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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: 3919

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: 2181

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: 2198

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: 6494

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: 4984

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: 2294

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: 4773

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: 5956

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: 4858

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: 6217

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: 6630

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: 3312

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: 4505

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: 7590

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: 280

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: 4541

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: 1762

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: 16
Views: 1509

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: 3828

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: 3367

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: 969

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: 5153

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: 913

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: 3046

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: 1935

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: 1910

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: 1628

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: 2057

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: 769

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: 2838

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: 6607

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: 12225

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: 6607

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: 1429

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: 1104

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
Fri Mar 13, 2015 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Best 4-6 person tent
Replies: 20
Views: 1421

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 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: 4939

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
Wed Mar 11, 2015 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Check to Rent an Apartment?
Replies: 23
Views: 1690

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
Mon Mar 09, 2015 8:17 pm
Forum: Personal Consumer Issues
Topic: College readiness
Replies: 27
Views: 1949

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
Tue Mar 03, 2015 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: LLC or Umbrella insurance?
Replies: 8
Views: 644

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
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: 6866

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 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 16
Views: 967

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 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 25
Views: 2249

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
Sat Feb 21, 2015 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Commiting NEW cash to market
Replies: 31
Views: 2328

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 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Self-Employment Retirement
Replies: 17
Views: 867

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 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Self-Employment Retirement
Replies: 17
Views: 867

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
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: 8857

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 1:32 pm
Forum: Personal Consumer Issues
Topic: Free online news
Replies: 22
Views: 1982

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 1:27 pm
Forum: Personal Consumer Issues
Topic: Dusting wood floors -- robots and vacuums
Replies: 19
Views: 1722

Re: Dusting wood floors -- robots and vacuums

Thank you to all responders ..... very helpful.

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