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Re: Buy a 30 and 20 term policy at the same time?

Buying a 20-year and 30-year policy at the same time makes perfect sense if your insurance needs decrease after 20 years but you still need some for years 21-30. When I bought term, I bought three policies (actually one policy with two riders). I bought a 30-year $1M policy, a 20-year $500k policy, ...
by jaj2276
Wed Sep 03, 2014 6:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a 30 and 20 term policy at the same time?
Replies: 16
Views: 1128

Re: Husband rear-ended, driver ignoring his insurance

If you've never been in an accident (or it has been a while), trying to find out the "next steps" is a bit of a scary proposition. I was driving from SC to NY when someone rear-ended me on I-95 (I stopped in time, he did not). He was not the owner of the car (it was his brother-in-law's). ...
by jaj2276
Wed Aug 27, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5080

Re: Arches-Bryce-Zion road trip: Where to stay?

Wife and I did this trip the first week of August. It was BY FAR our best trip ever. -- In Moab, we stayed at the Red Rock Lodge. It was right in the middle of town and was the cheapest of all the hotels, but there's not many other positives to say about it. The rooms were clean but they're old so y...
by jaj2276
Wed Aug 27, 2014 7:58 am
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1098

Re: A tax-deferred space dilemma

All other things being equal, there are only 2 numbers that matter - your current tax bracket and the tax bracket at withdrawal. Here is how I might go about it 1. Determine how you want to balance current vs. future enjoyment. I personally might take 25% of the bonus (post tax) now and enjoy a nic...
by jaj2276
Sat Aug 23, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 593

Re: A tax-deferred space dilemma

I read what you wrote and it seems overly complicated. If I try to simplify it down to one question, it might be: How much do I earmark for a deferred compensation plan? (after we contribute the maximum to 401(k), 403(b), 457). The company match of 3% doesn't count against your $17,500 limit. In a ...
by jaj2276
Fri Aug 22, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 593

A tax-deferred space dilemma

Normally this would be an easy decision for me but I'm having a hard time generating any conviction behind my decision let alone being able to make one. Current Profile DINK (trying for them tho) Him: 38, Her: 33 Current Portfolio: ~$1M ($345k tax-deferred, $255k tax-free, $450k taxable) Annual Inco...
by jaj2276
Fri Aug 22, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 593

Great MarketWatch Article - 13 financial tips to live by

http://www.marketwatch.com/story/dont-create-a-budget-and-12-other-financial-tips-to-live-by-2014-08-20?siteid=yhoof2 The author has to be a member of this board! I love this quote: That brings me to a pet peeve: Advisers wouldn’t be nearly so enthusiastic about variable annuities, equity-indexed a...
by jaj2276
Thu Aug 21, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Great MarketWatch Article - 13 financial tips to live by
Replies: 13
Views: 1940

Kiplinger Article - Vanguard's Actively Managed Funds

http://www.kiplinger.com/article/investing/T041-C009-S002-dan-wiener-likes-vanguard-actively-managed-funds.html I have no idea who Dan Wiener is but if he's really selling 36,000 newsletters/year at $229/yr (or even avg'd down to $175/yr to account for new readers) then he's making over $6M in the ...
by jaj2276
Thu Aug 14, 2014 8:06 am
 
Forum: Investing - Theory, News & General
Topic: Kiplinger Article - Vanguard's Actively Managed Funds
Replies: 1
Views: 734

Re: Experiences with Eli Lilly Credit Union for HSA?

Where is the $24 deducted from, the HSA account or the regular account? It's not a medical expense, is it? It's deducted from the HSA account. I attempted to transfer my entire account balance over to TD Ameritrade and they canceled the entire transfer since there wasn't enough money left in the HS...
by jaj2276
Mon Apr 28, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

Re: Does 529 really hurt the chance to get financial aid?

This may duplicate sscritic's linked information but FWIW I scanned this simplified college cost formula from an article in the Forbes 2014 Investment Guide. It should focus you on the key aspects. http://imageshack.com/a/img836/9301/stwo.gif JW Wow, that's a great concise and clear summary of what...
by jaj2276
Tue Apr 22, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 66
Views: 5454

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by jaj2276
Mon Apr 21, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

Re: Town home, good or bad idea?

Add one more to the DO NOT BUY club, regardless of whether it's with or without your cousin. I'm all for shortening your commute (for 3 yrs I had 1.5 hr commute one-way) but you should do so by renting. You're too young to buy because the opportunities you have right now (even if you believe there a...
by jaj2276
Mon Apr 21, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Town home, good or bad idea?
Replies: 21
Views: 1781

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by jaj2276
Fri Apr 18, 2014 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by jaj2276
Fri Apr 18, 2014 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

Re: Experiences with Eli Lilly Credit Union for HSA?

