Search found 3302 matches

Return to advanced search

Re: Selling a home - 1st timer

As jfn111 advised, do all the cosmetic things that do not cost too much. Paint is not expensive. A few hundreds of dollars on appearance issues can get you thousands more when you sell. I would avoid any major renovations. They generally will not pay for themselves. The best way to find an agent is ...
by jsl11
Thu Jan 22, 2015 11:18 pm
 
Forum: Personal Consumer Issues
Topic: Selling a home - 1st timer
Replies: 24
Views: 1874

Re: Question: Will Candles Heat up a Cold Room?

No. There is not enough heat generated by a few candles to do that.
Jeff
by jsl11
Thu Jan 22, 2015 11:07 pm
 
Forum: Personal Consumer Issues
Topic: Question: Will Candles Heat up a Cold Room?
Replies: 21
Views: 1667

Re: Checklist for buying a new car

The last time I bought a car, the sales agreement included a clause specifying arbitration and I would be giving up my right to sue them. Although I have never sued anyone, and have no expectation of suing a car dealer, I objected to giving up my legal rights. They insisted that I could not cross ou...
by jsl11
Wed Jan 21, 2015 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Checklist for buying a new car
Replies: 21
Views: 1761

Re: What age did you pay off your "forever" home

We did not have a "forever home". We had a nice starter home, paid it off in 20 years, and lived there for 35 years. We then moved to our retirement home. By avoiding an extravagant home during our accumulation years, we were able to save more for retirement.
Jeff
by jsl11
Wed Jan 21, 2015 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you pay off your "forever" home
Replies: 52
Views: 3988

Re: Asset allocation & taxes

Some people adjust for taxes, and some do not bother. It's your money and your choice. You get to do what seems right for you.
Jeff
by jsl11
Tue Jan 20, 2015 2:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation & taxes
Replies: 7
Views: 642

Re: RMD withdrawals.

Having gone back and forth in my thinking about the best timing for RMD's from a strictly financial point of view, I was persuaded by a different voice -- my wife -- who said she really wants to get a "monthly paycheck" to regulate our household spending during the year. Having gone back ...
by jsl11
Mon Jan 19, 2015 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 38
Views: 2547

Re: RMD withdrawals.

minesweep wrote:Now if only I could have it done for the state as well.

Vanguard will withhold for some states and not others. They will not withhold for my state and I complain to them about that. You may want to do the same. Perhaps with enough complaints, they will allow withholding for any state.
Jeff
by jsl11
Sun Jan 18, 2015 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 38
Views: 2547

Re: When is it tax loss harvesting...

If you sell "when the market is down", you will also be reinvesting "when the market is down". So, the state of the market cancels itself out. Selling after the market drops is bad when you do not reinvest the money. In that case, you would be locking in your losses.
Jeff
by jsl11
Sun Jan 18, 2015 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: When is it tax loss harvesting...
Replies: 9
Views: 895

Re: Does 3-funds offer higher returns or lower risk?

Are people adding this fund as a way to offer less risk and therefore (likely) less returns to their overall portfolio? I would suggest your premise is wrong. Diversification is a kind of "free lunch". It is possible to have less risk and greater returns. Of course, this depends on your d...
by jsl11
Sun Jan 18, 2015 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Does 3-funds offer higher returns or lower risk?
Replies: 30
Views: 2568

Re: What is a good rule of thumb on savings vs salary?

I read Millionaire Next Door years ago, thanks for bringing that up......I remember that now. By salary, do you think they meant base only? No. You don't want to live based on bonuses, and then retire with assets based on base salary. It does not matter what your income is called. Dollar bills do n...
by jsl11
Sat Jan 17, 2015 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is a good rule of thumb on savings vs salary?
Replies: 19
Views: 2795

Re: How would you respond?

Don't mean to sidetrack the thread but knowing who you are talking to could help fabricate a response. Does anyone know who makes up these committees? Are they appointed by company management, or maybe volunteers? Do they know much of anything about investing? How do they decide what funds to add? ...
by jsl11
Sat Jan 17, 2015 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: How would you respond?
Replies: 25
Views: 2886

Re: Short term bonds in rising interest rates?

