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Re: Wisdom: When to drop disability insurance?

Mine was $790/yr, level; got it at age 36. Retired at 61 and dropped the policy after the age 62 premium was paid and feel I was a bit lazy about doing it. Doubt there is benefit to keeping such a policy once you've retired. If my premium was $6k/yr, I'd have dropped it as soon as I was sure I had e...
by BolderBoy
Tue Nov 25, 2014 12:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Wisdom: When to drop disability insurance?
Replies: 10
Views: 726

Re: Bumped out of first class at boarding - compensation?

- I purchased the first class seats over 11 months ago through United Airlines web site using United frequent flyer miles (80,000 miles total for two "saver" first-class one-way awards). Ah, so you were "non-revenue" passengers. There are rules about that on the FF program site ...
by BolderBoy
Mon Nov 24, 2014 1:40 am
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 41
Views: 3937

Re: Debt vs Taxes

(Incidentally, accountant wants me to hire my wife to manage quickbooks, pay her 17.5K / yr and have her place it all in her own 401k as well - seems a bit shady, but he claims this is common practice. Thoughts?) Not shady practice. Many solo practitioners do that. Obviously she needs to do the wor...
by BolderBoy
Mon Nov 24, 2014 1:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Debt vs Taxes
Replies: 8
Views: 1136

Re: Taxes and Business Checking Account for Blog

You may be overthinking the TIN vs EIN thing. Do you intend at some point to open a solo 401k for this business (even as a sole proprietor)? If so, apply for an EIN now (online, you'll get it immediately) because you'll need it for the 401k and then you'll have it for the "business".
by BolderBoy
Mon Nov 24, 2014 1:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes and Business Checking Account for Blog
Replies: 7
Views: 636

Re: Porfolio review, consolidation needed

LittleGreenSoldiers wrote:Desired Asset allocation: 80% stocks / 20% bonds
Desired International allocation: 10% of stocks

I like the International portion, but think the 80/20 AA is pretty stiff for folks your age.
by BolderBoy
Mon Nov 24, 2014 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Porfolio review, consolidation needed
Replies: 15
Views: 971

Re: Retirement around the corner, seeking advice on getting

What does the firecalc.com site tell you? I relied on that to help me decide to pull the plug and have no regrets.
by BolderBoy
Sun Nov 23, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement around the corner, seeking advice on getting hous
Replies: 21
Views: 1851

Re: One person LLC, Solo 401k, 1 Employee - Question

nkaufman wrote:Can a one person LLC create a solo 401k plan if the LLC has one employee? If so, what is the process and what things one should look out for

Are the owner of the LLC and employee married to each other? Solo 401k plans are limited to one person and his/her spouse, I think.
by BolderBoy
Sun Nov 23, 2014 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: One person LLC, Solo 401k, 1 Employee - Question
Replies: 25
Views: 708

Re: Healthcare FSA - expecting, due in July

Okay, so estimate now how much you'll need to set aside to avoid the problem you're talking about. Then add more after the birth. My point is that in this situation, you can be conservative now and still not lose anything in the end. +1. IMO this is the best way to approach it. Most deliveries are ...
by BolderBoy
Sat Nov 22, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Healthcare FSA - expecting, due in July
Replies: 17
Views: 1232

Re: Seeking a Cellphone Change

Page Plus, Verizon infrastructure (but you never have to talk with Verizon), 1/2 the price.
by BolderBoy
Sat Nov 22, 2014 3:00 pm
 
Forum: Personal Consumer Issues
Topic: Seeking a Cellphone Change
Replies: 16
Views: 1529

Re: How should wife counter salary offer within current co.?

Any way to find out what people in comparable positions in the company are making? No, she said that is not possible. If they won't budge on $$$ will they budge on other things? Perhaps changing to a 4 day week, say with Wednesdays off? A selling point on this would be that the workerbees are there...
by BolderBoy
Sat Nov 22, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 58
Views: 4893

Re: Please provide feedback on my current asset allocation

[*]What are your opinions on this portfolio? When I turn 50, I plan to have my taxable account be 40/60 % stocks and bond, respectively. Looks pretty good to me. If taxable is going to be 40/60, what is tax-deferred going to be? I'm in the process of reducing my taxable from 40/60 to almost all bon...
by BolderBoy
Sat Nov 22, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please provide feedback on my current asset allocation
Replies: 11
Views: 779

Re: Young Investor Welcoming Any Advice

Brokerage: ITOT: iShares Total US Stock Market- 75% IXUS: iShares Total International Stock- 25% This one, I guess. Since you are reading Benjamin Graham, you'll see that he recommends a certain minimum bond allocation, but it is truly up to you. Just make sure you go with Index funds if possible. ...
by BolderBoy
Thu Nov 20, 2014 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 953

Re: Healthcare FSA - expecting, due in July

Okay, so estimate now how much you'll need to set aside to avoid the problem you're talking about. Then add more after the birth. My point is that in this situation, you can be conservative now and still not lose anything in the end. +1. IMO this is the best way to approach it. Most deliveries are ...
by BolderBoy
Wed Nov 19, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Healthcare FSA - expecting, due in July
Replies: 17
Views: 1232

Re: What financial tools/software do you use?