I believe I just saw that ELFCU now charges $24 (!!!) to transfer money from their HSA Bank Account to the TD Ameritrade account. From the page/tab on which one requests to Transfer Money: --- [snip] --- Elfcu will now assess a $24.00 fee for all outgoing wire transfers. Please be aware of this fee ...
by jaj2276
Fri Apr 18, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

Re: Experiences with Eli Lilly Credit Union for HSA?

In my case, I elected to continue my HSA plan via Cobra so I could contribute the full amount. As someone already answered, you dont need to be employed to contribute to an HSA, just covered by a HDHP.
by jaj2276
Thu Apr 10, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

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

It seems obvious that your concern is with #2 and not #1. If you found her W-2 and made more than her, I doubt you would have made the post here. You likely would have already sent her a note (or sent the note to a group of people including her) saying that personal documents shouldn't be kept on th...
by jaj2276
Fri Apr 04, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 6014

Re: Potential Move - NYC to Charleston SC

OP, I made your exact move 6 years ago after living in Manhattan (3 yrs) and Long Island (3 yrs). I'm not a native New Yorker (and don't know if you are) so moving FROM New York (to anywhere) was very appealing. Needless to say, I love it and can't imagine not living here. Mt Pleasant is a great are...
by jaj2276
Fri Apr 04, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Potential Move - NYC to Charleston SC
Replies: 16
Views: 1643

Re: HSA Tax Question

What exactly do you mean by "less than the full contribution amount allowed by the IRS." ? Since you only had the plan for 3/12 of the year (i.e. 25%), then you're only eligible to contribute 3/12 of the 2013 contribution limits ($3250 for single, $6450 for family). So in your case, it wou...
by jaj2276
Tue Apr 01, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA Tax Question
Replies: 3
Views: 255

Re: Leaving 401k money at previous employer

Right, I guess I wasn't clear in my original email that the reason I wouldn't want #3 or #4 is because I would have to pay taxes to continue my backdoor Roth contributions. Option #2 was going to be my choice as long as the expense ratios were close to Vanguard's. Theyr'e not. It helps that my old 4...
by jaj2276
Thu Mar 27, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving 401k money at previous employer
Replies: 9
Views: 759

Leaving 401k money at previous employer

I currently have around $250k in my previous employer's 401k. In addition to that account, I have a Roth IRA account that I contribute to each year via the backdoor Roth (so I also have a traditional IRA that has a zero balance). I had planned on rolling over my previous employer's 401k $$ into my c...
by jaj2276
Thu Mar 27, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Leaving 401k money at previous employer
Replies: 9
Views: 759

Re: TaxAct Backdoor IRA 2014 Methodology - From TaxAct

The OP seems to have posted an answer that includes backing out of some moves that he already made (i.e. deleting the Roth contributions). stuff deleted OP here - no I just did a straight up backdoor Roth, so I didn't back out of any moves. **EDIT - It is very likely the "delete" instruct...
by jaj2276
Wed Mar 19, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct Backdoor IRA 2014 Methodology - From TaxAct
Replies: 7
Views: 608

Re: TaxAct Backdoor IRA 2014 Methodology - From TaxAct

The OP seems to have posted an answer that includes backing out of some moves that he already made (i.e. deleting the Roth contributions). This year I used TaxAct for the first time and the Backdoor Roth IRA process was very simple. You enter your non-deductible tIRA contribution. That has no impact...
by jaj2276
Wed Mar 19, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct Backdoor IRA 2014 Methodology - From TaxAct
Replies: 7
Views: 608

Re: 2013 TurboTax: Which Product? New Rules?

Mr. Meighan, I wanted to let you (and by proxy Intuit/TurboTax) know that I have switched from TurboTax to TaxAct this year. I did so for two reasons: 1) I do not need any help in entering stock sales so having to purchase the Premiere version for this seems absurd. 2) After realizing that I didn't ...
by jaj2276
Wed Feb 19, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 32696

Re: Experiences with Eli Lilly Credit Union for HSA?

I opened up an HSA account at ELFCU late last year after I separated from my job but hadn't yet fully funded my HSA for the year. I'm not from Indiana. I opened and funded the account from my credit card (~$625). I needed no additional verification. I then filled out the transfer funds form. As supe...
by jaj2276
Wed Feb 12, 2014 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15265

Re: Can whole life ever beat regular [conservative] investin

From reading every single one of these threads (I find them fascinating for some reason), I think it's likely (although not certain) that your dad's policy is a good one *now* but only because he's 30 years into the policy. Which leads me to my question. Is there a way to find out what historical te...
by jaj2276
Sat Feb 08, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can whole life ever beat regular [conservative] investing?
Replies: 12
Views: 761

Re: High Earners - What's Your Profession?

