Bogleheads Chapter

I think that we can cover these topics on this board if you repost the questions and background to the main page. a. Pick vanguard (board approved!) or fidelity or Schwab 1. Keep it in a short term bond fund or high yield savings account. Depending on your income tax rate, consider 50/50 short term...
by FoolStreet
Thu Mar 09, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for home purchase and simplifying investments
Replies: 4
Views: 845

Re: Planning for home purchase and simplifying investments

Pulling my comments from the local sub chapter thread..... I think that we can cover these topics on this board if you repost the questions and background to the main page. a. Pick vanguard (board approved!) or fidelity or Schwab 1. Keep it in a short term bond fund or high yield savings account. De...
by FoolStreet
Tue Mar 07, 2017 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Steps to take now before family member's imminent death
Replies: 24
Views: 4066

Re: Steps to take now before family member's imminent death

Post by SimonJester » Mon Mar 06, 2017 6:02 pm The only thing that comes to mind is perhaps as a family start thinking about final arrangements (as in funeral arrangements) ahead of time. Perhaps write down things you want to happen, what sort of expenses the family would want for the funeral. Havi...
by FoolStreet
Sun Mar 05, 2017 12:47 am
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 99
Views: 31321

Re: Leaving Wells Fargo - Recommendations for fee-only financial advisor

Hello San Jose Bogleheads. I am looking for recommendations on a fee-only advisor in the Bay Area. Preferably in SF or reachable by phone. I wish I could make it to the next San Jose chapter Bogleheads meeting but it's difficult to get out in the evenings due to the kids, and I live way up in SF. B...
by FoolStreet
Sun Mar 05, 2017 12:26 am
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 43
Views: 13426

Re: 4runner vs. Highlander?

I have both though they are not close to the same model years. The 4runner is a 2000 with 235k on it and the highlander is a 2015 with 20k on it. Like others have mentioned the highlander drives like a car and is great on road trips. The 4runner drives like a truck and will punish you all the way t...
by FoolStreet
Wed Mar 01, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance laddering and inflation
Replies: 6
Views: 1226

Re: Life insurance laddering

I'm 35, looking to buy a 30 year term policy, and am trying to figure out if I should ladder some policies to save a bit of money in later years. I saw that banner offers rider products that make it easy to ladder by avoiding duplicate policy fees, which is nice. What I'm not sure of, though, is ho...
by FoolStreet
Tue Feb 28, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: saving for european vacay in 2055
Replies: 31
Views: 3938

Re: saving for european vacay in 2055

Lake Living wrote:
Hogan773 wrote:I am looking to set aside some money today as I have my eye on the 2052 model Honda Accord Self-Piloting AutoDrone.
The Accord will have a total redesign for 2053, so it may be worth waiting a year.

You two!
by FoolStreet
Sat Feb 25, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down rental property mortgage
Replies: 16
Views: 1464

Re: Invest or pay down rental property mortgage

I get that this has been rehashed to death but let me just ask for confirmation of my math. Because of the deduction for home interest, I don't pay down my home loan. But given the choice between paying down rental property mortgages and investing in a dviersified fund (*after* already maxing out 4...
by FoolStreet
Sun Feb 19, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 10
Views: 1663

Re: Mother's finances... lots of stuff spread all over

Thank you for the advice all. I think that yes, the biggest thing is figuring out what the capital gains would be and any taxes associated with that. This is what I was thinking to start: 1. Transfer ALL the IRAs to Vanguard and close the two tIRAs with $6,500 sitting in them and make contributions...
by FoolStreet
Tue Feb 07, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with our Financial Planner - Now where to put Retirement Accounts
Replies: 24
Views: 2397

Re: Breaking up with our Financial Planner - Now where to put Retirement Accounts

Two years ago, we moved all of our retirement accounts to a financial planner. We thought it would be great to consolidate our (husband and I) hodge podge of Roth IRA's, Rollover IRA's, and 401k's. It was a hot mess having those accounts all over the place and at first, I felt great consolidating t...
by FoolStreet
Sun Feb 05, 2017 4:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 99
Views: 31321

Re: San Jose, CA Area Bogleheads Chapter

Wow, if you're serious I think that would be amazing! I see light at the end if a long, long tunnel of trying to get my wife even faintly interested in our portfolio! That sounds like fun!! Unfortunately, I don't think I am serious. SJ is too far for me. But these are conversations you could have w...
by FoolStreet
Sun Feb 05, 2017 4:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 99
Views: 31321

Re: San Jose, CA Area Bogleheads Chapter

Wow, if you're serious I think that would be amazing! I see light at the end if a long, long tunnel of trying to get my wife even faintly interested in our portfolio! That sounds like fun!! Unfortunately, I don't think I am serious. SJ is too far for me. But these are conversations you could have w...
by FoolStreet
Sat Feb 04, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 19707

