Search found 376 matches

by J295
Mon Jul 27, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Umbrella Insurance if my Assets < Liability Limits?
Replies: 14
Views: 1292

Re: Do I need Umbrella Insurance if my Assets < Liability Limits?

Respectfully, I don't believe a comparison of assets to liability limits is particularly pertinent to this decision (say you have $400k or assets and liability limits of $500k, and there is a judgment against you for $1.5 million ..... are you ok losing all of your asset and remaining liable for the...
by J295
Sat Jul 25, 2015 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 25
Views: 4563

Re: Can I retire early?

Along with the nuts and bolts of analyzing your financial health you may wish to consider: What will give your lives meaning in "retirement?" (How will you fill your days without work). When deciding the "right time" consider two risks .... one, the risk that you might run out of...
by J295
Wed Jul 22, 2015 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Title Insurance for a new home?
Replies: 21
Views: 1660

Re: Title Insurance for a new home?

If you are not getting a loan and never intend to mortgage the property then, at least in our state, you are no required by law to have title insurance. That was our case, and we did obtain title insurance. We also obtained a survey, which alerted us to an issue that we handled in connection with th...
by J295
Wed Jul 22, 2015 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Does my estate planning attorney need to know net worth?
Replies: 16
Views: 2768

Re: Does my estate planning attorney need to know net worth?

Hello, We are finally getting around to our estate planning with a local attorney who specializes in trusts. He sent us a questionnaire to fill up which asks us about a list of our assets and how much we have in each account. I'm wondering why we need to reveal our net worth? The estate planning in...
by J295
Mon Jul 20, 2015 9:40 am
Forum: Personal Consumer Issues
Topic: Transporting Car 1,800 miles
Replies: 23
Views: 1667

Re: Transporting Car 1,800 miles

barnaclebob » Mon Jul 20, 2015 8:13 am
Have your daughter fly in and she can drive it out?


Thanks barnaclebob, but due to some logistics that's not an option ......
by J295
Mon Jul 20, 2015 8:33 am
Forum: Personal Consumer Issues
Topic: Transporting Car 1,800 miles
Replies: 23
Views: 1667

Transporting Car 1,800 miles

Need to get a Honda Accord from middle America to the east coast for our daughter. Looking for options to consider other than driving it out and flying back home. Hire a transportation company? (Recommendations for vendor?) Find a college student heading there and let them drive it out (saving them ...
by J295
Mon Jul 20, 2015 8:27 am
Forum: Investing - Theory, News & General
Topic: When did you start investing in the Market?
Replies: 60
Views: 3316

Re: When did you start investing in the Market?

1979 as a college junior. Since my youth I was always fascinated with the idea of making money with my brain instead of my back, and investing seemed like one possibility. Barely had two nickels to rub together so I recall my first purchase were Bally Mfg. call options (have matured into index funds...
by J295
Mon Jul 20, 2015 8:24 am
Forum: Personal Consumer Issues
Topic: Recommendations for gas grill
Replies: 63
Views: 4942

Re: Recommendations for gas grill

OP update ... purchased the Weber Spirit E-210 at Home Depot for $399. Fyi, my research was that Weber does not discount the price, so it was $399 at each store I investigated (only exception was Nebraska Furniture Mart, but only during Berkshire days -- which incidentally I can confirm are legit di...
by J295
Sat Jul 18, 2015 2:21 pm
Forum: Personal Consumer Issues
Topic: Recommendations for gas grill
Replies: 63
Views: 4942

Re: Recommendations for gas grill

Many thanks to all who posted. Weber seems like a very solid choice for us. Enjoy the weekend!
by J295
Sat Jul 18, 2015 7:42 am
Forum: Personal Consumer Issues
Topic: Wedding Reception
Replies: 68
Views: 8522

Re: Wedding Receiption

Belatedly, thank you to all who posted. We did decide to include a hosted bar in addition to the hosted signature drinks/wine/beer. Fyi our input was that it was quite common in our area for there to be a cash bar at very nice venues which was not considered to be "tacky".
by J295
Sat Jul 18, 2015 7:35 am
Forum: Personal Consumer Issues
Topic: Analysis Paralysis
Replies: 10
Views: 1256

Re: Analysis Paralysis

Here's what worked for us .... purchase new, maintain, and drive a long time (current fleet is 2003 Honda Accord and 2004 Infiniti G35X, each over 150k miles and driving fine).
by J295
Sat Jul 18, 2015 7:32 am
Forum: Personal Consumer Issues
Topic: Recommendations for gas grill
Replies: 63
Views: 4942

Recommendations for gas grill

Need to purchase a new gas grill (fueled by portable propane tank). Desire reliable easy to use functional unit ... .something like the Honda Accord of gas grills. ... cost is not the driving factor. Will be used year round in the midwest for turkey tenders, fish, burgers, veggies, etc. (yearly high...
by J295
Sat Jul 04, 2015 7:54 pm
Forum: Personal Consumer Issues
Topic: Saving on Golf
Replies: 21
Views: 1521

Re: Saving on Golf

I'm 55 and have played for over 45 years and love the game, and particularly my friendships.

