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Re: What amount of Earnest Money - New Pulte Home

Not sure if this should matter to the builder and I still need to read the contract to see what conditions result in a forfeit of the earnest money. I think you will be best served by knowing the contractual conditions regarding the earnest money. If there is no real risk to your deposit why concer...
by J295
Sun Jul 27, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: What amount of Earnest Money - New Pulte Home
Replies: 35
Views: 1870

Re: Tips for incorpating a charity

I am a lawyer and have been involved with many great causes but not as their legal counsel. I can offer some general observations for you to consider in light of your questions. Choice for state of incorporation may be dependent on the charitable activities. Find a good accountant, lawyer, and insur...
by J295
Sun Jul 27, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tips for incorpating a charity
Replies: 10
Views: 502

Re: Selling House - Do We Need a Listing Broker?

Do you need a listing broker? I hope to be helpful, but it's very situational. Sort of like asking, do I need a lawyer, or an accountant, or a plumber, etc.? It depends ..... As a point of reference, we have bought and sold two homes, and built another. None involved a real estate agent, but in each...
by J295
Sun Jul 27, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2645

Re: Obtaining Legal Counsel?

J295 wrote:...and typically high law school class ranking (top 10%). I'm a lawyer also. How in the world are you ever going to find this out?? Gill In our area, law review invitations are extended to the top 10% of the class. Also, graduation with distinction, order of the coif, summa cum laude, al...
by J295
Fri Jul 25, 2014 7:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining Legal Counsel?
Replies: 51
Views: 3113

Re: Lawyer Up? Advice Needed

I am a lawyer, and in my work I and my clients sometimes need to hire other lawyers, accountants, brokers, etc. I have engaged other professionals as well for personal reasons, such as doctors, architects, tradespeople, etc. I almost always rely on personal referrals from trusted friends or acquaint...
by J295
Thu Jul 24, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining Legal Counsel?
Replies: 51
Views: 3113

Re: What's Golf Course Frontage Worth - Indianapolis

We have a town home on a cul-de-sac in a Pete Dye designed golf course on the "edge of town." It's an old real estate saying, but when it comes to golf course homes I think it is particularly true. It's all about location, location, location. For example, I wouldn't want to live 200-250 ya...
by J295
Wed Jul 23, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's Golf Course Frontage Worth - Indianapolis
Replies: 19
Views: 1216

Re: Can I retire early?

As long as you don't lose that number


Nice!

Credit livesoft and Steely Dan

https://www.youtube.com/watch?v=p5h3HFVpTl8
by J295
Sun Jul 20, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 3921

Re: Should I use margin to buy a balanced fund?

Personally, we sleep better with no debt. Thus, after our home mortgage was paid off in our 30s we have chosen not to incur debt.
So, we would not borrow to buy a balanced or any other fund.
by J295
Sun Jul 20, 2014 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 191
Views: 10137

Re: Can I retire early?

Questions: 1. Does my strategy with fixed income "allow" me to continue a higher risk asset allocation? Should I extend the ladder as each matures (my tax bracket will fall in retirement)? Or should I "glide" now to 60/40? My feeling is that I will have a 35 year retirement and ...
by J295
Sun Jul 20, 2014 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 3921

Re: Help with setting up Fidelity solo-401k

I set one up last year. I called the reps with any questions and they were very helpful. As for needing an EIN, I see that part on the form, but know that I didn't have to get a separate EIN (I am self employed and don't have a separate EIN). I can't recall exactly what I did on this part of the for...
by J295
Fri Jul 18, 2014 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 794

Re: How many Bogleheads golf?

Usually have to wait for playing partners who are driving carts. That reminded me ..... a few years ago my main playing partner and I (both single digit handicaps) decided to play most of the season exceptionally fast ..... we had the first tee time, and one time were told to slow down because we w...
by J295
Thu Jul 03, 2014 10:51 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4318

Re: Should I go back?

For us, in making such a choice the quality of life (including especially marriage/family) would far outweigh the financial considerations you have presented.
by J295
Wed Jul 02, 2014 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I go back?
Replies: 32
Views: 3153

Re: How many Bogleheads golf?

