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Re: Was ready to pull plug on Janus..until

That is classic - those Janus funds are real turkeys! Hopefully the OP will make the change now that all of you have given him some good advice (though OP - as mentioned above you need to check this info yourself and make sure you understand how the Vanguard comparison funds were picked). what is c...
by jimmyrules712
Tue Jul 29, 2014 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 35
Views: 1065

Re: Was ready to pull plug on Janus..until

I get you have to compare apples to apples, but I'm trying to justify the move to Vanguard total stock market index when the funds I'm currently in have outperformed over an 8 year period. I chose 8 because that's where my records started. You stated "still liking janus" when you only sho...
by jimmyrules712
Tue Jul 29, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 35
Views: 1065

Re: Was ready to pull plug on Janus..until

Not sure if you're being sarcastic, but here you are. JANEX JANIX JANRX JNRFX JNGTX JNTFX JNMCX JNOSX The closest Vanguard Index fund comparison to JANEX is VMGMX. JANEX YTD performance is 4.97% VMGMX YTD performance is 6.81% The closest Vanguard Index fund comparison to JANIX is VSGAX. JANIX YTD p...
by jimmyrules712
Tue Jul 29, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 35
Views: 1065

Re: Was ready to pull plug on Janus..until

The Janus funds you are looking at are not investing in the same indexes as the Vanguard funds you're looking at. You're basically comparing apples to oranges and saying that the Janus apples make the best orange juice. It doesn't work that way. Give us the Janus mutual fund names or symbols and we ...
by jimmyrules712
Tue Jul 29, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 35
Views: 1065

Re: Best CC for (new) purchases

Maybe I'm missing something, but assuming you have the money to pay for the items (i.e., you don't intend to carry a credit card balance), you can generally get much better than a 1% or 2% discount by paying with cash--especially if you're making large purchases. Large purchaeses, maybe, but large ...
by jimmyrules712
Sun Jul 20, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 3127

Re: Best CC for (new) purchases

The Barclays Arrival gives 2 points per $1 spent, and if redeemed for travel you end up getting about 2.2% cash back. $89 annual fee. There is currently a sign u promotion giving 40,000 points when you open a new account (worth $400 towards travel). http://www.barclaycardarrival.com/ I got Barclays...
by jimmyrules712
Sun Jul 20, 2014 12:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 3127

Re: Help with setting up Fidelity solo-401k

I believe the current IRS Form ss-4 continues to be an accident waiting to happen. DO NOT answer 'started a pension plan,' when you're asked why are you applying for an EIN. Instead answer that you need an EIN for your business. If you mistakenly indicate 'started a pension plan,' the number will g...
by jimmyrules712
Sat Jul 19, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Re: Need help w/self-employed 401(k) questions (and others!)

This is the second one tonight. What is wrong with wives (or more likely husbands) these days that husbands keep opening accounts for wives? The last time I looked, women were as smart and competent as men. I'm guessing my post is the other one you are referencing. I don't see any issue with the sp...
by jimmyrules712
Fri Jul 18, 2014 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help w/self-employed 401(k) questions (and others!)
Replies: 9
Views: 497

Re: Help with setting up Fidelity solo-401k

Can your wife be more involved than just earning the money? I suggest letting her learn these matters. Help her if need be but I would let her be plan administrator. There are unusual circumstances that of course would not happen to you that would make it even more beneficial but it's better for he...
by jimmyrules712
Fri Jul 18, 2014 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Re: Help with setting up Fidelity solo-401k

4. Don't need wife's name for affiliated employers, if there are none. That is, she's not doing business via another sole proprietorship, partnership, or corporation that is part of a controlled group and/or affiliated service group relationship with the employer (sole prop.) who's adopting the pla...
by jimmyrules712
Fri Jul 18, 2014 10:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Re: Help with setting up Fidelity solo-401k

I set up a fidelity solo 401k earlier this year. I got an EIN for the 401k but all my 1099s still come in under my SSN. My CPA said this is fine. Thanks. Last question: There is an "Employer" section on the form with a question that says "The term "Employer" includes the fo...
by jimmyrules712
Fri Jul 18, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Re: Help with setting up Fidelity solo-401k

You'll also be filling out an "Account Application" in addition to that "Adoption Agreement." https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/se-401k-application.pdf That form explicitly says: All forms must contain your Employer Tax ID number. Do not use your...
by jimmyrules712
Fri Jul 18, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Re: Help with setting up Fidelity solo-401k

3. Would the "Employer" just be my wife's name, address, and social? Typically you need an EIN (Employer IN). There should be a spot for this on the paperwork, and it'll go on the 1040 Schedule C. Thanks for responding. Since my wife is a sole proprietor she does not have an EIN, and file...
by jimmyrules712
Fri Jul 18, 2014 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Help with setting up Fidelity solo-401k

I'm trying to set up a solo 401k with Fidelity for my wife (who is a 1099 contractor) and have a few questions about this required form: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/customer-service/profit-sharing-standardized-401k-adoption-agreement.pdf . I generally hate talk...
by jimmyrules712
Fri Jul 18, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 736

Re: Why does anyone use American Express?