I'm curious about OPs mid and longer term golf objectives and current and desired skill, level as that could impact my suggestions.

Once I have that info I'll chime in.
by J295
Mon Jun 15, 2015 8:13 pm
Forum: Personal Consumer Issues
Topic: Wedding Reception
Replies: 68
Views: 8522

Wedding Reception

Couple in their late 20s is hosting a reception for 250 in a modest cost of living area following a church wedding. The hosts are providing two types of signature mixed drinks, champagne, wine, beer, soda, hors d'oeuvres, dinner/dessert, and DJ. Your thoughts on whether mixed drinks (in addition to ...
by J295
Thu May 07, 2015 1:39 pm
Forum: Investing - Theory, News & General
Topic: Fed Chair Yellen Warns on Stock Valuations
Replies: 22
Views: 4096

Re: Fed Chair Yellen Warns on Stock Valuations

Just curious on where he obtained his crystal ball.
Wasn't it just a year a two ago when 100% of the economist were wrong on their prediction on interest rates?
by J295
Thu May 07, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do Updates to Home Increase Market Value?
Replies: 32
Views: 2624

Re: Do Updates to Home Increase Market Value?

OP -- When we recently sold and bought without an agent we were quite comfortable looking at comparable sales/listings and arriving at value. What is your opinion of your value? None of us can of course reasonably comment on the agent's valuation, as we simply don't have sufficient information. Perh...
by J295
Mon Apr 27, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: family cabin planning through generations
Replies: 16
Views: 2401

Re: family cabin planning through generations

One owner is best for the reasons stated and some other additional reasons. I am not a fan of joint titles between parents and adult children. Consider the ramifications of OP and sibling becoming joint owners along with parents .... and then OP or sibling have financial and/or marital problems. All...
by J295
Mon Apr 27, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: Who's holding cash?
Replies: 86
Views: 7063

Re: Who's holding cash?

We hold "cash" as part of our non-stock allocation regardless of market conditions, for a variety of reasons. That allocation to "cash" is not impacted by stock market prices. If you want to allocate more to cash due to your perception of the stock market's near term prospects th...
by J295
Mon Apr 27, 2015 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I made a mistake with buying a house: appreciation
Replies: 43
Views: 5362

Re: Feel like I made a mistake with buying a house: apprecia

Or should I continue my course of path, which has been highly successful for me so far?


"If it ain't broke don't fix it."
by J295
Sat Apr 25, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to Second Act Career Switch
Replies: 22
Views: 2488

Re: Approach to Second Act Career Switch

I transitioned to part-time at age 53, and 2.5 years later I continue to be very pleased with the decision. One thing I knew and accepted long before I transitioned was that if I worked less I would make less. If you are looking to replicate the financial arrangement you have at this job (that is ap...
by J295
Sat Apr 25, 2015 1:38 pm
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 62
Views: 5593

Re: Who follows Age in Bonds

I am 55 and have 50% equities and 5% alternatives. The rest is combination of "fixed" which for us are taxable bond funds, non-taxable bonds, savings (Amx), floating rate fund, etc. So, roughly, age in "bonds" minus 10
by J295
Sun Apr 19, 2015 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 6260

Re: Stocks are on sale, should I buy?

Single day market move in my world in not relevant or actionable.
by J295
Sun Apr 19, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Using Zillow/Zestimate to value a home?
Replies: 43
Views: 5184

Re: Using Zillow/Zestimate to value a home?

In our area Zillow and tax assessed value are of nominal value in determining appropriate buy/sale prices. Recent comparable sales with adjustments for differing property features is my preferred indicator.
by J295
Sun Apr 19, 2015 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6588

Re: My job says I can't work for anyone else...