Re: Two Comma Club

Wonder how long it takes to get to 2M from 1M from here. Too bad, no one posts about 2M. Everyones about hitting the first 1M IMHO after 1 M, the steps are deeper and slower, sand rises higher, and feeling of slogging into the rising wind takes tremendous fortitude. After 2 Mil, Losses are larger, ...
by FoolStreet
Sat Feb 04, 2017 6:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 99
Views: 31321

Re: San Jose, CA Area Bogleheads Chapter

Hi, I'm trying to get my wife involved with at least learning how to rebalance our portfolio. We're not going to be available for the February meeting. But would it be possible to suggest a future meeting theme around nudging spouses who aren't into investing that it isn't all that difficult (or du...
by FoolStreet
Sat Feb 04, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a rental property
Replies: 14
Views: 2376

Re: Paying off a rental property

Anyone done this? My situation: investable assets (tax deferred + taxable) - mid 7 figures. Highest fed and fairly high (MD) tax rate. Mid 40s. Married, 3 kids. No debt except primary property and rental property (see below). The rental property (that was my primary before I moved) has about ~350k ...
by FoolStreet
Sat Feb 04, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 19707

Re: Two Comma Club

If I buy a fixed annuity (or have one already) for, say, $500,000, is that money lost from my net worth? It seems like a philosophical question almost. There is a concept of mark-to-market vs Book value. The market value of an annuity would be the value of selling it today, meaning you have to fact...
by FoolStreet
Wed Feb 01, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 8592

Re: Single Malt Scotch-time for another thread?

My standby that I stock is the Glenfiddich Solera 15 year. Perfect for $35. I would love recommendations on sea spray Islays without the smokiness or peatiness. I can't stand my lagavullin Or laphroig. I tasted a Nikka 17yr which was a lot of fun. I am also always looking for good Ryes to make my Ma...
by FoolStreet
Wed Feb 01, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Please help buying new Avalon limited!
Replies: 51
Views: 5146

Re: Please help buying new Avalon limited!

Hi gang! I am planning on purchasing a 2017 Avalon limited. I have done the bogleheads method and solicited out the door prices from multiple dealers. Best price so far seems to 41900. Highest price so far is 43180....how does that square with the community? I am wondering now that I have the OTD p...
by FoolStreet
Thu Jan 26, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Completely new/oblivious to most of this... need advice
Replies: 16
Views: 1741

Re: Completely new/oblivious to most of this... need advice

Thank you all for your great suggestions. I definitely have some clear action steps now to get more control of things. Warning! You have 100k left. You are withdrawing about $4k/mo (my guesstimate: 6k total income, maybe 2k is earned income the rest is 4K from the trust???) Not counting taxes, you ...
by FoolStreet
Wed Jan 11, 2017 1:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 24303

Re: Sad News About a Respected Forum Member

mcgarrett wrote:I just wanted to say thanks for sharing your knowledge and patiently educating us. I appreciate your honesty and sage advice, and wish you and your family comfort and peace.

McGarrett
+1

Thanks Ole Meph
by FoolStreet
Tue Jan 03, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

Interesting. Part of me wondered if you were the owner heir, especially with the lifetime commitment comment. Did you actually pay anything for the house? Is the guilt tripping sib the one who didn't do anything? I think you can use my earlier post as a guideline and plug in your own numbers and ad...
by FoolStreet
Sun Jan 01, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

If people don't have any more of the story than what OP has posted, their opinions of the "owner/heir" will mostly be shaped by what they think of him in the first place. If they think he is caring and generous and honest, they will be happy to do business with him and appreciate the help he provid...
by FoolStreet
Sun Jan 01, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

If people don't have any more of the story than what OP has posted, their opinions of the "owner/heir" will mostly be shaped by what they think of him in the first place. If they think he is caring and generous and honest, they will be happy to do business with him and appreciate the help he provid...
by FoolStreet
Sat Dec 31, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

We really don't have enough information, because we don't know what the "owning heir" paid for the house, or how much was spent on taxes and repairs, or how much the home value appreciated compared to how that money would have done in a simple 3 fund portfolio, for example. It's possible that "owni...
by FoolStreet
Sat Dec 31, 2016 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

Agree with the confusion. If the deceased did not own the house, then the will does not cover the house. That transaction was made long ago. If there was no more property to deal with, then no one inherits anything, except perhaps the household contents - old furniture and linens and crock pots. Hm...
by FoolStreet
Sat Dec 31, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

Agree with the confusion. If the deceased did not own the house, then the will does not cover the house. That transaction was made long ago. If there was no more property to deal with, then no one inherits anything, except perhaps the household contents - old furniture and linens and crock pots. Hm...
by FoolStreet
Fri Dec 30, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