What are the practial differences or advantages, disadvantages between an Amex serviced product and a FIA serviced product? WJwhitney later in tis thread said re the Fidelity Amex "So it is AMEX in name only. Kind of a hybrid card, like a Visa with an AMEX wrapper." Are there reasons to g...
by jimmyrules712
Wed Jul 16, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Why does anyone use American Express?
Replies: 146
Views: 22025

Re: Anyone switch to non-branch banking?

I primarily use Ally and keep an account at a local credit union, however, I've never needed the credit union account before except a handful of times where I wanted to deposit some cash. Between my wife and I (personal and joint) we have 4 different Ally checking accounts, each with a separate debi...
by jimmyrules712
Mon Jun 23, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 54
Views: 4329

Re: Best CC for (new) purchases

There are 4 cards that (sort of) give a flat around 2% cash back. The Fidelity Visa gives 1.5% cash back on the first $15,000 in purchases per year, then 2% after that. No annual fee. Requires opening a free Fidelty Cash Management account. https://www.applyonlinenow.com/USCCapp/Ctl/entry?sc=VABYFH#...
by jimmyrules712
Mon Jun 23, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 3127

UM/UIM Coverage Overlap with Health Insurance

I have a pretty basic question about UM/UIM insurance. I'm trying to better understand how much I would benefit from UM/UIM and how it overlaps with other insurance coverages (like health). When someone has health insurance and UM/UIM coverage and gets hit by an uninsured driver does the UM/UIM cove...
by jimmyrules712
Mon Jun 09, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: UM/UIM Coverage Overlap with Health Insurance
Replies: 1
Views: 112

Re: Vanguard is number one!

In January I got my first exposure to a Vanguard 401k. I'm happy to have access to the index funds I want, but their website (run by a third party, Ascensus) leaves something to be desired. Viewing my transaction history requires Java or ActiveX, which with the explosion of tablets and mobile devic...
by jimmyrules712
Mon Jun 09, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard is number one!
Replies: 15
Views: 2319

Re: Umbrella excess liability policy

....emotionally based decisions. Some of us are emotionally attached to our children, grandchildren and other loved ones in our lives. We want them to be as comfortable as possible in the event of adversity. And yes, sometimes that entails financial considerations. When someone pitching insurance t...
by jimmyrules712
Thu May 29, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19232

Re: Umbrella excess liability policy

I'm responding just to say that I too am unsure how much of an umbrella policy (and UIM) makes sense. Statements like "buy as much as you can afford" or "buy as much as you need to sleep at night" are not very helpful. I can afford to spend 75% of my income on insurance if I need...
by jimmyrules712
Wed May 28, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella excess liability policy
Replies: 103
Views: 19232

Re: Fidelity vs. Vanguard

Vanguard's mission is to minimize costs, which is mostly good for consumers, but that model also minimizes customer services. Fidelity mission is to maximize profits, partly by winning over as many customers as possible. Their model is probably going to result in better customer service (along with ...
by jimmyrules712
Fri May 23, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity vs. Vanguard
Replies: 75
Views: 7941

Re: Life Insurance Term Length; 20 vs 30

One thing you should consider is to get two terms, one with 20 year and another with 30 years. For example you can get $500K for 20 years and another $500K for 30 years, or $750K and $250K. This may turn out to be less expensive than a single 30 year term. The reasoning is that, unless you absolute...
by jimmyrules712
Wed May 21, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Term Length; 20 vs 30
Replies: 9
Views: 562

Re: Life Insurance Term Length; 20 vs 30

What is your height and weight? One company in particular has very liberal height/weight tables. 6 ft 1 ", 250 lbs. The broker I've been working with has already tried to get me the best rates possible with my height/weight. The 30 year quote is with Principal and the 20 year is with Genworth ...
by jimmyrules712
Wed May 21, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Term Length; 20 vs 30
Replies: 9
Views: 562

Re: Life Insurance Term Length; 20 vs 30

If you were to die 20 years from now, what do you estimate your portfolio value* would be compared to the million dollar life insurance? *Be sure to use non-inflation adjusted return rates since that million won't adjust for inflation. It's hard to really know. Right now it is about $100k. In 20 ye...
by jimmyrules712
Wed May 21, 2014 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Term Length; 20 vs 30
Replies: 9
Views: 562

Life Insurance Term Length; 20 vs 30

I'm in the process of applying for term life insurance and would like to hear opinions on which option makes more sense for me. I'm in my late twenties, married with no kids yet, but we're hoping to get pregnant within the next year. Relatively good health except being over weight, nonsmoker. All qu...
by jimmyrules712
Wed May 21, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Term Length; 20 vs 30
Replies: 9
Views: 562

City Driver Hit My New Car. Diminished Value Advice?