I don't use any specialized software; so far, Excel was good enough. But I have to plan Roth conversions in the next few years and run what-if scenarios. I am thinking of buying ESPlanner but open to other suggestions. Easy to do with Excel once you set up Excel to do your quarterly estimated tax s...
by BolderBoy
Wed Nov 19, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: What financial tools/software do you use?
Replies: 35
Views: 2219

Re: Fund and portfolio comparison tools

I don't know of anything that covers all that in one place.

VG's own website has a nice, side-by-side comparison ability. Morningstar's website can do some of what you want. Firecalc can show you the forecast outcomes of portfolio arrangements and spending patterns.
by BolderBoy
Wed Nov 19, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: Fund and portfolio comparison tools
Replies: 2
Views: 404

Re: Over my head setting up Backdoor Roth

Sounds like you are doing okay, just wait out the 7 days and make the transfer. It won't generate much interest in 7 days. You do understand that the heart of a "backdoor Roth" is that you start with -0- in a tIRA (in ANY tIRA or SEP-IRA), make the contribution on Day 1 and the convert 100...
by BolderBoy
Wed Nov 19, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Over my head setting up Backdoor Roth
Replies: 5
Views: 950

Re: Buying a lasting vehicle

I'd buy new if you can swing it. Then MAINTAIN the vehicle properly. And drive it properly (no jackrabbit starts, anticipate stopping, etc). If it doesn't come with synthetic oil on-board already, switch to that at your first oil change and going forward. Extend your oil changes to the maximum the m...
by BolderBoy
Tue Nov 18, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4212

Re: Paid off our Mortgage this evening!

runner9 wrote:I’ll also check the county recorder site in 2 months and make sure the mortgage is released.

You are to be highly congratulated. Having no mortgage is very freeing. In my experience, the county recorder will mail you the document showing the mortgage has been released - store it safely.
by BolderBoy
Tue Nov 18, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 7529

Re: First Post - Advice For Current Situation Appreciated!

1. I have been with Edward Jones for less than a year, the JAENX fund was rolled over to Edward Jones from an etrade roth ira, and the MCAGX fund is what my adviser has had me contributing to so far this year. Would it be best to immediately stop contributing to this account, and open an IRA with V...
by BolderBoy
Mon Nov 17, 2014 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Post - Advice For Current Situation Appreciated!
Replies: 3
Views: 704

Re: Solo-401k, tax questions

I'm working as an independent contractor physician in addition to my W2 job. I'm having trouble figuring out how much I can contribute to my Solo-401k and how much additional self-employment tax I owe. Can anyone help? W2 Job: $300,000 in wages, thus max out Social Security tax bill 1099 Job: $73,0...
by BolderBoy
Mon Nov 17, 2014 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Solo-401k, tax questions
Replies: 5
Views: 681

Re: Emergency and earmarked funds - investing ideas

1. Would it be unreasonable to throw it all into the LifeStrategy Income Fund (VASIX)? I was considering putting it all into Intermediate-Term Tax Exempt (VWITX). But I think that VASIX, with 20% stock, adds a bit of diversification and reduces risk from 100% bonds in VWITX. Ummm, in general stocks...
by BolderBoy
Mon Nov 17, 2014 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency and earmarked funds - investing ideas
Replies: 8
Views: 959

Re: What to do with equity on sale of home

But I'm not sure how to invest/save the cash that I will need until I turn 59 1/2. Any ideas? I asked a similar question here several months back. Wisdom offered was to probably NOT put any of it in equities, but putting it into bonds (in my case tax-exempt bonds is what I decided) was better - les...
by BolderBoy
Mon Nov 17, 2014 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with equity on sale of home
Replies: 2
Views: 419

Re: Question about Tax Deferred / Taxable Acct Allocations

Would I be better off shifting more bond investments to the taxable account and more stock investments to the tax deferred account? Usually the other way around. Put your least tax efficient investments into the tax deferred account. That would usually be bonds or whatever throws off income taxed a...
by BolderBoy
Mon Nov 17, 2014 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Tax Deferred / Taxable Acct Allocations
Replies: 2
Views: 282

Re: Self Employed Retirement options

I'm self employed and all I have right now is a roth ira and a brokerage account. I'm wanting to start putting money in a tax deferred account, but don't know which option is best. I am not incorporated so it's just me. I have always been told that SEP IRA is probably the best option, but I wanted ...
by BolderBoy
Mon Nov 17, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Self Employed Retirement options
Replies: 9
Views: 875

