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Re: Personal Tips for a New Father to Be

Congratulations on the upcoming birth. Parenting is a fantastic vocation. I don't think there is one size fits all in terms of parenting, other than unconditional love ... which you have clearly expressed. A good marriage that demonstrates love in action will also help your child. Filter all the adv...
by J295
Fri Nov 21, 2014 10:52 pm
 
Forum: Personal Consumer Issues
Topic: Personal Tips for a New Father to Be
Replies: 24
Views: 1743

Re: [Should I] rent out [my] house [for a 3-day event]?

Sounds like an interesting opportunity to develop some new relationships, obtain a reasonable rental for use of your property, and provide nice accommodations to benefit a family on what most likely is a very significant pilgrimage for them. Take care.
by J295
Tue Nov 18, 2014 3:17 pm
 
Forum: Personal Consumer Issues
Topic: [Should I] rent out [my] house [for a 3-day event]?
Replies: 68
Views: 4046

Re: Winter Coat

Great stuff. Thanks to everyone who has responded.
by J295
Fri Nov 14, 2014 10:32 am
 
Forum: Personal Consumer Issues
Topic: Winter Coat
Replies: 51
Views: 4398

Re: A/A including Social Security?

At age 55 and working (very) part time, our AA on the equity side is 50% (with 5% alternatives, and the balance in fixed and cash). I consider our perspective to be conservative. We do not include our home (no debt) or SS in our AA, and they are nice mental backstops to our portfolio value. Seems li...
by J295
Fri Nov 14, 2014 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: A/A including Social Security?
Replies: 5
Views: 346

Winter Coat

Have you seen the Plugger cartoon .... well, I'm a plugger with my 20 year old winter coat with the broken zipper that sometimes works if I use a paper clip to coax it up or down. Granted I only wear it to walk the dog and do outside winter work (I have a nice leather jacket and wool top coat), but ...
by J295
Fri Nov 14, 2014 9:39 am
 
Forum: Personal Consumer Issues
Topic: Winter Coat
Replies: 51
Views: 4398

Re: Not qualified for my job - what to do?

I am reading some great insights, which are actually pretty inspirational and I'm posting now to re-affirm. Whether you should stick this out or move on depends on a number of factors that only you can ultimately determine. One big question I would ask myself is: Do I have the drive and ability to d...
by J295
Fri Nov 14, 2014 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 4730

Re: If your networth is over $3 million, how did you do it?

Which sort of makes me mad because the reality is I rather be living with him now in the gutter, eating beans than a comfortable retirement at his expense. Unfortunately no one gets to make that choice. I will say I would have rather taken that trip to Europe with him that not going (which is what ...
by J295
Thu Nov 13, 2014 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 246
Views: 22730

Re: Revocable to Irrevocable Living Trust

Some observations ..... My hesitation is with the Irrevocable Living Trusts for my sons. I am completely at ease with my son’s financial sense and have no problem with them managing money and whether they wish to spend or save their inheritance. Then you may consider outright distributions to your s...
by J295
Wed Nov 12, 2014 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Revocable to Irrevocable Living Trust
Replies: 7
Views: 997

Re: Gathering thoughts vs. Market Timing

See this post for my input on how I have advised our adult children and other family members who have asked for financial guidance -- your financial situation is similar to some of their situations. http://www.bogleheads.org/forum/viewtopic.php?f=1&t=149408 As for your difficulties staying the c...
by J295
Tue Nov 11, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 2912

Re: What if....?

Follow my IPS and re-balance if warranted.
by J295
Mon Nov 10, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: What if your investable assets rise significantly?
Replies: 19
Views: 2050

Re: For the next year or so, why shouldn't we be in all-cas

Please don't admonish me that I am trying market timing; rebalancing is market timing, too, but at an arbitrary calendar date. I don't view rebalancing as market timing, and I will respect your request that we don't admonish you for trying market timing. While market timing isn't for me, and I don'...
by J295
Mon Nov 10, 2014 7:03 pm
 
Forum: Investing - Theory, News & General
Topic: For the next year or so, why shouldn't we be in all-cash?
Replies: 54
Views: 6841

Re: Supreme Court Blues

I would not let the pending court decision impact my work (or non-work) plans. In fact, things were in a state of flux insurance wise when I transitioned to part-time two years ago at age 53. The health care situation for us was fluid (at the last minute BC/BS decided that they would not provide me ...
by J295
Sat Nov 08, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Supreme Court Blues
Replies: 34
Views: 2197

Re: ObamaCare vs. Private Insurance??

