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Re: How are you doing through the first half of 2014?

Return through June 30th is 5.25%. Portfolio (including contributions and withdrawals) is up 6.12%. Rough asset allocation is 70% equity, 15% TREA, and 15% TIAA Trad.
by jbk
Mon Jul 07, 2014 10:55 pm
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 10055

Termite Warranty?

Friend of mine pays $200 per year for a termite warranty. The warranty means that if the house has termites, it gets treated for free. There is no provision for damages. He's paid $1,000 over the past five years for just this warranty and has never had a termite. Asked me if I thought he should drop...
by jbk
Thu Apr 10, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Termite Warranty?
Replies: 1
Views: 264

Re: First Speeding Ticket: What Would You Do?

Pay it and move on. Hiring an attorney would be foolish. New York state instituted a a new $25 state surcharge for speeding motorists who plead down to the common lesser charge of “parking on pavement” this year. lol, i'll take the 25 surcharge over the insurance hike. i've had several situations r...
by jbk
Mon Mar 31, 2014 7:37 am
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: First Speeding Ticket: What Would You Do?

How about the honest approach? If you were speeding then pay it. If you were not then contest it. It's not just a money/risk analysis. Not for nothing, but Hiring a Lawyer IS an honest approach. The Officer and the Court have to provide certain documentation for the charge to hold up. Calibration o...
by jbk
Mon Mar 31, 2014 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: First Speeding Ticket: What Would You Do?

KyleAAA wrote:Can you not please nolo in New York?

Unfortunately, you're pretty much guilty until proven innocent in traffic court. Still, over half of people who actually fight these tickets end up winning. The odds are in your favor.


No nolo in the city.
by jbk
Mon Mar 31, 2014 7:34 am
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: First Speeding Ticket: What Would You Do? (Update)

Update from the OP: I did not spend $400 on a lawyer and ended up pleading guilty and paying the $200 ticket. Looks like that was the right choice in this case. The car insurance renewal came today and the annual premium only went up $100 (a typical increase). I don't believe the company ran my lic...
by jbk
Mon Mar 31, 2014 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: First Speeding Ticket: What Would You Do? (Update)

Update from the OP: I did not spend $400 on a lawyer and ended up pleading guilty and paying the $200 ticket. Looks like that was the right choice in this case. The car insurance renewal came today and the annual premium only went up $100 (a typical increase). I don't believe the company ran my lice...
by jbk
Mon Mar 24, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Withdrawal Limit At Capital One Savings Account??

I've had an ING Direct savings account for many years. Recently, Capital One took that over. Today, after making a withdrawal from the account, I received a warning that I had three withdrawals left this month. Looking on the FAQ, I found this: "Is there a limit to the number of withdrawals I c...
by jbk
Tue Mar 18, 2014 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Withdrawal Limit At Capital One Savings Account??
Replies: 9
Views: 1230

Re: Worth fighting ticket to avoid points, higher insurance?

The message is that you are innocent until PROVEN guilty in court you have no duty to self incriminate or to plead guilty. So, the legal standard is the moral standard then? I think Leonard may be right in that the moral choice is to admit guilt (if he did it) and not fight the ticket. However, the...
by jbk
Sat Mar 08, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Worth fighting ticket to avoid points, higher insurance?
Replies: 46
Views: 3255

Re: How Many Funds Do You Have in Taxable?

Hmmn ... In the poll the biggest number is the 5+ group but the people that are posting are all in the <= 5 groups. I wonder why. Perhaps all of us with the 5+ are too busy keeping track to have time to post. I've noticed this about several of the Boglehead polls. The vote goes one way and the comm...
by jbk
Wed Mar 05, 2014 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 5513

Re: Worth fighting ticket to avoid points, higher insurance?

I posted on this very topic a short time ago. I'm a different age and a different state, but here's the link as you may find the input helpful nonetheless: viewtopic.php?f=2&t=130988
by jbk
Wed Mar 05, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Worth fighting ticket to avoid points, higher insurance?
Replies: 46
Views: 3255

Re: Which Year Is Expense Deductible?

More complicated than I thought. Hopefully more specificity will help. It's a landscaping bill, part of which is deductible to me as the landlord as a rental expense. Thanks for the replies! Even more complicated than you thought you thought. Is the landscaping an expense, a depreciable asset, or i...
by jbk
Sat Jan 25, 2014 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Year Is Expense Deductible?
Replies: 9
Views: 703

Re: First Speeding Ticket: What Would You Do?