I bought a new 2014 Ford Escape in October 2013 for about $29,000. In February this year an undercover police officer sideswiped me and caused about $5,000 in damage. A police report was filed showing the other driver at fault. Because it was a "city employee" the other drive didn't have n...
by jimmyrules712
Mon May 19, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: City Driver Hit My New Car. Diminished Value Advice?
Replies: 33
Views: 3126

Re: independent contractor - solo 401k or SEP IRA?

I investigated this subject recently. I could not find any convincing reasons to go with SEP IRA. As far as I can tell, since solo 401k's came into existence SEP IRAs don't really have a purpose.
by jimmyrules712
Thu May 15, 2014 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: independent contractor - solo 401k or SEP IRA?
Replies: 11
Views: 677

Re: How Much Uninsured Motor Vehicle Insurance?

I'm paying a whopping $6.30 / month for Uninsured and $21.56 / month for Underinsured, for a total of $27.56/month or $334.32 / year, both for 250/500. I wonder why the Underinsured is so much more costly than the Uninsured? Anybody know why this would be? I'm guessing a lot more people are conside...
by jimmyrules712
Tue May 13, 2014 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

$195 per 6 months is about the same that I'm paying for $500k/$500k of liability on one vehicle. It seems crazy for UM to cost the same as liability. Interesting. My BI coverage costs more than 3x as much as my UMBI. I wonder if the weirdness you're seeing is a quirk of your insurer. Not that it co...
by jimmyrules712
Tue May 13, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: ACA/ObamaCare Problems - HSA-Compatible Plans

Prior to implementation of ACA, my wife and I had individual policies that were great. I had an HSA-compatible plan and she had a traditional plan. On 31 December, these plans ended because Blue Cross/Blue Shield of Georgia no longer offered them. I was forced to select a new plan. In doing so, I c...
by jimmyrules712
Tue May 13, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA/ObamaCare Problems - HSA-Compatible Plans
Replies: 18
Views: 1276

Re: How Much Uninsured Motor Vehicle Insurance?

Wow, $195 per 6 months for two vehicles? Like you mentioned, it must be due to the large number of uninsured drivers in Oklahoma. I am in Virginia and pay $30 per 6 months for one vehicle, and that covers the $300k/$500k for UM/UMBI/UMPD. At that price, I don't spend any time worrying about the fin...
by jimmyrules712
Tue May 13, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

I've had a couple of uninsured claims for accidents with uninsured motorists. Fortunately, no injuries but cars were totaled. My insurance company paid promptly (without me having to sue) under the UM coverage. There was a standard $250 deductible withheld from my payout. They then pursued the unin...
by jimmyrules712
Tue May 13, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

I've had a couple of uninsured claims for accidents with uninsured motorists. Fortunately, no injuries but cars were totaled. My insurance company paid promptly (without me having to sue) under the UM coverage. There was a standard $250 deductible withheld from my payout. They then pursued the unin...
by jimmyrules712
Tue May 13, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

Since I have good disability, health, and life insurance already I also don't feel a need for the coverage for myself. What if you were paralyzed and needed help to shower or use the bathroom? What if your wife wasn't strong enough to bathe you even if she wanted to? Would medical insurance pay for...
by jimmyrules712
Tue May 13, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

As calloused as this sounds, I don't feel a moral obligation to pay for UM insurance just so that any potential passengers outside of my family who may not have health insurance would be covered. Since I have good disability, health, and life insurance already I also don't feel a need for the covera...
by jimmyrules712
Mon May 12, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: Start an Investment Company

Do you know that this forum as a whole is against stock picking and believes index investing is superior? You're not going to get many responses supportive of what you're proposing.
by jimmyrules712
Mon May 12, 2014 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Start an Investment Company
Replies: 33
Views: 2463

Re: How Much Uninsured Motor Vehicle Insurance?

Keep in mind that your health insurance will not cover your for non-medical losses such as pain and suffering as well as lost wages. furthermore, if your state does not offer no-fault (Oklahoma does not offer it), you can't go to that coverage to recover any of those non-medical losses (No-fault wo...
by jimmyrules712
Mon May 12, 2014 8:43 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

Thoughts? Uninsured Motor Vehicle Insurance is a scam. Drop it. It covers the uninsured and the insurance company - not you. Your other coverages cover you. Read the policy. When you drop it, they will put-up a big stink and demand you sign a waiver. Do so. This is of course, you don't live in a st...
by jimmyrules712
Mon May 12, 2014 1:27 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: How Much Uninsured Motor Vehicle Insurance?