What if you do not need the money until you start your RMD's in 8 years and your bond funds will be the main source of the RMD's?Foolish to have it in short term in this case? You could hold intermediate bonds/funds for 5 years or so. Once RMDs start, you will not be using all of the money within a...
by jsl11
Fri Jan 16, 2015 1:10 am
 
Forum: Investing - Theory, News & General
Topic: Short term bonds in rising interest rates?
Replies: 26
Views: 2559

Re: This topic is causing stress in marriage we need some he

You should be aware that any new charges on your credit card start accruing interest from the day of purchase. If you continue to make new purchases on the card, it can be very difficult to reduce the balance. So, instead of continuing to charge new purchases, change to a cash only system. If you do...
by jsl11
Thu Jan 15, 2015 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: This topic is causing stress in marriage we need some help
Replies: 81
Views: 7522

Re: How would you respond?

You can also point out that a passive bond fund does not have to be heavy in treasuries. Vanguard offers a corporate bond index fund. There are lots of choices available when it comes to index funds.
Jeff
by jsl11
Thu Jan 15, 2015 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: How would you respond?
Replies: 25
Views: 2886

Re: New retirement home timing

We had a similar situation. I was retired, but my wife was not. We just went to the bank and asked how best to do it. We were told we could get a mortgage on either house. We also showed some financial statements to the loan officer. We got the mortgage on the new house. My lack of employment was ne...
by jsl11
Thu Jan 15, 2015 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: New retirement home timing
Replies: 5
Views: 545

Re: Leaving job, 401k options

If you put the money in an IRA at Fidelity, you will have access to all of Fidelity's funds. Be sure to stay in their low cost funds and avoid their many expensive ones.
Jeff
by jsl11
Wed Jan 14, 2015 2:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving job, 401k options
Replies: 14
Views: 1274

Re: Short term bonds in rising interest rates?

The problem with short duration bonds/funds is the yield is very small while you are waiting for rates to climb. If rates climb soon, it would be worthwhile to wait to extend duration. If rates do not climb soon, you are paying a price for the "insurance" against rising rates that did not ...
by jsl11
Wed Jan 14, 2015 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: Short term bonds in rising interest rates?
Replies: 26
Views: 2559

Re: How would you put a value on a pension?

I cannot see how there could be a formula to determine the pension value. The obvious problem is that the value of the pension depends on how long you stay in the job. If you leave after a few years, it may not be worth anything. If you stay to retirement, it can be worth a lot. As you say, you need...
by jsl11
Wed Jan 14, 2015 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How would you put a value on a pension?
Replies: 11
Views: 1346

Re: Notice: we're closing your credit card account

Spirit Rider,
My understanding is that credit history stays on your FICO account, even if you close the card. IIRC, the history goes back ten years, whether or not the actual charge account is still open. Am I mistaken in this? Thanks.
Jeff
by jsl11
Tue Jan 13, 2015 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Notice: we're closing your credit card account
Replies: 11
Views: 2323

Re: Bond Yield and rising interest rates

Jeff, not quite sure I understand what ' I would think that the effect of foreign investing is part of the formula for US treasury bonds' means. If there is a global "flight to quality", US government bonds are widely considered to be one of the safest investments in the world. So, under ...
by jsl11
Tue Jan 13, 2015 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Yield and rising interest rates
Replies: 6
Views: 641

Re: Notice: we're closing your credit card account

I have a couple of credit cards that I ordinarily would not use. To keep them open, I use each of them every six months. If your card is closed, it will affect the percentage of credit you use each month. For example if you have 4 cards with 5K limit on each, and you charge 2K, you have a 10% credit...
by jsl11
Tue Jan 13, 2015 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Notice: we're closing your credit card account
Replies: 11
Views: 2323

Re: 401k rollover

If you want an allocation of 50% stock, 50% bonds, and no international stock, it is an excellent plan.
Jeff
by jsl11
Tue Jan 13, 2015 1:55 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover
Replies: 1
Views: 250

Re: Why not just let cash be cash?

How much interest will it earn there?
by jsl11
Mon Jan 12, 2015 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why not just let cash be cash?
Replies: 27
Views: 2508

Re: Bond Yield and rising interest rates

I would think that the effect of foreign investing is part of the formula for US treasury bonds. For corporate bonds, not so much. For muni bonds, not at all. However, whatever the effect, it is part of a combination of factors that when all put together, determine what rates are. So, the extent of ...
by jsl11
Mon Jan 12, 2015 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Yield and rising interest rates
Replies: 6
Views: 641

Re: Planning Tax Withholding As Newlyweds - Spouse self-empl

If you can determine how much to withhold for her, the easiest method is to just increase your withholding. Then there is nothing more to do. If you stay with at least the safe harbor amount (100% or 110% of last year's taxes), then penalties will not apply. You can file quarterly estimates for her ...
by jsl11
Mon Jan 12, 2015 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Planning Tax Withholding As Newlyweds - Spouse self-employed
Replies: 5
Views: 329