Re: Practice of Vendors Rounding Up

This is theft, plain and simple. If they are doing this on a grand scale, it is grand theft and your state AG will want to pursue it as such.
by BolderBoy
Mon Nov 17, 2014 1:54 pm
 
Forum: Personal Consumer Issues
Topic: Practice of Vendors Rounding Up [to distribute to charities]
Replies: 7
Views: 709

Re: Lump sum or pension annuity

Help with investing-retirement. Will be retiring in 2-3 yrs with about 1200,000. in 401k and 400,000 in company pension.Our intention is to use a 3% withdrawl from our 401K,social security and a small amount from rental income.Our goal is to preserve as much of our principal as possible.My question...
by BolderBoy
Mon Nov 17, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum or pension annuity
Replies: 2
Views: 375

Re: Basic investment question

Frank79 wrote:What is the best way to begin 'non-retirement' investing?

You truly want easy? Open a Vanguard mutual fund account and buy the Total Stock Market Index fund and a tax-exempt bond fund. Contribute to them regularly as you do your retirement accounts.

... and go to the wiki and READ.
by BolderBoy
Mon Nov 17, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Basic investment question
Replies: 17
Views: 1395

Re: portfolio allocation

Your portfolio and investing ideas are way beyond me. Might you consider simplifying? Search this site for "three fund portfolio". With your assets now, a simplified portfolio managed yourself, can easily carry you into your golden years.
by BolderBoy
Sun Nov 16, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio allocation
Replies: 8
Views: 998

Re: Investing in Chocolate? New to all of this.. need help.

If you could, and I would appreciate it, poke some holes in my chocolate investing idea, and then if possible, "teach a man to fish". What did you do to feel like you were in a good position to understand and take control of your financial life? I discovered this forum, studied it thoroug...
by BolderBoy
Sun Nov 16, 2014 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Chocolate? New to all of this.. need help.
Replies: 23
Views: 2410

Re: CA int municipal bond fund vs. Vanguard int muni fund

This does not get discussed much, but I understand that some states have reciprocity with other states on tax-exempt bonds. Meaning you could live in State A but get tax benefits by holidng State B's muni bonds. If this is true (an I'm not positive it is), maybe finding "State B" in your ...
by BolderBoy
Sun Nov 16, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: CA int municipal bond fund vs. Vanguard int muni fund
Replies: 32
Views: 2196

Re: Want to add bonds to taxable account.

rai wrote:VG intermediate tax exempt

I would do this. As a matter of fact, I am doing this...
by BolderBoy
Sun Nov 16, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Want to add bonds to taxable account.
Replies: 25
Views: 1016

Re: "Downgrading" to a Porsche

If you can meet your long term goals handily and abide the costs-of-ownership for a car you'll be driving relatively little, I'd say go ahead.
by BolderBoy
Fri Nov 14, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6204

Re: Newb needs advice on retirement planning *Detail Update*

You have some more data to gather. Will there be any pensions? Have you obtained a recent Social Security Account statement? You can go to the ssa.gov website, register for account access and generate a statement. You'll need that for retirement planning purposes. Collect up your budgetary expense i...
by BolderBoy
Fri Nov 14, 2014 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newb needs advice on retirement planning *Detail Update*
Replies: 7
Views: 801

Re: White list +CAPTCHA type solutions for land-lines?

If you have high speed internet, have you considered a VoIP "landline" instead? I switched to one in 2006 and have never looked back. Can manage what calls get through in a variety of ways on my login page console. My phone now goes days or weeks never ringing. Never get political calls du...
by BolderBoy
Fri Nov 14, 2014 9:32 pm
 
Forum: Personal Consumer Issues
Topic: White list +CAPTCHA type solutions for land-lines?
Replies: 6
Views: 463

Re: Landlord wants us to sign an entirely new contract!

The goodwill you will create with your new landlord, by doing the correct, house contract with him, will far outweigh the damage you can do if you try to make an issue of it and hold him to the apartment contract.
by BolderBoy
Fri Nov 14, 2014 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlord wants us to sign an entirely new contract!
Replies: 51
Views: 5829

Re: 10y - Plan Review

Ignatious P. Daily wrote:any opinions on the insurance coverage question?

You need at least a $1m policy for your wife as well. More if you can get it.
by BolderBoy
Fri Nov 14, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 10y - Plan Review
Replies: 17
Views: 1142

Re: AA: Which BONDS funds to buy?

Please post your question in this format, so we know more about your situation.