Keep in mind that uninsured motor vehicle insurance is for when the other driver is at fault but has no insurance. In this situation I don't think we'd be liable for any injuries to occupants of our vehicle. Extra umbrella coverage only helps with liability, which I have the max if and do not plan t...
by jimmyrules712
Sun May 11, 2014 11:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

How Much Uninsured Motor Vehicle Insurance?

I'm currently paying almost $1,100 per 6 months to insure 2 vehicles with maximum full coverage and maximum Uninsured Motor Vehicle coverage and would like to reduce the cost if possible. We have loans on both vehicles (something else I'm working on fixing) so full coverage is currently mandatory. T...
by jimmyrules712
Sun May 11, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Uninsured Motor Vehicle Insurance?
Replies: 55
Views: 2691

Re: Are Tornado Shelters Worth the Cost?

From the research I've done, most concerns stated of both above or below ground shelters are non-issues with a good shelter company. I don't really have concerns about either option not working. The GOOD below ground options I've seen have some type of electric jack (powered by some kind of battery)...
by jimmyrules712
Sat May 10, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Are Tornado Shelters Worth the Cost?
Replies: 52
Views: 3689

Re: Are Tornado Shelters Worth the Cost?

How effective are "above ground" tornado shelters? Some of the photos of "after the tornado" don't look too much like anything above ground did very well. I was in Oklahoma for business when a bunch of tornados ripped through the city. It was spooky to watch the weather channel,...
by jimmyrules712
Fri May 09, 2014 11:42 am
 
Forum: Personal Consumer Issues
Topic: Are Tornado Shelters Worth the Cost?
Replies: 52
Views: 3689

Are Tornado Shelters Worth the Cost?

I live in Oklahoma and obviously we are known for tornadoes. Due to our local geology houses in my city do not normally have basements. These days more and more people are spending between $5,000 and $10,000 to have above ground tornado shelters installed (normally in the garage or something like th...
by jimmyrules712
Fri May 09, 2014 11:17 am
 
Forum: Personal Consumer Issues
Topic: Are Tornado Shelters Worth the Cost?
Replies: 52
Views: 3689

Re: eBook Readers and EPUB files?

As someone else said, some librarys provide both kindle formats and epubs. Check yours before you buy. A few years ago I bought a Nook ereader for the same reasons, primarily that I wanted epub compatibility for lirbary use. Turns out I only rented from the libary a few times (they didn't often have...
by jimmyrules712
Thu May 08, 2014 2:15 pm
 
Forum: Personal Consumer Issues
Topic: eBook Readers and EPUB files?
Replies: 22
Views: 1289

Re: I like the investment strategy , not really the lifestyl

I think there is a tendency for the most extreme savers to be the most active on a finance message board like this and that is what you are seeing. There are lots of semi-active people like me that agree with the investment philosophy, and agree in principal that saving for retirement is important, ...
by jimmyrules712
Thu May 08, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 6620

Re: Contributions Priority With Solo 401k

You did not indicate whether she is a sole proprietor or has an S-Corp. Normally a 1099 indicates a sole proprietor, because a company employing an S-Corp does not need to issue a 1099 and should be paying Corp-to-Corp. Employee deferrals are subject to SE Tax(solo proprietor)/FICA(S-Corp), just li...
by jimmyrules712
Wed May 07, 2014 9:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Contributions Priority With Solo 401k
Replies: 9
Views: 400

Re: Contributions Priority With Solo 401k

You did not indicate whether she is a sole proprietor or has an S-Corp. Normally a 1099 indicates a sole proprietor, because a company employing an S-Corp does not need to issue a 1099 and should be paying Corp-to-Corp. Employee deferrals are subject to SE Tax(solo proprietor)/FICA(S-Corp), just li...
by jimmyrules712
Wed May 07, 2014 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Contributions Priority With Solo 401k
Replies: 9
Views: 400

Re: Contributions Priority With Solo 401k

I think I am about to learn something. Why do you think a solo 401k contribution reduces FICA? My understanding is that the employer contribution (ALso referred to as the prof sharing contribution) is tax deductible for the business, and thus reduces the income paid to the employee (thus reducing F...
by jimmyrules712
Tue May 06, 2014 11:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contributions Priority With Solo 401k
Replies: 9
Views: 400

Contributions Priority With Solo 401k

My wife is switching to 1099 contractor soon and I plan to open a solo 401k for her. Currently we cannot afford to use up all of our tax advantaged space so I'm trying to make sure I choose the most advantageous order of contributions. First some facts. 1. My 401k is with vanguard and has very good ...
by jimmyrules712
Tue May 06, 2014 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contributions Priority With Solo 401k
Replies: 9
Views: 400
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