Thanks for all the replies. I actually didn't get the notifications that there was new activity here so sorry if I'm a little late getting back here. I'll try to address some of the comments. 1. I don't think we have what some have referred to as "traffic school." Just defensive driving (6...
by jbk
Mon Jan 20, 2014 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: First Speeding Ticket: What Would You Do?

Pay it and move on. Hiring an attorney would be foolish. New York state instituted a a new $25 state surcharge for speeding motorists who plead down to the common lesser charge of “parking on pavement” this year. Not in NYC. No pleading down. Either Guilty with full penalty or Not Guilty with no pe...
by jbk
Sun Jan 19, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: Which Year Is Expense Deductible?

More complicated than I thought. Hopefully more specificity will help. It's a landscaping bill, part of which is deductible to me as the landlord as a rental expense. Thanks for the replies!
by jbk
Sun Jan 19, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Year Is Expense Deductible?
Replies: 9
Views: 703

Which Year Is Expense Deductible?

Got a bill dated 12/31/13 which I'm paying by check now. Deductible in 2013 or 2014? Thanks.
by jbk
Sun Jan 19, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Which Year Is Expense Deductible?
Replies: 9
Views: 703

Re: First Speeding Ticket: What Would You Do?

Thanks for all the replies. John 3754, my understanding is that radar is not necessarily infallible and lawyers have ways of pointing that out. John 94549, a defensive driving course will neutralize the four points and I'm eligible as I haven't taken one in the last three years. Still, I'd prefer to...
by jbk
Fri Jan 17, 2014 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

First Speeding Ticket: What Would You Do?

Got the first moving violation of my life after 25 years of driving. I was coming off a highway and the officer said he clocked me at 32 MPH in a 15 MPH zone. (Yes, my first ticket is for allegedly doing 32 MPH.) If I plead guilty, it's four points on my license (taken off my license 18 months from ...
by jbk
Fri Jan 17, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4649

Re: [Poll] What was your 2013 return?

19.5%

Allocation is 73.5% Equity (and 19% of that is international), 15% TIAA Traditional, 11.7% TREA.

Happy New Year. Let's do it again!
by jbk
Tue Jan 07, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9494

Re: What was your 2013 return?

19.5%

Allocation is 73.5% Equity (and 19% of that is international), 15% TIAA Traditional, 11.7% TREA.

Happy New Year. Let's do it again!
by jbk
Wed Jan 01, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Split from] What was your 2013 return?
Replies: 12
Views: 451

Re: Received Anonymous $100 Gift Card

It's a legitimate store requiring no membership fee, though it's a bit pricier than where we would normally shop. Yes, the gift is out of left field since we are not at all modern design buffs. Also, the crowd with which we run doesn't typically exchange $100 gifts. The mystery continues. I'll check...
by jbk
Sun Dec 22, 2013 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Received Anonymous $100 Gift Card
Replies: 13
Views: 2908

Received Anonymous $100 Gift Card

Subject says it all. My wife and I today received in the mail what appears to be an anonymous $100 gift card to the MOMA Design Store. The skeptic in me wonders about the angle here. Anyone have experience with receiving anonymous gift cards? Also, anyone here want to fess up to this?
by jbk
Thu Dec 19, 2013 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Received Anonymous $100 Gift Card
Replies: 13
Views: 2908

Re: Medicaid Waiver

This typically varies by state. This is my field, but I'm in NY. If that's where you are, let me know and feel free to PM me if you prefer.
by jbk
Thu Dec 19, 2013 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid Waiver
Replies: 12
Views: 1882

Re: Allocation in TIAA-CREF

I recently began using TIAA Traditional in place of bonds. In a GSRA that option currently earns 3%. I have looked at that, but I'm not entirely up on the mechanics of it. My understanding is that it's not that easy to move your money out of it. (I expect to move on to another employer in 4-5 years...
by jbk
Thu Dec 05, 2013 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation in TIAA-CREF
Replies: 17
Views: 726

Re: Allocation in TIAA-CREF

I recently began using TIAA Traditional in place of bonds. In a GSRA that option currently earns 3%.
by jbk
Thu Dec 05, 2013 11:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation in TIAA-CREF
Replies: 17
Views: 726

Re: Masters in Mental Health Counseling

I earned my MSW nearly 25 years ago and have been in the field since then. It's worked for me. Yes, the jobs can be stressful and low-paying. In my case, I moved to management after two years. The pay improved and the stress reduced. Compared to other fields the pay was still low, but I tried to dea...
by jbk
Sat Nov 23, 2013 8:42 pm
 
