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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
Tue Mar 24, 2015 8:29 am
 
Forum: Personal Finance (Not Investing)
Topic: My Dads retirement
Replies: 8
Views: 1682

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
Mon Mar 23, 2015 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sell farmland or keep?
Replies: 16
Views: 1389

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 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: "Financial Simplicity: What is Your Time Worth?"
Replies: 27
Views: 3513

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 9:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2945

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 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Staying the course
Replies: 9
Views: 911

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
Fri Mar 20, 2015 10:41 am
 
Forum: Investing - Theory, News & General
Topic: I Bonds - now or later in the year?
Replies: 26
Views: 1850

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 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: How often to rebalance?
Replies: 9
Views: 883

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 9:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: master bath remodel: return on investment?
Replies: 42
Views: 2822

Re: Have You Prepared A Durable Power Of Attorney?

Good reminder. Important document to have in place.
by J295
Wed Mar 18, 2015 9:52 pm
 
Forum: Personal Consumer Issues
Topic: Have You Prepared A Durable Power Of Attorney?
Replies: 19
Views: 1285

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 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you buy a house because of low interest rate?
Replies: 25
Views: 1744

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 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice For a Little Investor
Replies: 18
Views: 1545

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 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 1940

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
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: 716

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 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: when did/would you terminate disability insurance?
Replies: 35
Views: 2664

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 11:59 am
 
Forum: Investing - Help with Personal Investments
Topic: How to plan for early retirement: Healthcare costs
Replies: 53
Views: 6068

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 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 51
Views: 7329

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
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: 6068

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 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Best structure for setting aside 10 years of travel expenses
Replies: 13
Views: 1321

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!
by J295
Sat Mar 14, 2015 11:26 am
 
Forum: Personal Consumer Issues
Topic: Providing hotel options for wedding guests
Replies: 9
Views: 1040

Re: Best 4-6 person tent

Wish I could help. My son and I did scouts for many years, but we were just the grab and buy type guys on these items.

I think my wife would say the best 4-6 person tent (given that there are 5 in our family) is someone else's tent. :happy
by J295
Fri Mar 13, 2015 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best 4-6 person tent
Replies: 20
Views: 1142

Re: At what point is it too much house? How much do we need

First, what an exciting time for OP. We've lived in 3 homes over nearly 33 years of marriage and each one was a great fit and fun adventure. I hope the same for you. Size .... In our experience it wasn't so much the size as the location and layout that made the homes nice fits for us. As a point of ...
by J295
Fri Mar 13, 2015 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: At what point is it too much house? How much do we need?
Replies: 52
Views: 4648

Re: Credit Check to Rent an Apartment?

Credit reports in HCOLA ... yes. Offering six months rent in advance for a two bedroom at $4,000/ month in SF = no guaranty of getting the apartment (in fact, son and roommate made the offer and didn't get the unit). Parental guarantor and parents' financial info required -- depends on status of adu...
by J295
Wed Mar 11, 2015 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Check to Rent an Apartment?
Replies: 23
Views: 1519

Re: College readiness

What a great parent to think about college readiness. We were big on giving them opportunities rather than scripting what we thought might be best. The one that enjoyed athletics as a youth ended up all conference Big XII. The one that liked math as a youth did the math and quiz bowl competitions in...
by J295
Mon Mar 09, 2015 8:17 pm
 
Forum: Personal Consumer Issues
Topic: College readiness
Replies: 27
Views: 1765

Re: LLC or Umbrella insurance?

Depending on the facts involved, you may wish to obtain both.
Remember that an LLC is not 100% bullet proof (google piercing the corporate veil), and an insurance company may deny coverage or cease to exist. These are generally remote risks, but I have seen cases of all three events.
by J295
Tue Mar 03, 2015 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: LLC or Umbrella insurance?
Replies: 8
Views: 587

Re: What if you already have a couple million?

Respectfully, OP does not provide enough information to give a meaningful answer. To my way of thinking an asset allocation considers a number of factors, not just current age and current resources.
by J295
Mon Mar 02, 2015 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6556

Re: SEP-IRA vs Solo 401(k)

We have accounts at both Fidelity and VG.

I choose Fidelity for my solo 401k. I believe Fidelity has superior customer service.
by J295
Mon Mar 02, 2015 9:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 16
Views: 838

Re: Professional tax advice - when is it worth it?

