Investing - Theory, News & General • Calculating Time to $1MM and each $100k
Here's how this played out for us:Married in 1986, we calculated (with whatever assumptions we made) that we would have 1 million in 18 years. Actually got to it sooner, by 2000.Of course, things went...
View ArticlePersonal Finance (Not Investing) • Estate Plan in Colorado - Will v Trust?
There are many more important issues to consider in your estate planning. If you're considering revocable trusts, since (as you pointed out) Colorado is not a commuity property state, unless your...
View ArticlePersonal Investments • Reducing Large Inherited Holding of a Single Stock
As others have said you likely got a step up in cost basis to the price of the stock on the day of that person's death unless there is some special situation like a...
View ArticlePersonal Finance (Not Investing) • Parents' Financial Situation/Crisis [Heir...
I don't know about what level of involvement you may be asked or required to take with their estates.But you may also want to think about what level of involvement you may be asked to take on with...
View ArticlePersonal Finance (Not Investing) • Letter to heir - what would you include?
OP,the most powerful thing I heard was from the lawyer that worked with my mom and I on her will. She talked about the power of a letter that told why a certain memento was given to them and why it...
View ArticlePersonal Finance (Not Investing) • Tax deduction for legal fee related to...
At one time, one could deduct job related legal fees that exceeded 2% of AGI as a miscellaneous itemized deduction. However that was abolished several years ago.Statistics: Posted by pshonore — Thu...
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Personal Investments • Google 401k choices shockingly bad
The difference between total market & sp&p500 is overblown in these parts. They are "substantially identical" to steal a term from the IRS A term which the IRS has never used in relation to...
View ArticlePersonal Finance (Not Investing) • College degree worthwhile for marketing?
Because of her parents' poor financial situation, she gets Pell grants to cover her full tuition. I pay $4500 per year (from 529), which covers her housing. "Because of her parents' poor financial...
View ArticlePersonal Investments • Do I need to do anymore Roth conversions?
In your situation, Roth conversions to benefit your children as heirs seems inconsistent with your desire to contribute more than your RMD amount to charity. If you plan to continue to make QCDs in...
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Personal Finance (Not Investing) • The best game-changing financial advice...
Becoming completely debt free. There is no such thing as good debt.Most home owners would disagree Statistics: Posted by gunny2 — Fri Mar 15, 2024 8:36 am — Replies 46 — Views 2523
View ArticlePersonal Finance (Not Investing) • How much should I leave to nieces/nephews...
Just don't do what my uncle did - which is leave all of his assets to one nephew and nothing to the many other nieces and nephews.Statistics: Posted by Call_Me_Op — Fri Mar 15, 2024 8:37 am — Replies...
View ArticleInvesting - Theory, News & General • (Probably stupid) question about...
Thanks. I'm not going to let those numbers go to my head though.Statistics: Posted by gunny2 — Fri Mar 15, 2024 8:38 am — Replies 2 — Views 331
View ArticlePersonal Consumer Issues • Advice re London Neighborhoods, Hotels?
We recently stayed in Bloomsbury and found it to be a very convenient base for all our exploring. We were able to walk to many major sites and due to the great tube, bus and train access, anywhere...
View ArticlePersonal Finance (Not Investing) • moving from ~600k to ~1.5M income
It kind of depends on if it is a one time thing or a semi-permanent increase in income. A one time thing I would treat like a windfall and would be very careful not to let it increase my ongoing...
View ArticlePersonal Consumer Issues • How much do you spend a month on food?
3 at home. 1 at college. 1 launched.~$100 per week. Mostly Aldi and some Walmart. Only kid 3 eats meat/cow dairy stuff.Statistics: Posted by bloom2708 — Fri Mar 15, 2024 8:38 am — Replies 333 — Views...
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Personal Consumer Issues • Need Help Finding a Hobby
Thank you all for the wonderful suggestions.I think one of my biggest challenges is I don't really know what it is I enjoy doing It sounds crazy but how does one figure that out?I live in a 2-bedroom,...
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Personal Finance (Not Investing) • The VPW Accumulation Worksheet
I really like this workbook. I've saved a copy to Google Sheets, and I've upda269*ted it a little on my side with links to my personal social security estimates (updated once a year from SSA), so the...
View ArticlePersonal Consumer Issues • "22 of the funniest novels since...
No “ A Confederacy of Dunces”, lame list. Must be some righteous writers that all us poor slobs need to get spun up on in order to be hip. And no “Choir boys”? Beyond lame.Statistics: Posted by...
View ArticlePersonal Finance (Not Investing) • Tax ACT HSA questions
What questions are you asking? What answers are you getting?Statistics: Posted by Artful Dodger — Fri Mar 15, 2024 8:42 am — Replies 1 — Views 22
View ArticlePersonal Consumer Issues • Garmin Watches: do you wear it at night? if not,...
I have a Fenix 7, but it has much of the same featuresThe most valuable things that the watch measures, IMO, by wearing the watch overnight is HRV (heart rate variability) - in my experience it has...
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