Forum: Personal Consumer Issues
Topic: Masters in Mental Health Counseling
Replies: 21
Views: 1204

Re: Free 39-Week Subscription to Wall Street Journal

I, for one, am amazed at this deal. I did it about a week or so ago and got a newspaper on my doorstep today. (I hadn't even realized the deal included print delivery.) I get the paper delivered and digital access for nine months and I didn't even have to give credit card info. Amazing.
by jbk
Tue Nov 19, 2013 10:56 pm
 
Forum: Personal Consumer Issues
Topic: Free 39-Week Subscription to Wall Street Journal
Replies: 24
Views: 4043

TIAA Traditional Instead of Bonds?

I'm in the accumulation stage with probably 15-20 years to go before retirement. Nearly all of my fixed income is CREF Bond Market, but I was thinking of selling that and buying TIAA Traditional instead. The 30-day SEC yield of Bond Market is 1.66%. Traditional is guaranteeing 3%. The account is in ...
by jbk
Wed Nov 13, 2013 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Instead of Bonds?
Replies: 7
Views: 846

Re: Timeshare Buyout Question

Thanks again for all the replies. I'll pass them on.

Swampy, it's a studio. Why Not Us, yes, this is the Gurney's deal.
by jbk
Fri Nov 01, 2013 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1601

Re: Timeshare Buyout Question

Thanks for the replies. Looks like a few "obvious" or "hands down" votes for Option A and a "hands down" vote for Option B. Can any of the Option A voters show their work? :happy Is the decision primarily based on a prediction of the market for Long Island timeshares fi...
by jbk
Thu Oct 31, 2013 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1601

Timeshare Buyout Question

Posting this for a friend. Several years ago he inherited a one-room timeshare at a beachfront resort in Montauk, Long Island. He gets one week a year there (Labor Day weekend and the week after) for which he pays $1,500 a year maintenance. The resort is being bought out and my friend has been offer...
by jbk
Wed Oct 30, 2013 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1601

Re: Estate Check When There's No Estate (NY)

Thanks for the replies!
by jbk
Wed Oct 30, 2013 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate Check When There's No Estate (NY)
Replies: 14
Views: 1205

Estate Check When There's No Estate (NY)

Father-in-law passed away over the summer without a will. His assets totaled about 20K and were held jointly with my wife. Now we received a $200 Medigap premium refund check made out to the estate. There is no estate. Anyone know how this gets resolved in NY? Thanks.
by jbk
Mon Oct 28, 2013 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate Check When There's No Estate (NY)
Replies: 14
Views: 1205

Re: Inherited IRA Question/Lazy Bank

O.P. back again. The bank will reissue the RMD check in my wife's name and then transfer the money to Vanguard. I don't know why it feels it has to issue the RMD before the transfer, but at least it will be in a living person's name. Based on my experience with this bank thus far, I'm reasonably sur...
by jbk
Mon Sep 23, 2013 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Question/Lazy Bank
Replies: 12
Views: 1032

Most Dangerous Month Coming Up (NY TIMES)

http://www.nytimes.com/2013/09/15/your- ... ks.html?hp

Interesting article covers the "really bad day" concept that's often discussed here. It is defined as a drop of 3.2% and happens about five times every two years.
by jbk
Sun Sep 22, 2013 8:09 am
 
Forum: Investing - Theory, News & General
Topic: Most Dangerous Month Coming Up (NY TIMES)
Replies: 21
Views: 3497

Re: Inherited IRA Question/Lazy Bank

You are correct, 123. My father-in-law had very little in assets and no will. All accounts were joint with my wife and she was the beneficiary on the IRA. There is no estate. The IRA was 16K and the RMD was just under 1K. Spoke to the bank this morning, but they had no answers as the IRA department ...
by jbk
Sat Sep 21, 2013 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Question/Lazy Bank
Replies: 12
Views: 1032

Inherited IRA Question/Lazy Bank

My wife inherited her father's bank IRA when he passed away last month. We began the process of transferring the IRA to Vanguard Total Bond Market, but while in process the bank mailed the RMD check in his name to us. Here's the question: How can we deposit this check? His accounts have already been...
by jbk
Fri Sep 20, 2013 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Question/Lazy Bank
Replies: 12
Views: 1032

Re: Inherited an IRA: Not sure what to do.