I'm 54 and have played golf for about 45 years. I enjoy the game and the people. Now that I'm part time I am able to play a couple of times a week and practice a couple of days a week. The past 20 years I played principally at a golf club, where we recently purchased a town home. Outside of the golf...
by J295
Sat Jun 28, 2014 6:27 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4318

Re: Bad paint job - Course of action help pls

I'm certainly no ceiling expert, but I'm curious as to whether your ceiling was properly prepared to be primed and painted. Spackle does not sound appropriate. I am thinking the ceiling should have had professional drywall work (would they have recommended tape and mud in areas, or an entire skim co...
by J295
Sat Jun 28, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Bad paint job - Course of action help pls
Replies: 28
Views: 2550

Re: I cannot make the jump and retire

I spent three years working through my professional transition from full time to part time so that my partners and clients would be well served. That time, and the 1.5 years that I have been part time have allowed an evolutionary process that has worked very well for my wife and I. In terms of pulli...
by J295
Sat Jun 14, 2014 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: I cannot make the jump and retire
Replies: 73
Views: 8086

Re: car repair ordeal

Get some facts first. Ask them about it then determine how you wish to respond.
by J295
Wed Jun 11, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: car repair ordeal
Replies: 21
Views: 2683

Re: Should I move from Fidelity to Vanguard?

We have accounts at both. Fidelity's service and website, in our experience, is clearly superior.
by J295
Wed Jun 11, 2014 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I move from Fidelity to Vanguard?
Replies: 44
Views: 3586

Re: The 2 comma paradox

Philippians 4:12
Walden (Thoreau)
by J295
Sun Jun 08, 2014 7:52 am
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14370

Re: How To Encourage A Young (Sensitive) Child In Sports

So you can filter my observations, I think there are some benefits to sports in term of socialization, physical fitness, work ethic, and teamwork, but there are a fair number of downsides too, including crazy parent and coach behaviors and expectations. My advice is pretty basic, which I'm sure OP a...
by J295
Sun Jun 08, 2014 7:43 am
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5468

Anyone else want to share a "great vendor" experience

We are coordinating subs for a substantial renovation ($100k +). There was some modest insulation work necessary, so I called out an insulator. The estimator was with us about 10 minutes at the property and told me that we looked like the do it yourself types (we are reasonably handy) and that if th...
by J295
Sat Jun 07, 2014 12:05 am
 
Forum: Personal Consumer Issues
Topic: Anyone else want to share a "great vendor" experience
Replies: 4
Views: 674

Re: Changed asset allocation from 60/40 to 50/50 today

50/50 seems reasonable, and fantastic for you that you have financial freedom AND vocations that fulfill you! Great combination. Just an fyi, our IPS allows for allocation among cash, fixed, equities, and alternatives. Within each of these four classes there is a minimum and maximum allocation, with...
by J295
Thu Jun 05, 2014 11:43 pm
 
Forum: Investing - Theory, News & General
Topic: Changed asset allocation from 60/40 to 50/50 today
Replies: 56
Views: 5326

Re: Hiring an attorney? Advice please

It would be helpful to know what area of the law is involved. A few random observations from someone who practiced law for 30 years and also during that time hired other lawyers (on hourly and on contingency), and accountants. If you do not have experience with litigation and working with lawyers yo...
by J295
Thu Jun 05, 2014 11:31 pm
 
Forum: Personal Consumer Issues
Topic: Hiring an attorney? Advice please
Replies: 18
Views: 1968

Re: Pursuing your calling in life at what cost?

How wonderful for both of you financially and personally. Of course, only the two of you can decide. If I were in your shoes I'd honor my calling without regard to the additional funds that would be available in two years.

Best regards.
by J295
Tue May 27, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pursuing your calling in life at what cost?
Replies: 58
Views: 4557

Re: Talk me out of buying a Porsche Convertible. DISASTER!!!

