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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: 559

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: 6280

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: 791

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: 23
Views: 1568

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: 2116

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: 708

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: 708

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: 7908

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: 1772

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: 1571

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: 2020

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: 263

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: 1571

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: 3179

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: 1202

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: 1571

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: 2987

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: 2932

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: 902

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: 7347

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: 2245

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: 2206

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: 2671

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: 16977

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: 1546

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: 7776

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: 2502

Re: Should I Declare Victory and Pack It In?

OP -- best of luck. Unfortunately, there is no owner's manual or crystal ball for this decision. Fortunately, you are a well educated person with skills, resources, and a supporting spouse. My perspective is that you and your wife can make this work. Your resources are strong and I'm not willing to ...
by J295
Fri Jan 16, 2015 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16977

Re: Already having second thoughts about HSA Bank

Late to post here as it sounds like OP has made a decision. We've been with HSA for a couple of years now and it has been smooth sailing. Hope there are no choppy waters next time we need to handle something there. Best regards.
by J295
Thu Jan 15, 2015 5:59 pm
 
Forum: Personal Consumer Issues
Topic: Already having second thoughts about HSA Bank
Replies: 20
Views: 2579

Re: Purchase New House Before Selling Old

I'd go with a loan on the new home. You could always pledge your securities as additional collateral to the bank if required. It's a subtle point that may or may not end up being pertinent, but the reason I prefer to leave the current home unencumbered is so that if serious prospects look at your ti...
by J295
Sun Jan 11, 2015 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchase New House Before Selling Old
Replies: 17
Views: 1017

Re: Whole life insurance paid up as a child, should I still

Looks like OP is getting great advice from those in the know. My experience with paid up whole life is more random. My dad purchased a policy for me when I was born. 22 years later I'm in professional school with two nickels to rub together and in love. I cashed in the policy and took out a student ...
by J295
Sun Jan 11, 2015 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance paid up as a child, should I still cash
Replies: 12
Views: 1214

Re: Recommendations for bathroom scale and an oral thermomet

Actually, we don't own a scale. It makes for an adventure when a large suitcase is packed and we don't know what side of 50 pounds it is on.
by J295
Sat Jan 10, 2015 9:06 pm
 
Forum: Personal Consumer Issues
Topic: Recommendations for bathroom scale and an oral thermometer.
Replies: 11
Views: 850

Re: What is the international portion of your portfolio and

International is 1/3 of the total equity allocation.
by J295
Sat Jan 10, 2015 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 140
Views: 11994

Re: Fidelity Donor Advised Fund

Thanks for the insights.
by J295
Sat Jan 10, 2015 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Donor Advised Fund
Replies: 50
Views: 3506

Fidelity Donor Advised Fund

I'm curious if anyone has had experience with the Fidelity donor advised fund that they would be willing to share. We've had such a fund with our local community foundation, but we're considering Fidelity. We've had accounts with Fidelity for over 30 years and been very pleased with customer service...
by J295
Sat Jan 10, 2015 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Donor Advised Fund
Replies: 50
Views: 3506

Re: retirement coming, health insurance?

We have a high deductible plan purchased through the Exchange. We fully fund our HSA and pay medical expenses with funds other than the HSA (thus allowing the HSA to grow tax free for ultimate withdrawal years down the road). Fortunately, right now I have some self employment income so the premium p...
by J295
Sat Jan 10, 2015 5:22 pm
 
Forum: Personal Consumer Issues
Topic: retirement coming, health insurance?
Replies: 26
Views: 2941

Re: Is a Sub-4% SWR a Boglehead Quirk?

Who knows what will unfold for each of us in the next 30 -40 days, let alone the world and our finances in the next 30-40 years? Certainly I advocate for prudence and proper planning; however, to some extent the finer points of the SWR dialogue tends to be fencing with windmills. Flexibility and cre...
by J295
Sat Jan 10, 2015 5:13 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10796

Re: "Vanguard Group execs say deflation a real risk..."

Respectfully, I believe their crystal ball is no better than anyone else's.
by J295
Sat Jan 10, 2015 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard Group execs say deflation a real risk..."
Replies: 61
Views: 6311

Re: Ridiculous closing costs on cash deal?