I think someone mentioned on another thread (can't remember exactly where) in this topic that if you are investing in bonds, the inherited IRA is a good place to hold those bonds as that can help hold down the tax liability from RMDs. Is that generally agreed upon? Couldn't find anything specificall...
by jbk
Mon Sep 09, 2013 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited an IRA: Not sure what to do.
Replies: 8
Views: 1522

Re: TIAA-Cref vs AXA Equitable

The only possible wrinkle with TIAA-CREF is that if you have money in the traditional annuity (TIAA) you can only take that money out over 10 years. For a small amount such as you have they may not hold you to that though. Depends on the type of TIAA-CREF account the O.P. has. If it's a G.S.R.A. ac...
by jbk
Thu Aug 15, 2013 7:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-Cref vs AXA Equitable
Replies: 7
Views: 741

Re: Need cash, what to sell?

I asked the same question as the O.P. a few years back. Here's that thread:
viewtopic.php?f=11&t=60511
by jbk
Tue Aug 13, 2013 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need cash, what to sell?
Replies: 13
Views: 1163

Re: Dropping to One Income

O.P. back. My wife was offered a job today! Potential crisis averted. Thanks again for all the tips!
by jbk
Wed Aug 07, 2013 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dropping to One Income
Replies: 19
Views: 2413

Re: Realize gains on taxable investments in order to fund Ro

Also see this thread for a previous discussion of this topic:
viewtopic.php?f=1&t=94695

Grabiner's post in that thread is very informative.
by jbk
Sat Aug 03, 2013 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Realize gains on taxable investments in order to fund Roth?
Replies: 16
Views: 943

Re: Dropping to One Income

TIAA-CREF, no match. If the spouse isn't working we're still 15% even without the retirement contributions. I know I'll pay zero on the cap gains, but I'll waste my carryover losses that could've been used to adjust income for the next few years. Instead, the losses will negate cap gains that I wou...
by jbk
Sat Aug 03, 2013 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dropping to One Income
Replies: 19
Views: 2413

Re: Dropping to One Income

Is there a match on the 403b? If so I'd want to contribute enough to get the match at least. Another question is how good is the 403b plan? A lot of these are high cost. If so you might want the taxable funds instead. What happens when you stop contributing to the 403b? Will it put you in a 25% bra...
by jbk
Thu Aug 01, 2013 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dropping to One Income
Replies: 19
Views: 2413

Re: Dropping to One Income

Thanks for all the replies. Here are some clarifications: I agree on the LBYM. Unfortunately, we bought the house before we became Bogleheads so the house is pretty much dependent on two incomes. A large expense, therefore, isn't going away. I didn't mean to say that my plan was to sell off taxable ...
by jbk
Thu Aug 01, 2013 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dropping to One Income
Replies: 19
Views: 2413

Dropping to One Income

Two-income household here about to temporarily drop to one due to spouse's unemployment. She's getting called for interviews and we're hopeful something will pan out soon. We should be able to last about 7 years without her income, but at that point taxable investments would be exhausted. The taxabl...
by jbk
Thu Aug 01, 2013 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dropping to One Income
Replies: 19
Views: 2413

What Are We Paying For This ING Fund?

From a fact sheet on ING Russell Large Cap Index Portfolio: >>Gross Prosp Exp Ratio 0.38% of fund assets Net Prosp Exp Ratio 0.37% of fund assets Management Fee 0.25% 12b-1 Fee . Other Fee 0.01% Miscellaneous Fee(s) 0.12%<< I get a total of .75% here. However, a separate performance sheet for all of...
by jbk
Wed Jun 26, 2013 10:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: What Are We Paying For This ING Fund?
Replies: 1
Views: 294

Re: Buy boxes of checks online?

For those of you that buy checks online, which sites allow you to print checks without your address on them? I had read that having your address on the check raises the risk of identity theft and a number of the online sites I visited didn't have an option for not including your address.
by jbk
Wed May 22, 2013 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy boxes of checks online?
Replies: 60
Views: 6390

Re: ING 403(b) Or Taxable Investing?

Thanks, TFB! I got so caught up in avoiding fees I didn't even think to do that simple calculation. Dickenjb, we max out all retirement space. Portfolio is mid six-figure with about a 60/40 retirement/taxable split. The day we have a "massive" amount of pretax savings will probably be the ...
by jbk
Thu May 16, 2013 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: ING 403(b) Or Taxable Investing?
Replies: 4
Views: 307
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