Note: I am a lawyer. OP -- Get advice from a good lawyer. This isn't a DIY project. I found this post to raise an interesting point: Leonard, you are spot on. I will never sign another an unreasonable non-compete and don't live under that ugly shadow now, thank goodness. Note that under appropriate ...
by J295
Thu Apr 16, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 7206

Re: Talking to People About Retirement

I have found low key is best (transitioned to very part time at age 53, and many people think I retired).

Reminds me of the story about club members who found out you shot your record score .... half don't care and the other half wish you would have shot worse ..... people can be funny sometimes.
by J295
Sun Apr 12, 2015 7:06 am
Forum: Personal Finance (Not Investing)
Topic: When to Retire?
Replies: 35
Views: 3574

Re: When to Retire?

As stated earlier, the financial aspects are only one part of this decision. In our case, we spent 5 years discussing and then implementing the decision for me to go part-time at age 53. We love our current situation. One author I read said to ask these three questions when analyzing when to retire ...
by J295
Fri Apr 10, 2015 6:13 am
Forum: Personal Consumer Issues
Topic: Kitchen upgrade - granite selection help
Replies: 52
Views: 4998

Re: Kitchen upgrade - granite selection help

You may wish to post this question on Houzz. Colors of course are very important. I'm terrible with colors but my wife is outstanding. Typically she would choose all the colors for our upgrades, but when we purchased our current home and did a complete renovation we hired a designer so that my wife ...
by J295
Fri Apr 10, 2015 4:57 am
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 8427

Re: Hypothetical End Game Scenario w/ 5M retirement account

Well this is about me and my inner struggles. Good for you, and I mean that very sincerely. I perceive that many people rarely identify and grapple with interior angst and instead plow forward to encounter one distraction after another. My experience is that those who can invest the time and energy...
by J295
Fri Apr 10, 2015 4:04 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Premium Deduction and Credit
Replies: 2
Views: 381

Health Insurance Premium Deduction and Credit

In 2014 I paid 13 health insurance premiums -- one each month for 2014 coverage and one in December for coverage starting January 2015 (switched insurance companies and so paid in December to assure no gap in coverage). This is ACA coverage through the Exchange. I am self employed. 1. For the self e...
by J295
Fri Apr 10, 2015 3:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I renege [on a] job offer?
Replies: 48
Views: 4936

Re: Should I renege [on a] job offer?

I would honor my commitment absent extraordinary circumstances, which don't exist here.
by J295
Tue Mar 24, 2015 8:29 am
Forum: Personal Finance (Not Investing)
Topic: My Dads retirement
Replies: 8
Views: 1855

Re: My Dads retirement

Grt2bOutdoors » Tue Mar 24, 2015 6:55 am Hello and welcome to the forum! I agree - most financial planners are really financial advisors aka financial sales people who are out to skim your retirement to line their pockets, not yours. While I don't use a financial planner I know many planners and ha...
by J295
Mon Mar 23, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Sell farmland or keep?
Replies: 20
Views: 2632

Re: Sell farmland or keep?

If you had been given the cash and someone came along the next day and offered you this farm instead of the cash, it sounds like you'd keep the cash.
Why add an asset that you find a bit of a hassle and have no attachment to keep?
Sell.
by J295
Fri Mar 20, 2015 9:25 pm
Forum: Investing - Theory, News & General
Topic: "Financial Simplicity: What is Your Time Worth?"
Replies: 27
Views: 4051

Re: "Financial Simplicity: What is Your Time Worth?"

For many ... simplicity promotes freedom .... freedom promotes awareness and gratitude ... awareness and gratitude promote being more loving
by J295
Fri Mar 20, 2015 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 3784

Re: Doctor's office requires credit card on file

I'm not too surprised that there is some hostility here to a business asking for a credit card. My observation is that some on this forum tend to think everything provided by a professional is fungible and should be at a low cost just like an index fund. That's not my view of the world. I am not con...
by J295
Fri Mar 20, 2015 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Staying the course
Replies: 9
Views: 1027

Re: Staying the course

If it helps you .... Now I'm mostly retired at age 55. I've been invested since 1979 and during that time seen some pretty rough patches and, before putting an IPS in place, sometimes acted out of fear or greed and in retrospect made some investment decisions that cost me $$$. Having those experienc...
by J295
Fri Mar 20, 2015 10:41 am
Forum: Investing - Theory, News & General
Topic: I Bonds - now or later in the year?
Replies: 44
Views: 5581

Re: IBonds - now or later in the year?