As between the buyer and seller who pays for what is technically negotiable. However, in my experience there is a strong default to follow what is customary for the area (in our case, for example, closing costs and owner's premium are split, and survey paid by buyer). Here, title premiums are regula...
by J295
Sat Jan 10, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ridiculous closing costs on cash deal?
Replies: 15
Views: 2756

Re: Thinking about retirement - it's depressing

You may consider that your angst is a springboard for digging much deeper into your self for reflection and, perhaps, some action. This could be a great opportunity to learn more about the real you. If you pursue deep examination know that it is usually hard work. A trusted spouse or friend can be a...
by J295
Thu Jan 08, 2015 10:38 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8594

Re: Having a lot of kids really paid off.

Love it!
by J295
Thu Jan 08, 2015 12:06 pm
 
Forum: Personal Consumer Issues
Topic: Having a lot of kids really paid off.
Replies: 17
Views: 2601

Re: What is the best product to clean golf clubs?

Soapy water brush cleaning after every round works just fine. Towel cleaning during round is a matter of preference. For those who belong to a golf club, I agree with being generous to the club room staff (Somewhat along these lines, with the head pro's permission, we have hired some of the club roo...
by J295
Wed Jan 07, 2015 7:56 pm
 
Forum: Personal Consumer Issues
Topic: What is the best product to clean golf clubs?
Replies: 14
Views: 1050

Re: Any art "investors" here?

Not an art "investor" but in the past couple of years have developed an interest in art generally, principally through our architect's and designer's urging in connection with a total renovation of a town home we purchased. We just recently purchased our first three abstract pieces. We lov...
by J295
Wed Jan 07, 2015 7:44 pm
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 6032

Re: 50/50 simplicity

Reasonably close here ..... age 55 couple with very part time professional work which will further drift to zero in the next few years .....

50 stock
5 Alternative
31 Fixed
14 Cash

Roughly could be considered 55/45

Just rebalanced to reduce stock and increase fixed.

Enjoy.
by J295
Wed Jan 07, 2015 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: 50/50 simplicity
Replies: 25
Views: 3172

Re: Anyone else reluctant to put new money in bonds right no

At year end our stock allocation breached the IPS allocation by more than 5% so we are reducing the stock allocation and purchasing additional bond funds per the IPS.
by J295
Tue Jan 06, 2015 11:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone else reluctant to put new money in bonds right now?
Replies: 27
Views: 3451

Re: Poll: Favorite Coping Strategies for Volatility

Having experienced and witnessed a number of significant financial and non-financial events during my personal and professional life, and having values anchored in faith, family, and friends, we have an orientation where the volatility doesn't register to a significant level. As a practical matter, ...
by J295
Tue Jan 06, 2015 11:37 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Favorite Coping Strategies for Volatility
Replies: 41
Views: 2671

Re: Would you pay for this level of (bad) service?

I'm curious .... what was the issue and were you in a position to check the viability of the repairs when you received back the unit (i.e. fire it up in July and likely be able to check everything except for actually seeing it throw snow).
by J295
Tue Jan 06, 2015 7:52 pm
 
Forum: Personal Consumer Issues
Topic: Would you pay for this level of (bad) service?
Replies: 26
Views: 3093

Re: Cancel Homeowner's Insurance?

OP ... sounds like you believe you've got helpful info on the homeowner's question now .... as for the medical, I believe you will only be able to obtain coverage during the open enrollment period (assuming you are eligible for ACA coverage -- no group coverage available). Thus, you could be uninsur...
by J295
Tue Jan 06, 2015 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6664

Re: How to break up with an advisor

Good of you to reach out to your friend.
by J295
Mon Jan 05, 2015 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to break up with an advisor
Replies: 33
Views: 3227

Re: Do you keep all your eggs in one basket?

We have accounts at Fidelity, Vanguard, and the firm 401K provider. Works just fine for us.
by J295
Sun Jan 04, 2015 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you keep all your eggs in one basket?
Replies: 31
Views: 3370
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