Re: Deadline for Backdoor Roth Contributions

You don't contribute to a backdoor Roth. You contribute to a traditional IRA, then convert to a Roth. It is a 2-step process. The deadline for the contribution is April 15. The conversion has no deadline, although most prefer to convert immediately to avoid taxable gains while the money is in the TR...
by jsl11
Mon Jan 12, 2015 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deadline for Backdoor Roth Contributions
Replies: 7
Views: 484

Re: Purchase New House Before Selling Old

We have purchased a new home prior to selling our old house by taking a temporary loan from our IRA's and putting it all back within 60 days. Luckily our old house sold within that time frame but we could have accessed a different IRA for another 60 days if our house had not sold. Our only "co...
by jsl11
Sun Jan 11, 2015 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchase New House Before Selling Old
Replies: 17
Views: 998

Re: Purchase New House Before Selling Old

We had the same situation. We had difficulty finding a house we wanted to move to. When we finally found it, we put the old house up for sale. However, we had to buy the new house before the old one sold. We did not want to sell securities for the reasons you mentioned. We went to the bank and inqui...
by jsl11
Sun Jan 11, 2015 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchase New House Before Selling Old
Replies: 17
Views: 998

Re: Splitting Pre-expenses

Brian,
We always considered all money to be "ours". We never sought to try to divide it "fairly". This eliminates such problems.
Jeff
by jsl11
Sun Jan 11, 2015 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Splitting Pre-expenses
Replies: 15
Views: 1124

Re: Keeping CC Receipts

Since restaurants have moved from impact printing to thermal printing no one gets a copy of the final receipt with tip and signature. You did when you kept the yellow or pink carbon copy but today since businesses use thermal printing you get to identical receipts, customer and merchant copies, wit...
by jsl11
Sun Jan 11, 2015 6:29 pm
 
Forum: Personal Consumer Issues
Topic: Keeping CC Receipts
Replies: 45
Views: 3495

Re: Social Security and Pension Question:

If I am 67 making $95,000 from pension and SS and I need $105,000 to meet my expenses and have a $1 million 100% stock portfolio you can say my portfolio investments have more risk than a 50/50 portfolio but the risk of me not meeting my living expenses would seem to nil. It seems to me the importa...
by jsl11
Sun Jan 11, 2015 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3583

Re: CD's beat bond funds?

Of course, if it is not clear which path is best, an investor could also do "some of each". Diversification of fixed income holdings can be a good thing.
Jeff
by jsl11
Sat Jan 10, 2015 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD's beat bond funds?
Replies: 9
Views: 1588

Re: Mice in the house

Some posts have mentioned the mice stealing the peanut butter out of the traps. One time, I had a problem with mice in my office in an old factory building. Instead of peanut butter, I took a half of a peanut and wedged it in the bait pan on the trap. I caught a number of mice with that same piece o...
by jsl11
Sat Jan 10, 2015 8:23 pm
 
Forum: Personal Consumer Issues
Topic: Mice in the house
Replies: 86
Views: 5061

Re: Job Change(s)

They changed the job location, not you. That made the new job attractive, otherwise you probably would have stayed. No regrets on this decision. No way would I suffer a 4 hour commute each day. I agree. However, giving notice via email is not usually a good idea. If your immediate supervisor is not...
by jsl11
Sat Jan 10, 2015 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Change(s)
Replies: 10
Views: 1308

Re: Mice in the house

Since you have a cat, it would seem that traps are not necessary. Cats are very good at controlling mice.
Jeff
by jsl11
Sat Jan 10, 2015 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Mice in the house
Replies: 86
Views: 5061

Re: Social Security and Pension Question:

You have the ability to take risk. However, you have no need to take much risk. What is your objective? Is it to amass as much wealth as you reasonably can, or is it to preserve what you have. How would you feel if your investments doubled in size? Compare that to how you would feel if they were cut...
by jsl11
Sat Jan 10, 2015 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3583

Re: Can I Deposit a Check for Someone Else in Their Account?

Once direct deposit is set up, it works well. This is usually true. However, you always have to verify things. One time, after 3 years on the job getting my pay check deposited directly, I received a call from the HR department. My bank has bounced the direct deposit of my pay check. Of course, I h...
by jsl11
Fri Jan 09, 2015 3:50 pm
 
Forum: Personal Consumer Issues
Topic: Can I Deposit a Check for Someone Else in Their Account?
Replies: 27
Views: 2237

Re: House buying protocols

If you make an offer and it is refused, you do not need to pay for the appraisal. If you pay for the appraisal first, you offer may still be refused, and then you are out the cost of having the appraisal done. No sense spending money until you need to.
Jeff
by jsl11
Thu Jan 08, 2015 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: House buying protocols
Replies: 13
Views: 1605

Re: Should We Stay Or Should We Go?