We have insurance through the federal exchange with BC/BS. We don't really know about coverage issues because we haven't experienced any significant health costs this year. We didn't have an option for private individual plans due to pre-existing conditions (we are healthy and active at age 55, but ...
by J295
Sat Nov 08, 2014 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: ObamaCare vs. Private Insurance??
Replies: 105
Views: 9562

Re: What if I Never Buy a House?

You are completely fine financially and otherwise if you don't buy a house.
Good luck.
by J295
Sat Nov 08, 2014 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 57
Views: 6421

Re: New car - should I pay cash or use credit?

We personally sleep better at night with no debt, and haven't had any since our home was paid off sometime around age 40. So, we would pay cash. Have a great weekend.
by J295
Sat Nov 08, 2014 8:20 am
 
Forum: Personal Finance (Not Investing)
Topic: New car - should I pay cash or use credit?
Replies: 32
Views: 3947

Re: How did you buy your largest home?

First home out of law school .... 5% down, lots of seat equity and frozen pizzas, and sheets on the windows for a long time Second home 8 years later .... all the equity and savings we had (driving 10 year old van and car, and paid off mortgage in about 10 years) Third home 22 years later .... cash ...
by J295
Fri Oct 24, 2014 7:32 am
 
Forum: Personal Finance (Not Investing)
Topic: How did you buy your largest home?
Replies: 25
Views: 2693

Re: Should I Sue?

Tough break. If you were to prevail I suspect your recovery would be capped at the current fair market value of a used sectional. It seems cost prohibitive and challenging to engage legal counsel (most busy capable lawyers will pass on something like this). Any litigation has an emotional non-financ...
by J295
Fri Oct 24, 2014 7:00 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 3289

Re: Buying a home / renting it to a friend

My perspective includes 30 years as a creditors rights attorney.
Friend or not, I'd personally pass on this opportunity.
by J295
Fri Oct 24, 2014 6:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 978

Re: Turning 25 with 69k in savings.

Welcome! Congratulations on your great financial start, and for your interest in this topic at your age. Perhaps you'd find the below valuable, which we have shared with our adult children and some others who are about your age who have requested our opinion ...... In any case, best of luck. Histori...
by J295
Fri Oct 24, 2014 6:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 25 with 69k in savings.
Replies: 18
Views: 3071

Re: How often do you change your car's oil?

Every 6,000 miles with synthetic oil.
by J295
Fri Oct 24, 2014 6:35 am
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 11073

Re: Do you regret buying your home?

We have owned three homes .... loved each one .... the old saying about the three most important things in real estate are true .... location, location, location ...
by J295
Thu Oct 23, 2014 2:46 pm
 
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 82
Views: 6957

Re: Estate planning - big firm or solo practitioner?

Here are my thoughts from another thread ..... best wishes .... I am a lawyer with 30 years private practice law firm experience (full time until age 53, and now part time). I and my clients have experience hiring other lawyers, accountants, brokers, etc. I almost always rely on personal referrals f...
by J295
Thu Oct 16, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning - big firm or solo practitioner?
Replies: 22
Views: 2143

Re: Retired, my viewpoint has changed again.

malloc -- thanks for sharing your insights. Awareness is a great thing (one of my favorite mystics observes that most people go through life sleepwalking). I concur with your distaste for living inward and "small." Perhaps you'll appreciate Einstein's observation who reportedly said: "...
by J295
Thu Oct 16, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retired, my viewpoint has changed again.
Replies: 22
Views: 3241

Re: Non performance by executrix

Respectfully, I think next steps for you/your spouse on the matter are simple though not easy. Call the PR/executorix and ask her if she wants you/your spouse to take over, and if not get a commitment from her for a firm date for specific action, and if that's not met then hire a lawyer. If you don'...
by J295
Mon Oct 13, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 39
Views: 3298

Re: Building a New House, Advice please.

To echo some of the earlier posts .... location and details are critical. We love the creative and team work aspects of a project like the one you are embarking on. Have fun! A couple of random thoughts ..... ** Prepare yourself emotionally and financially for obstacles -- that's the nature of const...
by J295
Sun Oct 12, 2014 10:56 am
 
Forum: Personal Consumer Issues
Topic: Building a New House, Advice please.
Replies: 66
Views: 5849

Re: Lawyer fee question?