Thanks for sharing. I enjoy these kind of stories, where people do their best to do the "right thing." Sure, sometimes parties differ on their perspectives on what is actually the "right thing," but it's great to give and receive this type of effort. Enjoy your car and the holida...
by J295
Sat May 24, 2014 6:31 am
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche Convertible. DISASTER!!!
Replies: 45
Views: 6408

Re: Husband just lost job

Sorry to hear about your situation. Take some deep breathes and do your best to be calm in what admittedly is difficult circumstances. Good for you that you have your home essentially paid off and that you have an emergency fund. I can understand not wanting to use it, but there is a reason it is ca...
by J295
Sat May 24, 2014 6:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Husband just lost job
Replies: 60
Views: 6361

Re: Recommended Parenting Books

Very cool that you are so proactive in educating yourselves on this most important vocation you have. We are in our mid 50s and we raised the children with lots of love, clear rules/expectations, and common sense. That's really just background to say I don't have any book recommendations. However, t...
by J295
Fri May 23, 2014 7:56 am
 
Forum: Personal Consumer Issues
Topic: Recommended Parenting Books
Replies: 30
Views: 2111

Re: Picking an estate planning attorney

When I work with a service provider I look for a style and skill set that match my objectives. For example, for something complicated I want someone who is very technically strong (such as when I had cancer surgery); and if not so complicated I'm fine with someone who is readily available and has an...
by J295
Wed May 21, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Picking an estate planning attorney
Replies: 4
Views: 588

Re: Is now a bad time to invest?

Respectfully, do you have an IPS, and if so does it permit variations based on the perceptions you articulate? It can be a very valuable tool, and I perceive it is recommended by many on this site. Best of luck, and thanks for posting and generating discussion.
by J295
Tue May 20, 2014 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to invest?
Replies: 100
Views: 8599

Re: Retirement date set

What were your principal motivations for the decision to "retire" and the date selected?
by J295
Tue May 20, 2014 9:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement date set
Replies: 5
Views: 459

Re: 2600 days of every dollar tracked

Thanks to OP for posting and participating. Very encouraging to see such insight and evidence based analysis. Best wishes for success!
by J295
Tue May 20, 2014 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 6018

Re: Share your networth progression

5) never listen to or pay a dime to a broker or other thief We don't use a broker as they don't bring value to our situation. However, the brokers I do know are hard working, honest, and want their clients to be successful. I appreciate the enthusiasm among Bogleheads for low cost investing; howeve...
by J295
Tue May 13, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 97
Views: 13533

Re: Lien question

Respectfully, you are using the term lien loosely and your fact pattern is a bit difficult to follow. Why are you inquiring? Is there a transaction involving the house and if so is title insurance going to be issued? If there will be title insurance then generally you will want to follow the reasona...
by J295
Tue May 13, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lien question
Replies: 2
Views: 369

Re: In dire need of perspective!

Nisiprius has a well reasoned outline. For us, the transition decision was an evolution of many years which involved more than simply financial readiness. Even now things are evolutionary as I have moved to part time non-owner rather than a full time owner. Financially, on its face 50X expenses woul...
by J295
Sun May 11, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: In dire need of perspective!
Replies: 14
Views: 1042

Re: Can I be a boglehead and join a golf club?

For us, being members of a golf club for nearly 20 years has been a very good fit. Most clubs have their own "personalities," and this one is right for us. Best wishes.
by J295
Sun May 11, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4576

Generally, do you trust service providers?

A discussion on a recent thread caused me to wonder .... generally speaking, do you trust service providers (accountants, lawyers, doctors, dentists, mechanics, financial advisers, etc.)? This question is NOT to you believe they provide value (someone may trust another but choose not to spend the $$...
by J295
Fri May 09, 2014 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Generally, do you trust service providers?
Replies: 18
Views: 1493

Re: A Short Survey for Retirees

biggest surpise
-- how little I concern myself with financial matters
-- the truth of the statement: "I don't know how I ever had time for work"

not a surprise
-- that i am more relaxed
-- that my wife of 32 years and I are having a ball together with this latest chapter of our lives
by J295
Thu May 08, 2014 10:36 pm
 
Forum: Personal Consumer Issues
Topic: A Short Survey for Retirees
Replies: 73
Views: 5319

Re: An easy way to save money: Avoid the $300,000 car.

Thanks Taylor. Great to hear from you on some posts today. Our son states he hopes to never again own a car. His last one was in high school, and he hasn't needed one in Boston, Madrid, Manilla, or San Francisco. Uber and Zip cars serve him well when needed. We'd like a new car again sometime, but i...
by J295
Sat May 03, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 17276

Re: Did (will) you pay off your mortgage by retirement?