I find it hard to believe that an heir was able to refinance a house without also being a co-owner of some kind. The remaining heirs need to look at what kind of contribution the occupying heir gave vs the benefits. For example, who was paying the taxes, insurance, and upkeep? Where there other ser...
by FoolStreet
Fri Dec 30, 2016 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Re: Complicated Estate/Trust Questions

What does the will say? Who is the executor? How much money is involved? What is the house worth, what is the mortgage balance? The will said split 3-ways (3 heirs) even. The current owner is the executor was for all practical purposes. 4-500k, less the value of the remaining mortgage(~100k), net a...
by FoolStreet
Fri Dec 30, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Complicated Estate/Trust Questions
Replies: 22
Views: 2308

Complicated Estate/Trust Questions

Have you ever seen situations in which someone is not able to manage their finances and asks a related party to take over their house during retirement, refinance in their name and make payments in perpetuity and take on room-rentals to make the monthly mortgage payment? After many years of staying ...
by FoolStreet
Thu Dec 29, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question about trusts & estate
Replies: 40
Views: 4615

Re: Question about trusts & estate

The main difference is that my dad wrote in provisions to give my share to my wife if I predecease my mother. Her new trust could change that. That's a pretty big difference. Are you sure the simplified tax reporting is worth cutting your wife out? Or, more correctly, the risk that your wife would ...
by FoolStreet
Mon Dec 26, 2016 12:17 pm
Forum: Investing - Theory, News & General
Topic: How The UK RDR Ban On Commissions INCREASED Demand For Financial Advice by Michael Kitces
Replies: 4
Views: 820

Re: How The UK RDR Ban On Commissions INCREASED Demand For Financial Advice by Michael Kitces

Read this article today. Thought it might be of interest not only to our friends across the pond (U.K.) but also in light of changes to DoL fiduciary rule and differences between U.K.'s system and ours. Interesting takeaway: But the “surprise”, he reveals, is that the ban on commissions has actuall...
by FoolStreet
Sat Dec 17, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: What to do with VCADX? [Vanguard California Intermediate-Term Tax-Exempt]
Replies: 13
Views: 2681

Re: What to do with VCADX? [Vanguard California Intermediate-Term Tax-Exempt]

Folks, we invested a fair chunk in VCADX several months ago in our IRA and have watched it decline recently (from 11.94 or so where we bought to 11.45 or so recently) with all the interest rate hike fears. We have always subscribed to the theory that bonds are truly to protect against the downside ...
by FoolStreet
Fri Nov 18, 2016 11:19 am
Forum: Investing - Help with Personal Investments
Topic: 1031 exchange - need feedback quickly
Replies: 33
Views: 3103

Re: 1031 exchange - need feedback quickly

Why not interview several DST broker specialists? We spoke to 6 DST brokers before selecting our favorite two to work with. Quick question - Is depreciation on the new property based on 400K or 210k? It would be on $210k I believe. Someone correct me if I'm wrong. Would you mind sharing more about ...
by FoolStreet
Thu Nov 17, 2016 9:25 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 16968

Re: Muni bonds are getting killed. Are you bailing out?

Staying the course with my VG muni bond funds. I'm looking forward to reinvesting the higher yields and in the not too distant future using them for funding part of my retirement. In addition, I think of how these low yields/interest rates have impacted all the savers who were counting on that mone...
by FoolStreet
Thu Nov 17, 2016 10:51 am
Forum: Investing - Help with Personal Investments
Topic: 1031 exchange - need feedback quickly
Replies: 33
Views: 3103

Re: 1031 exchange - need feedback quickly

My mom's escrow closed yesterday. She decided to pull out $300k from the 1031 exchange thanks to all of your advice, but she didn't feel right pulling out anymore than that. This puts her asset allocation to around 50% real estate, 50% stocks & bonds. She has 45 days from now to identify properties...
by FoolStreet
Wed Nov 16, 2016 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 4966

Re: Strategy for TLH Munis in Taxable?

I, too, am about to TLH from Int Term Tax-Exempt (VWIUX). However, I'd like some clarification before pulling the trigger. I've been automatically reinvesting dividends, but turned that off today. The most recent dividends were paid 10/31. I presume I'm OK if I sell ONLY Specific ID lots acquired p...
by FoolStreet
Wed Nov 16, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 4966

Re: Strategy for TLH Munis in Taxable?

Oh, right. Still, give up 31 days by going to cash means giving up about $400-500 distribution (for about 220k in Munis). I think it makes more sense for us to exchange to CA Long Term and National Limited Term for that reason and also in case bonds go up. I know bonds are generally not volatile co...