My suggestion is to purchase on a regular schedule and refrain from guessing on the "best time."
by J295
Wed Mar 18, 2015 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: How often to rebalance?
Replies: 9
Views: 986

Re: How often to rebalance?

we check allocations quarterly and re-balance if the equity percentage is off by 5% or more.
by J295
Wed Mar 18, 2015 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: master bath remodel: return on investment?
Replies: 42
Views: 3346

Re: master bath remodel: return on investment?

OP: When you do decide to sell, will the existing bathroom hinder those efforts?
by J295
Wed Mar 18, 2015 9:52 pm
Forum: Personal Consumer Issues
Topic: Have You Prepared A Durable Power Of Attorney?
Replies: 24
Views: 2113

Re: Have You Prepared A Durable Power Of Attorney?

Good reminder. Important document to have in place.
by J295
Mon Mar 16, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Did you buy a house because of low interest rate?
Replies: 25
Views: 2184

Re: Did you buy a house because of low interest rate?

Needed more space in 1992.
12% loan was good then.
Built the house.
Paid off the loan in 10-15 years.
Kids gone and too much house so we moved a year ago.
by J295
Mon Mar 16, 2015 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice For a Little Investor
Replies: 18
Views: 1737

Re: Advice For a Little Investor

It feels like a very tough decision, not helped because I tend to obsess.


Scarp -- Good job. You didn't let perfect get in the way of a good action plan. Thought you might enjoy this .... http://en.wikipedia.org/wiki/Perfect_is ... my_of_good
by J295
Mon Mar 16, 2015 4:09 pm
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 2205

Re: Advice on guiding an hour discussion with military

My wife and I give talks each semester to students at the local university on financial matters. Intentionally it is very interactive. The alternative would be, well, a very boring lecture. We learned how to present from our professor friend who has received numerous teaching awards and every former...
by J295
Mon Mar 16, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a New Business with a Partner - Setup Questions
Replies: 11
Views: 850

Re: Starting a New Business with a Partner - Setup Questions

Stake -- Need more information about the business (product, service, etc.), assets, time commitments, capital needs, value/contributions of each participant, etc. to determine what may be appropriate. Entity -- Most likely an LLC will be fine. Other -- For something like this I would only go into bu...
by J295
Sun Mar 15, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: when did/would you terminate disability insurance?
Replies: 35
Views: 3083

Re: when did/would you terminate disability insurance?

I kept disability insurance in place until I went to part time at age 53. It was a strong policy that provided coverage if I couldn't do my chosen profession. I would certainly not have wanted to have my family caring for me (if disabled) and not having my income stream. I never used it and don't ha...
by J295
Sun Mar 15, 2015 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How to plan for early retirement: Healthcare costs
Replies: 53
Views: 7123

Re: How to plan for early retirement: Healthcare costs

As a reminder, the subsidies are now at issue in states without an exchange per the pending US Supreme Court case. Not just because of this case, but for a number of reasons, I expect health care and health care costs to be a moving target for the foreseeable future. This isn't necessarily "goo...
by J295
Sun Mar 15, 2015 8:26 am
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 13188

Re: If I Knew Then What I Know Now

Good information. Next time you use this you may consider altering the personal choices heading to frame these in terms of financial impacts rather than suggestions. Personally, I'm not comfortable suggesting to someone that they "have a moderate number of children" or decline to live in a...
by J295
Sun Mar 15, 2015 8:06 am
Forum: Investing - Help with Personal Investments
Topic: How to plan for early retirement: Healthcare costs
Replies: 53
Views: 7123

Re: How to plan for early retirement: Healthcare costs

I went to part time at age 53 two years ago, and my spouse does not work outside of our home. A few observations. We planned for about 5 years before making the decision to transition away from full time. Financial was only one aspect of the decision. Another was what would be our life orientation t...
by J295
Sat Mar 14, 2015 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Best structure for setting aside 10 years of travel expenses
Replies: 13
Views: 1517

Re: Best structure for setting aside 10 years of travel expe

We wouldn't bucket these costs. Instead, we'd know they are projected to occur and we'd just take them out each year as we do all our other expenses. The nature of the expense does not alter our asset allocation (we are a 55 year mostly retired couple).
by J295
Sat Mar 14, 2015 11:26 am
Forum: Personal Consumer Issues
Topic: Providing hotel options for wedding guests
Replies: 9
Views: 1181

Providing hotel options for wedding guests

We want to provide our wedding guests with hotel options (wedding in August).

Any suggestions for the process we should use in working with the hotels to obtain competitive prices for the rooms? Should we seek to obtain more than one option for our guests? Other thoughts?

Thanks!

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