As a totally different anecdote, my wife is a teacher where we live and looking at her salary schedule, she'll never hit $100k/yr (and won't even come close). But I look at the hours she works (7-3, 9 months of year) and the benefits she gets and I think she's getting a good deal. If I were a teach...
by jaj2276
Mon Jan 13, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28543

Re: Razors are getting expensive

Ha, I had this exact same thought when I went to walmart the other day. I just started on my last mach 3 blade and so knew I needed blades soon. When I got to the aisle (I hadn't bought blades in years because I had received them as stocking stuffers, etc.), and saw that they were $15 for a 5 pack, ...
by jaj2276
Sun Jan 12, 2014 7:24 pm
 
Forum: Personal Consumer Issues
Topic: Razors are getting expensive
Replies: 22
Views: 1574

Re: High Earners - What's Your Profession?

Software engineer. I've made well over $100k for the past 10 years. To the OP, and I have no idea your aptitude or desire, but a software engineer (i.e. a programmer or someone in management, not an IT help desk person) is a really good way to hit the $100k level regardless of where you live. Obviou...
by jaj2276
Sun Jan 12, 2014 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28543

Re: Critique of an actively managed fund

It has an interesting performance chart, (similar to Wellington), but the objectives of this fund are to seek very short-term reward with undervalued stocks without regard for the long-term. It is a contrarian fund. I'll stick with indexing. The fund's statement of objectives: http://www.fpafunds.c...
by jaj2276
Fri Jan 03, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1081

Re: Critique of an actively managed fund

One of the funds top 5 holdings is a long position in US treasuries. It looks like that position has worked out well so far but I shouldn't have to explain the risk involved. If you want to compare returns, look at Wellington which has a similar return profile with substantially less risk. How are ...
by jaj2276
Fri Jan 03, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1081

Re: Critique of an actively managed fund

I guess a side question is, regarding active vs passive investing, how long of a time frame should one care about when considering returns. I would only care about future time periods, which history has told us don't look so rosy for your average active fund. Basically I wonder how much underperfom...
by jaj2276
Fri Jan 03, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1081

Critique of an actively managed fund

Anyone care to opine on the following fund, FPA Crescent (FPACX - http://finance.yahoo.com/q?s=FPACX%2C+&ql=1)? I am a believer in indexing but a co-worker of mine alerted me to this fund (he holds it of course) and after looking at it and its performance from 97 to now, it really seems to be a ...
by jaj2276
Fri Jan 03, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1081

Re: Variable Percentage Withdrawal (VPW)

... Stuff deleted ... Hi jaj2276, A higher allocation to equities brings higher volatility. This is why the spreadsheet provides some important information: ⋅  Minimum withdrawal during the simulation. ⋅  Worst withdrawal drop during the simulation. ⋅  Worst nominal wi...
by jaj2276
Thu Jan 02, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 471
Views: 53606

Re: What was your 2013 return?

13.37% 10% Precious Metals (half gold, half silver). -- Worst account was my precious metals which lost 29%. Ouch, are you staying the course in 2014? Yep, I plan to buy some gold/silver this week or next once all my year-end distributions make it in to my checking account. This is typically how I ...
by jaj2276
Thu Jan 02, 2014 9:00 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9383

Re: Variable Percentage Withdrawal (VPW)

First of all, thanks for everyone who's contributed to this thread. Thanks of course to longinvest for actually making (and continuing to enhance) the spreadsheet. My one comment is that this spreadsheet makes me think that I'm being too conservative in my asset allocation as I'm making my way towar...
by jaj2276
Wed Jan 01, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 471
Views: 53606

Re: What was your 2013 return?

13.37% Allocation is 42% US equities, 21% Intl equities, 27% Bonds, 10% Precious Metals (half gold, half silver). -- Net worth increased by 25.4%. -- Entered the two-comma club for the first time this year. -- Saved 35% of gross income. -- My investing gains, just barely, were bigger than my contrib...
by jaj2276
Wed Jan 01, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9383

Re: Bogleheads 2014 Hedge fund contest

My Labs Are Better Stock Pickers Hedge Fund

Long:
PSEC
LGF

Short:
YELP
CRL
by jaj2276
Sat Dec 28, 2013 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 155
Views: 13613

Re: How many folks have a dog?