<http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212>
by BolderBoy
Fri Nov 14, 2014 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA: Which BONDS funds to buy?
Replies: 22
Views: 3891

Re: Mortgage as a savings vehicle

What sort of problems might we face with this approach, I am specifically concerned about liquidity. Since selling is all about location, location, location... is your condo in a hot area and can be sold quickly for what you want, even 5 years from now? If it isn't and liquidity is your highest con...
by BolderBoy
Fri Nov 14, 2014 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage as a savings vehicle
Replies: 18
Views: 1815

Re: Need help for spending hard-earned money wisely

Sounds like you know what to do. Take care of YOU/son first. You have staggering student loan debt and should be targeting that immediately after maxing out your retirement plans. Supplementing your parent's expenses ought to come further down the line along the lines of gift giving. You have an exc...
by BolderBoy
Fri Nov 14, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help for spending hard-earned money wisely
Replies: 18
Views: 2384

Re: David Stockman interview

I came across this interview with David Stockman and it gave me pause, as he feels the Fed has created a huge market bubble, with dire future consequences. What do you think of the points he makes? I think we should lament the loss of yet another owl which he has sacrificed in order to read its ent...
by BolderBoy
Fri Nov 14, 2014 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: David Stockman interview
Replies: 7
Views: 1016

Re: Isn't everybody here market timing, by definition?

If you expect a return on your investment over a 40 year period, why can't someone expect a return on their investment over a 1 year period? You can and I most certainly do. I expect a return over a one-day period (when the market is open for business) as the smallest unit of time I'm observing. It...
by BolderBoy
Fri Nov 14, 2014 5:14 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't everybody here market timing, by definition?
Replies: 32
Views: 1902

Re: Save now.... Or later?

Choice #1: I can live on my pension and a monthly draw on my already text savings. This will keep my MAGI at about $30K, resulting in a nearly $700/mo. discount/rebate on my ACA health insurance (almost $8K in 2015). This one. If nothing serious upsets your plan, this should provide the best stretc...
by BolderBoy
Wed Nov 12, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Save now.... Or later?
Replies: 11
Views: 1847

Re: Few questions before investing(that I couldn't find answ

I am saving enough for my retirement, no problems there, honestly. Besides, with the dollar-my-country-conversion as high as it is now, I can retire like a king with the amount in my 401k right now. So I am not as hedonistic as you think. I just didn't realize the only purpose of investment was for...
by BolderBoy
Mon Nov 10, 2014 7:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Few questions before investing(that I couldn't find answers)
Replies: 16
Views: 1714

Re: Few questions before investing(that I couldn't find answ

Besides, I won't be living permanently in the US. The country I am from, retirement is different, you have people to help you. Retirement isn't something I need to be paranoid about in my country. Heck, my dad and my father in law is retired, and I am more than happy supporting them. Things work di...
by BolderBoy
Mon Nov 10, 2014 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Few questions before investing(that I couldn't find answers)
Replies: 16
Views: 1714

Re: Gathering thoughts vs. Market Timing

mikeny17 wrote:Thank you, I cancelled the hasty transactions I did this morning.

You aren't busy enough - too much time to look at your portfolio. Take a second job.

(PS - it worked for me)
by BolderBoy
Mon Nov 10, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 2913

Re: Approach to student debt advice

Looks like your wife is risk averse by nature, and needs to have the $100,000 she brought to the marriage due to "amazing savings skills" in her 20's (yep - that is amazing) in a place she considers safe and secure. I would honor that. Not only because it may be a fundamental need she has...
by BolderBoy
Mon Nov 10, 2014 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Approach to student debt advice
Replies: 32
Views: 3628

Re: Should I shelter all my income?

I agree with curmudgeon. You will need a spreadsheet to help you decide and what your marginal tax rate is in retirement will be critical to deciding what to do now. If you are presently in the 15% bracket and defer taxable income into the future when you might be in the 25% bracket with little abil...
by BolderBoy
Mon Nov 10, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I shelter all my income?
Replies: 3
Views: 672

Re: Gathering thoughts vs. Market Timing

1) I don't think bonds will fare very well now that QE is ending, in the short term at least What is the purpose of bonds in an investment portfolio? The implication of your statement #1 is that you want them to provide growth akin to stocks ("when stocks go down, bonds go up"). You want ...
by BolderBoy
Mon Nov 10, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 2913

Re: Talk me into/out of Tax Lost Harvesting

I have read the wiki as well as lots of posts here about TLH and quizzed Livesoft several times. However, I am still not convinced it is the best thing to do. The thought of selling something that has gone down in value is very antithetical to my mindset but I know that I am often not right about t...
by BolderBoy
Mon Nov 10, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Talk me into/out of Tax Lost Harvesting
Replies: 14
Views: 895

Re: Advice please [Received large commission check]

Michael_Fisher1 wrote:perhaps but isnt it a good strategy to invest at large dips

Sure. Can you tell us when that next one is coming? How will you know the bottom when you see it?

The research boys have shown that over the long term, if you were in the market more than out of it, you win.
by BolderBoy
Fri Nov 07, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice please [Received large commission check]
Replies: 20
Views: 1859
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