I am a lawyer and also hire lawyers, accountants, and other professionals as part of my work. My guess is that the lawyer believed it in your best interests to continue to prepare for the litigation so that your interests would be protected in the event a settlement was not achieved. That would seem...
by J295
Sun Sep 28, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lawyer fee question?
Replies: 32
Views: 2205

Re: Buy today or stick to plan?

Stick to your plan.
If you no longer believe in your plan, then change your plan.
Personally, our IPS only permits a plan change if we decide on the change and then wait three months and still then desire to make the plan change.
Enjoy the weekend.
by J295
Fri Sep 26, 2014 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy today or stick to plan?
Replies: 29
Views: 2916

Re: College-bound teens and finances

Our kids are financially independent college grads. We are a close supportive family, but they all learned through experience how to navigate the financial realities of life. Starting in junior high they each got stipends every six months which they could use or save as they saw fit for nearly all o...
by J295
Wed Sep 10, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2594

Re: Tennis Role Reversal

Fantastic that your enthusiasm is at such a high level. As for predicting the outcome of your match .... in my estimation it depends on your young opponents skill set more than his/her age ... I played #1 singles in high school with good outcomes (all city, conference champ, state semis, etc.), and ...
by J295
Mon Sep 08, 2014 9:08 pm
 
Forum: Personal Consumer Issues
Topic: Tennis Role Reversal
Replies: 13
Views: 1329

Re: Advice on job opportunity abroad: taxes, cost of living,

I am very excited about the prospect of moving from a personal perspective (very interested in the region and speak Spanish fluently, want to get international exposure in my career, etc.), but have a few hesitations from a financial point of view. It seems like with many significant decisions ther...
by J295
Sun Aug 31, 2014 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on job opportunity abroad: taxes, cost of living, etc
Replies: 13
Views: 1203

Re: Sports Motivation Waning

We are a family of overachievers, including competitive sports at a high level. My best sport was tennis, although I no longer play. I share that only so you'll know my background in reading my comments. You may want to take a year of embracing this new dynamic and flesh out what it says about you a...
by J295
Sat Aug 30, 2014 6:07 am
 
Forum: Personal Consumer Issues
Topic: Sports Motivation Waning
Replies: 18
Views: 1682

Re: How to find a lawyer for estate planning?

I am a lawyer with 30 years private practice law firm experience (full time until age 53, and now part time). I and my clients have experience hiring other lawyers, accountants, brokers, etc. I almost always rely on personal referrals from trusted friends or acquaintances. For an estate plan lawyer ...
by J295
Wed Aug 27, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a lawyer for estate planning?
Replies: 16
Views: 842

Re: I need "Ultra High Net Worth" investing advice please

I truly trust my attorney and he did offer to get me in contact with the above people that handle his finances and firm as well others I know. You may consider having this trusted counsel kept in the loop as part of your team even if his area of expertise is not estate planning. Your trust in him a...
by J295
Sun Aug 24, 2014 7:45 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19719

Re: In the very early process of starting a business. ?'s

Get a great accountant and he/she can help you select software for tracking income and expenses (i.e. quick books). As for the Roth IRA contribution it will likely turn on how you structure your activities and account for and characterize your income and expenses (sole proprietorship vs. entity, etc...
by J295
Fri Aug 22, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: In the very early process of starting a business. ?'s
Replies: 4
Views: 548

Re: What to consider while purchasing an existing business?

I recognize you did not ask whether or not you should purchase this business. Nonetheless, I will share a couple of observations for your consideration: 1. Before pulling the trigger I would recommend detailed due diligence, and a detailed business plan. 2. Typically, you would want input from an ex...
by J295
Fri Aug 22, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 50
Views: 4299

Re: Do you tip on the tax?

by nisiprius » Fri Aug 22, 2014 6:45 am I tip in cash and I round up to some nice round number. My wife and I negotiate on the amount--it's sort of potlatch, we tend to raise each other's suggestions rather than reduce them--and it is partially based on our joint currency holdings. The starting poi...
by J295
Fri Aug 22, 2014 8:10 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5455

Re: Retiree Poll: Do you do any volunteer work?