Watty wrote:Why not look to see what other houses are available?

You might be able to find something that works better for you than either of the houses.

This is what I was thinking. You like the old house and you like the new area. Why not sell both houses and get a better house in the new area?
by jsl11
Wed Jan 07, 2015 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should We Stay Or Should We Go?
Replies: 33
Views: 4095

Re: Humidifiers

Since you still have the Aprilaire unit in place, it seems all you would need to do is put a new pad in it and turn on the water. You could try it and see how you like it. Your new meter will also show you how well it works.
Jeff
by jsl11
Wed Jan 07, 2015 9:30 pm
 
Forum: Personal Consumer Issues
Topic: Humidifiers
Replies: 25
Views: 2804

Re: Where to find career help for clueless 40+ person

I can share three ideas: 1. If he has a college degree, his college/university may have a placement department that can assist alums. 2. In my area, one branch of the county library system specializes in career resources. You cannot find those resources at any of the other branches. So, you need to ...
by jsl11
Wed Jan 07, 2015 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Where to find career help for clueless 40+ person
Replies: 3
Views: 777

Re: Rolling over fiance's old 401(k)

It looks like those are dividends on the holdings in the account. They are broken down into two categories: employee contributions and employer match. It is like two subaccounts within the account. Each subaccount pays dividends.
by jsl11
Wed Jan 07, 2015 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Rolling over fiance's old 401(k)
Replies: 2
Views: 202

Re: Poll: Do you own I Bonds?

Over a dozen years ago, thanks to this site (and Andrew Tobias) I bought as much as I could before the rates tanked. Half are at 3.0% and the balance 1.2%. I still have them, though I have not bought much since rates dropped below below 1.2% (almost 8 years ago). I believe it was Mel that was "...
by jsl11
Tue Jan 06, 2015 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you own I Bonds?
Replies: 62
Views: 5448

Re: Term life insurance decision

Since you are looking for protection for a 10 year period, would a decreasing ten year policy be less expensive? You don't need the full 400k for all 10 years. ie. after 5 years, you only need 200k.
by jsl11
Tue Jan 06, 2015 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance decision
Replies: 8
Views: 823

Re: Cancel Homeowner's Insurance?

What if a delivery man slips on your front steps and has a serious head injury that impairs him for life. He sues you and wins a judgement for the value of your house plus another one million dollars. Are you prepared to pay this?
by jsl11
Tue Jan 06, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6606

Re: Accepting counter-offer to stay at job

It is obviously inconvenient for your present employer if you leave now. However, if you decide to stay, they may feel you are no longer a loyal employee and you might leave at any time in the future on short notice. So, it may seem to them that they should start to look for your replacement now. W...
by jsl11
Mon Jan 05, 2015 7:55 pm
 
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 6622

Re: Accepting counter-offer to stay at job

It is obviously inconvenient for your present employer if you leave now. However, if you decide to stay, they may feel you are no longer a loyal employee and you might leave at any time in the future on short notice. So, it may seem to them that they should start to look for your replacement now. Wh...
by jsl11
Mon Jan 05, 2015 7:04 pm
 
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 6622

Re: Nice couches are pricey, where I can get them for less?

chip25 wrote:Anyone have any idea where I can get new foam for my couch?

Foam should be available from any upholstery shop.
by jsl11
Mon Jan 05, 2015 4:34 pm
 
Forum: Personal Consumer Issues
Topic: Nice couches are pricey, where I can get them for less?
Replies: 62
Views: 10557

Re: Financial Advisor

Some of the preceding posts speak of a "Financial Advisor". However, there are two different functions that are being blurred. One function is a Financial Planner. The other is an Investment Manager. These are two different things, and you may need one but not the other. A financial planne...
by jsl11
Sun Jan 04, 2015 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor
Replies: 12
Views: 1441

Re: Should I be slightly worried (401k bond choices)

In the long run, it probably makes little difference which bond fund you are in. Unlike stocks, they do not have huge gains or losses. The most important feature is diversification from stocks. I would use it and not worry at all.
Jeff
by jsl11
Sun Jan 04, 2015 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I be slightly worried (401k bond choices)
Replies: 19
Views: 948
Next

Return to advanced search