Sounds like you would be well served by getting a CPA involved. In our area, right now the challenge will be finding a quality CPA who will take on a new client. The ones I know and work with are always very busy this time of year serving their existing clients, and generally not eager to take on mo...
by J295
Mon Mar 02, 2015 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 25
Views: 2063

Re: Commiting NEW cash to market

Postby epitomist » Sat Feb 21, 2015 12:52 pm ....With the market however, the S&P 500 Index was at 666 in March of 2009. Here we are less than 6 years later and the market has more than tripled to 2,110. In that time there has been no substantial downturn. It's basically gone straight up - for ...
by J295
Sat Feb 21, 2015 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Commiting NEW cash to market
Replies: 31
Views: 2158

Re: Self-Employment Retirement

If I sell the mutual funds in my taxable account, I have $5847 in long term gain. If I also contribute significantly to a solo 401k for 2015, I should be able to reduce my taxable income enough to not owe long term capital gains taxes on that money, Did I understand your original post to be that yo...
by J295
Sat Feb 21, 2015 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Self-Employment Retirement
Replies: 17
Views: 770

Re: Self-Employment Retirement

I have a solo 401k at Fidelity and have been very pleased with that choice. You can invest in index funds there very cost effectively. See the Boglewiki for the Fidelity three fund portfolio. We have some investments at both Fidelity and Vanguard. Both appear to be fine institutions. In our experien...
by J295
Sat Feb 21, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Self-Employment Retirement
Replies: 17
Views: 770

Re: Expecting a big inheritance - Should it change my life?

OP .. welcome to the forum. I am 55 and do not consider the likely inheritance from my 80+ year old parents in my planning or spending. I do not want my love and actions for them to be in any way impacted by the likely inheritance. On a similar note, when I was a partner in a professional services f...
by J295
Mon Feb 16, 2015 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Expecting a big inheritance - Should it change my life?
Replies: 124
Views: 8218

Free online news

Please share your preferred free online news sources. I get my online sports from the espn and golf channel apps, but haven't landed on a really good source or two for free news and business content. I enjoy the online features of a national newspaper (won't say which one to avoid political commenta...
by J295
Mon Feb 16, 2015 1:32 pm
 
Forum: Personal Consumer Issues
Topic: Free online news
Replies: 22
Views: 1879

Re: Dusting wood floors -- robots and vacuums

Thank you to all responders ..... very helpful.
by J295
Mon Feb 16, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Dusting wood floors -- robots and vacuums
Replies: 19
Views: 1628

Re: Buying As Is Home

I think you have proceeded wisely thus far. You don't know what the seller may be willing to do if you don't ask. It sounds like the issues are things one would expect with a pre-owned home, and if the seller declines to adjust the price or fix then if it were me in this particular situation I'd lik...
by J295
Sun Feb 15, 2015 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Buying As Is Home
Replies: 27
Views: 2133

Re: Make Sense to RollOver 401k

Fyi, when a 401k is rolled over to a rollover IRA the funds may not have the same level of asset protection. Generally, a 401k is bullet proof from creditors. A rollover IRA generally has strong protection against creditors, but depending on the circumstances may not be as strong as a 401k (dependin...
by J295
Sun Feb 15, 2015 8:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Make Sense to RollOver 401k
Replies: 6
Views: 277

Re: Dusting wood floors -- robots and vacuums

dolphinsaremammals » Sat Feb 14, 2015 6:20 am I'd like to find a cordless handheld vac that uses bags. I'd use this primarily near the litter boxes, where litter makes it out of the boxes despite relatively high sides. I'd prefer to just throw out a bag as opposed to hacking and coughing trying to ...
by J295
Sat Feb 14, 2015 9:34 am
 
Forum: Personal Consumer Issues
Topic: Dusting wood floors -- robots and vacuums
Replies: 19
Views: 1628

Re: Social Security as a bond?