I have two labs (not rescues), 3 yrs and 6 yrs. We have no kids (I'm 37 and she's 32). I had dogs when I was younger but went a long time (high school until 7 yrs ago) without having them. I'll never not have one again. Are they at times inconvenient and/or annoying? Yes, but I couldn't imagine not ...
by jaj2276
Wed Dec 25, 2013 2:36 pm
 
Forum: Personal Consumer Issues
Topic: How many folks have a dog?
Replies: 112
Views: 7598

Re: Did I Choose Wrong? Defined Benefit vs Defined Contribut

You probably won't know whether you made the right/wrong choice until much later in your life. I, like you did, would have gone with the DC option when starting out. I didn't get an option and so was "forced" to take the DC plan. When my now wife got her job a few years ago, she too had an...
by jaj2276
Sun Dec 15, 2013 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Did I Choose Wrong? Defined Benefit vs Defined Contribution
Replies: 14
Views: 1350

Re: Maxing out 403b, 457, and 401a?

This is more of a general question. I have a 403b, 457 and a 401a through work. I am currently maxing out both my 403 and 457 (~17k each, for a total of ~34k). I am a year into my job, and I have 2 years from my date of hire to decide to make a contribution to the 401a. However, once i choose to co...
by jaj2276
Sat Dec 07, 2013 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: Maxing out 403b, 457, and 401a?
Replies: 6
Views: 699

Re: Costco AMEX Rewards Check Error

Can someone post the phone number they received on their letter? I got one last week too but didn't realize there was a check attached to it. I promptly threw mine away so I'm wondering how much mine was and whether I can get a check (if it's worth it).
by jaj2276
Fri Nov 29, 2013 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Rewards Check Error
Replies: 25
Views: 5110

Re: 250k Student Loan Payment Schedule

I think he is confused because he specifically said somewhere in New Jersey along the path. While Newark and Harrison are on the path, every other stop is in Jersey City or Hoboken and consequently during prime commuting hours likely to be within 45 mins of most of midtown (edit: and as you note in...
by jaj2276
Wed Nov 06, 2013 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 5045

Re: 250k Student Loan Payment Schedule

You should live in New Jersey, somewhere along the Path, so you don't have to pay NYC income tax. People living in Bronx, Queens, Brooklyn, Manhattan, Staten Island (?) all have to pay it (i.e. it's not just Manhattan). This amounts to around 3% of your income. That amount right there is a Roth IRA...
by jaj2276
Wed Nov 06, 2013 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 5045

Re: 250k Student Loan Payment Schedule

You should live in New Jersey, somewhere along the Path, so you don't have to pay NYC income tax. People living in Bronx, Queens, Brooklyn, Manhattan, Staten Island (?) all have to pay it (i.e. it's not just Manhattan). This amounts to around 3% of your income. That amount right there is a Roth IRA ...
by jaj2276
Tue Nov 05, 2013 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 5045

Re: Do sweep accounts require minimum balances at Vanguard?

I ran into this exact same issue with Vanguard earlier in the year. I even wrote them about it and they confirmed this is how it's expected (at least from their perspective) to work. The issue isn't the sweep account balance when distributions are paid, it's the sweep account balance when you *elect...
by jaj2276
Thu Oct 31, 2013 9:55 am
 
Forum: Investing - Theory, News & General
Topic: Do sweep accounts require minimum balances at Vanguard?
Replies: 32
Views: 2275

Re: Timeshare Buyout Question

Ask yourself this. If you didn't have a timeshare, would you ever buy a timeshare for investment purposes? If no, then there's no reason to *keep* a timeshare for investment purposes. However, let's look at it from an investment purpose with GUARANTEED numbers. 1) You pay $8,577 now (the money you f...
by jaj2276
Thu Oct 31, 2013 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1587

Re: Timeshare Buyout Question

Ya, seems like option A is the obvious choice.

What are the rules for "inheriting" a timeshare. I mean I wouldn't want to be given anything that required me to pay out a yearly fee. Is the person inheriting the timeshare allowed to reject it and give it back to the owner of the property?
by jaj2276
Wed Oct 30, 2013 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1587

Re: Bogleheads' "Rags to Riches" Stories

This is my 2nd attempt at responding. I got about half way through the first time and felt vain. After reading someone mention "financial voyeurism" in an earlier post, I too like that aspect of this board and so here goes my contribution. First thing I can remember is living in a 3br/1bat...
by jaj2276
Sun Oct 27, 2013 5:30 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads' "Rags to Riches" Stories
Replies: 107
Views: 15480
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