While working full time I did a lot of "board of director" type volunteer work. After transitioning to part time I made a conscious decision to volunteer "on the ground." So, now I visit hospital patients once per week and offer them Communion, volunteer as a patient escort at a ...
by J295
Thu Aug 21, 2014 6:10 pm
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Do you do any volunteer work?
Replies: 32
Views: 2579

Interior Door Leverset

Anyone have experience with A. Homehardware4less B. Emtek interior door hardware (modern suttgart leverset). We are having our cabinet maker make our interior doors, which will be higher quality than the typical mdf type doors purchased from the lumber yard, and we want to accordingly purchase highe...
by J295
Tue Aug 19, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: Interior Door Leverset
Replies: 3
Views: 440

Re: Golf School Recommendations, East Coast?

I am a 55 year old with an 8 USGA handicap index and I very much enjoy golf. To answer your question, take a look at the website for extraordinary golf (there is a book by the same name). I note on their website that they sometimes hold their school on the east coast, although they principally work ...
by J295
Thu Aug 14, 2014 9:43 pm
 
Forum: Personal Consumer Issues
Topic: Golf School Recommendations, East Coast?
Replies: 11
Views: 761

Re: Would you tip this tour guide?

I would tip.
by J295
Tue Aug 12, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Would you tip this tour guide?
Replies: 22
Views: 2329

Re: Good place to park ~$500k for house remodel/teardown?

I would "park" the funds in a high yield savings account (AMX Bank -- two accounts to assure FDIC coverage). I wouldn't consider them part of our AA at this point. Enjoy the remodel/tear down. We purchased a town home and are doing a substantial renovation and love the process. We're fortu...
by J295
Tue Aug 12, 2014 7:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Good place to park ~$500k for house remodel/teardown?
Replies: 17
Views: 2500

Re: How important is my insurance agent?

We have had an independent agent for 30+ years. The agency is owned by a friend. Over time our rather modest needs were handled by a staff agent, but for some matters I'd reach out to both my agent friend and his staff agent. Both were extremely prompt and responsive. Matters like .... make sure we ...
by J295
Mon Aug 11, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2308

Re: Fear of Disclosing Net Worth

We rarely have a need to disclose, but when we had to in the past it didn't concern us (i.e. financial statement to bank for business I was part owner of; credit card application; etc.). We prefer to keep our financial status private, but it isn't fear based. As for phone calls and mail, I only answ...
by J295
Mon Aug 11, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8377

Re: Purchasing Original Abstract Art

I like Etsy.com

Plenty of interesting art by struggling/part-time artists, some quite good!


Thanks for the information. We will check it out.
by J295
Mon Aug 11, 2014 9:13 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Original Abstract Art
Replies: 9
Views: 746

Re: Purchasing Original Abstract Art

It was around $1,000. A no name artist. I don't consider it an investment, at all. The price was acceptable to me, and I really enjoy it. Fyi, $1k is an acceptable cost based on our early experiences, and we have found some items around this range we enjoy .... we just aren't interested at this poi...
by J295
Mon Aug 11, 2014 9:12 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Original Abstract Art
Replies: 9
Views: 746

Purchasing Original Abstract Art

We will be making our first purchases of original abstract art (acrylic or oil on canvas). We have located some pieces that we like at a local gallery and at a recent art festival that happened to be in the community where we recently stayed on vacation. We will be buying what we like (and which fit...
by J295
Mon Aug 11, 2014 1:03 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Original Abstract Art
Replies: 9
Views: 746

Re: That sudden moment when Money is not a Problem.........

From our IPS ...... To retain awareness that there are two risks impacting our financial choices. One, the risk that we could someday run out of money. The other, more subtle, that we die without living fully because we are unduly inhibited by the first risk. We shall strike a balance and retain fle...
by J295
Thu Aug 07, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6870

Re: Looking for advice on creating a Will

Have it done by an estate plan lawyer. Consider wills with trusts for minor children (current and any born later), and name a guardian for child/children. Also consider powers of attorney and powers of attorney for health care. There will be a number of decisions you will need to make (trustee for t...
by J295
Thu Aug 07, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on creating a Will
Replies: 39
Views: 2783

Re: Should I worry about being audited?

Hire a good accountant or tax lawyer. This does not appear to me to be a DIY situation.
by J295
Tue Aug 05, 2014 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I worry about being audited?
Replies: 34
Views: 3191

Re: How do you document your HSA "stuff?"

keeping it simple ... spreadsheet and envelope
by J295
Mon Aug 04, 2014 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2289
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