Paid off before age 40; transitioned to part time at age 53; transitioned to full retirement at age ?????
by J295
Wed Apr 30, 2014 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Did (will) you pay off your mortgage by retirement?
Replies: 68
Views: 3416

Re: Help: Tax Advantage Accounts for Self Employed

Fyi, setting up the solo 401K at Fidelity was simple, and there is an online contribution calculator that you may use whether you use Fidelity or not. There are other online contribution calculators as well if you want to verify results. Good luck.
by J295
Sun Apr 27, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help: Tax Advantage Accounts for Self Employed
Replies: 22
Views: 4541

Re: Social Security Benefit Calculator

Quick, but not totally accurate answer, is in today's dollars. The annual estimate used to use words like "today's dollars" but the SSA was criticized because that actually underestimated the benefits for many. Today, they don't use those words. Every benefit gets the COLA every year once...
by J295
Sun Apr 27, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefit Calculator
Replies: 7
Views: 2294

Social Security Benefit Calculator

My wife and I are each 54, and I used the government social security benefit calculator and it provided estimates for commencing benefits at ages 62, 67, and 70. I understand once benefits commence they are adjusted for cost of living. My question is: are these calculator estimates in today's dollar...
by J295
Sun Apr 27, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefit Calculator
Replies: 7
Views: 2294

Re: Is it a bad move to buy a home now?

Without knowing more about your personal situation it is difficult to say whether it is a "bad move" to buy a home now. I will share that my perspective is that, at least for us, a home is an environment to connect with and enjoy as a family. It is not considered by us as a money making pr...
by J295
Sun Apr 27, 2014 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it a bad move to buy a home now?
Replies: 34
Views: 7390

Re: POLL: why carry cash?

I keep cash and an extra credit card in my car, which comes in handy when I forget to carry my wallet (as in standing in the grocery check out line with items running through and I reach for my wallet and ... oops .....)
by J295
Sun Apr 20, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 13433

Re: Live Now, Live Later?

A little over a year ago at age 53 I transitioned from full time part owner of a professional practice to modest part time status. My colleagues supported me 100%, but it was outside of most of their "work to 65+ mindset." My spouse and I spent years planning from both a financial and a li...
by J295
Fri Apr 18, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 4440

Cost plus vs. bid for residential renovation

We are undertaking a substantial residential real estate renovation. We have architect plans for portions of the work and fairly detailed specifications. Inevitably items will present themselves during construction that were not considered, especially since this is a renovation. What would be your a...
by J295
Thu Apr 17, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost plus vs. bid for residential renovation
Replies: 1
Views: 329

Re: Just had offer accepted on a house! (Advice pls!)

Assuming your accepted offer is pending inspection - hire a good inspector and have him nitpick the hell out of everything and attach a high dollar amount to every fix. Then use that info to pound the sellers into an even lower price. Once they are informed of defects, make sure you tell them they ...
by J295
Wed Apr 16, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 2497

Re: solo 401k

Take a look at Fidelity's online calculator in the retirement section on its site.
by J295
Mon Apr 14, 2014 12:51 am
 
Forum: Investing - Help with Personal Investments
Topic: solo 401k
Replies: 23
Views: 1738

Re: I accidentally discovered a coworkers salary... now what

Is envy getting the better of me? Should I be more grateful for what I have? Or do I have a legitimate concern about my compensation? If so, how does that get resolved? You may consider sitting silently with these and related questions for some time every day for a week or two, say 15- 30 minutes p...
by J295
Sat Apr 05, 2014 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5944

Re: Buying for someone who "has everything"

I enjoy receiving small framed pictures of family that we can set around our home (and my office when I was full time). A take off on this were drink coasters with different pictures of the kids on the coasters, and travel tags with pictures of the family. Also, coffee shop gift cards are always wel...
by J295
Sat Apr 05, 2014 8:28 am
 
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 2794

Re: is the Mayo clinic is the best in America ????

As a long time board member of an excellent local hospital, and a patient who had successful cancer surgery at Mayo, I'd say "it depends" on your needs and available options. In my personal situation, I wanted a physician who had done numerous procedures of the type I elected. That was ava...
by J295
Thu Apr 03, 2014 5:46 pm
 
Forum: Personal Consumer Issues
Topic: Mayo clinic is the best clinic in America ??
Replies: 30
Views: 3037
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