For what it is worth, at age 55 I'm aware that if we live long enough we will someday be able to receive benefits, which we treat as a safety net rather than something that impacts our current spending or asset allocation.
by J295
Sat Feb 14, 2015 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Social Security as a bond?
Replies: 47
Views: 3294

Re: Before building your house, what should you haven known/

We have owned three homes ... #1 modest DIY renovation (married, three little kids, assets of two nickels to rub together), #2 new construction per professional custom plans built by experienced builder, #3 MAJOR renovation with architect and designer (we were general contractor). We loved the creat...
by J295
Fri Feb 13, 2015 5:44 pm
 
Forum: Personal Consumer Issues
Topic: Before building your house, what should you haven known/read
Replies: 14
Views: 1257

Dusting wood floors -- robots and vacuums

We have large areas covered by new engineered wood floors. Would appreciate insights on those with experience with robots (one of which is the irobot), and also on a good hand held battery operated vacuum (for the more than occasional mess I make that I can sweep into a pile then vacuum up). I am mo...
by J295
Fri Feb 13, 2015 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Dusting wood floors -- robots and vacuums
Replies: 19
Views: 1628

Re: Fidelity or Vanguard

We have accounts at both. I prefer Fidelity due to better service.
by J295
Thu Feb 05, 2015 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 31
Views: 3018

Re: tipping by iPad

Age 55 .... I find the technology cool. It is very easy to use.

At this stage of our lives we have the resources to go out, and if we do then we enjoy tipping because the young workers likely have a greater need for the funds than we do.
by J295
Sun Feb 01, 2015 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: tipping by iPad
Replies: 40
Views: 3011

Re: Time to jump in?

Are there material tax implications to you "selling everything" now? You ask about getting in now ... aren't you currently invested by the assets you will be transferring? As to your specific question on timing ... most on this forum, myself included, do not advocate market timing. If you ...
by J295
Sat Jan 31, 2015 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to jump in?
Replies: 11
Views: 917

Re: "Retiring in a Low-Return Environment"

Appreciate the Sheepdog wisdom as well.
Phil. 4:12
by J295
Fri Jan 30, 2015 1:05 pm
 
Forum: Investing - Theory, News & General
Topic: "Retiring in a Low-Return Environment"
Replies: 71
Views: 7411

Re: Engineered wood floors?

We had our engineered ash flooring professionally installed over a concrete slab in the context of a complete town home renovation. I can't speak to the DIY for this type of project, but am not surprised by an earlier poster that he eventually turned the job over to a professional. All floors are no...
by J295
Thu Jan 29, 2015 7:27 pm
 
Forum: Personal Consumer Issues
Topic: Engineered wood floors?
Replies: 20
Views: 2323

Re: Downside to eDelivery?

All electronic here.
Fidelity has prior year statements available online so I don't print anything (10 years online as I recall).
If I want to save something I convert to pdf and store in that year's tax folder on my computer.
Less clutter, and I never really look at the statements anyway.
by J295
Sat Jan 24, 2015 1:29 pm
 
Forum: Personal Consumer Issues
Topic: Downside to eDelivery?
Replies: 36
Views: 2221

Re: QuitClaim Deed

Good idea to consult counsel (disclosure, I am a lawyer). Various issues to consider .... Will ownership be joint tenants, tenants in common, or otherwise (depending on your state, perhaps there is tenancy by the entirety or community property rules)? Are there any outstanding judgments or tax liens...
by J295
Sat Jan 24, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: QuitClaim Deed
Replies: 36
Views: 2691

Re: Should I Declare Victory and Pack It In?

I noticed an earlier post about part time work. One poster shared the potential for HSA and IRAs. Also, remember that health insurance premiums you pay for will be deductible (adjusted in you qualify for an insurance premium subsidy), and OP may also wish to consider a solo 401k in lieu of IRA (whic...
by J295
Sat Jan 24, 2015 10:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 17101

Re: Cosign or write loan

lovetogolf » Wed Jan 21, 2015 7:14 pm Thanks for the responses. This is a very tough crowd! More info. They just had a baby ( our first granddaughter) and live in a tough neighborhood in Rochester so I really want them to move. I had considered just buying he house for them outright as we can well ...
by J295
Thu Jan 22, 2015 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cosign or write loan
Replies: 40
Views: 1562

Re: Gotta Be a Bear Market Coming

Indeed. Could start tomorrow, or in 5 years, or in between or later ......
by J295
Thu Jan 22, 2015 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gotta Be a Bear Market Coming
Replies: 64
Views: 7862

Re: Milevsky's got me thinking immediate annuity????

dhodson » Wed Jan 14, 2015 7:48 am
I also wouldn't want to put a ton of money into any one company for 30-40 years.


Agree
by J295
Mon Jan 19, 2015 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Milevsky's got me thinking immediate annuity????
Replies: 28
Views: 2529
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