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Re: Limited-pay whole life policies

That changes long term gains into income taxed instead of capital gains in addition to all those fees (which id say even including active management isnt necessary). Most of the annuities are IRA & ROTH so it's ordinary or after-tax income. I'm kinda hoping for a small 25% correction in 2016. H...
by tj
Fri Dec 19, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 699

Re: Do you travel with friends in retirement?

For friends, I meant those people whom we play cards or have party with on weekends. We do meet new people on travels, but they will be forgotten after the travel. It seems to be difficult to have new friends after certain ages. I tend to go on tours with other solo travelers, and several of them h...
by tj
Thu Dec 18, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Do you travel with friends?
Replies: 41
Views: 3096

Re: Selling your old cell phone for cash

i also keep phones too long for them to be worth anything. i think sellcell had my droid 2 at 75 cents.
by tj
Tue Dec 09, 2014 5:52 am
 
Forum: Personal Consumer Issues
Topic: Selling your old cell phone for cash
Replies: 19
Views: 1605

Re: Term Life - Principal Financial good company?

have an agent shop your medical history to multiple insurance companies.
by tj
Mon Dec 08, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life - Principal Financial good company?
Replies: 6
Views: 421

Re: How to access equity in my coop apartment?

I'm not sure that you can as with a coop you own a portion of a stock company rather than real estate. I hope someone more knowledgeable about this situation chimes in.
by tj
Fri Nov 28, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to access equity in my coop apartment?
Replies: 6
Views: 991

Re: The Three Fund Portfolio

We would like to simplify our investments but we have some substantial unrealized CG in our taxable stock mutual fund holdings. Michigan also adds another 4.25% state tax on any CG. Our Fed tax bracket is 15% and we are both retired (age 55 and 62). Is there a workable strategy to accomplish this 3...
by tj
Wed Nov 19, 2014 5:01 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 969
Views: 412723

Re: How often do you go out to dinner?

ivyhedge wrote:
tennisplyr wrote:
poker27 wrote:too often, but we enjoy it. .


From NY but love Lou Malnati


In Boston but also love Lou Malnati!


Everyone loves Lou Malnati. Best pizza in Chicago. I'm in California.
by tj
Wed Nov 19, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: How often do you go out to dinner?
Replies: 60
Views: 5628

Re: How often do you go out to dinner?

I usually go to a full-service restaurant for dinner once per week; my girlfriend and I take turns paying. I also go to Chipotle one night per week by myself, but I'm not sure if that counts as going out for dinner in the traditional sense. I usually have a big lunch 3-4 days per week, meaning that...
by tj
Tue Nov 18, 2014 6:13 pm
 
Forum: Personal Consumer Issues
Topic: How often do you go out to dinner?
Replies: 60
Views: 5628

Re: How often do you go out to dinner?

Eating out doesn't have to be expensive. I went from cooking every single meal (in grad school) to eating out every single meal (both weekdays and weekends, lunches and dinners). The difference is $175 on most months. I actually wished I had cooked less and used the time to do other things now. I s...
by tj
Tue Nov 18, 2014 6:12 pm
 
Forum: Personal Consumer Issues
Topic: How often do you go out to dinner?
Replies: 60
Views: 5628

Re: 18 and Need Help Starting

Oh it's definitely possible and some people manage to do it, but it requires earning a solidly above-average income and cutting back expenses to the bare minimum. If you could average $80k per year in income and somehow manage to live on $12-15k, save the rest, and luck into 10% returns over that t...
by tj
Tue Nov 18, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting [Classroom research assignment]
Replies: 67
Views: 4845

Re: 18 and Need Help Starting

This seems like an unusual assignment! I would say that retiring at 32 seems overly optimistic for just about anyone.
by tj
Tue Nov 18, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting [Classroom research assignment]
Replies: 67
Views: 4845

Re: How often do you go out to dinner?

I go out to eat every meal*, but it's nothing luxurious.

* I will occasionally have clif bars or cereal for breakfast - the rare meal at "home".

Cooking for one seems difficult without waste, plus I'd rather spend the free time on bogleheads.
by tj
Mon Nov 17, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: How often do you go out to dinner?
Replies: 60
Views: 5628

Re: Online Entrepreneur Courses?

I'd like to take the courses online because I live in TX and I'm looking for a school that has a higher cost of attendance to help with using the 529 account funds. I am confused by this part. Why would you spend more simply to avoid the penalty? Couldn't you move the excess 529 funds to one of you...
by tj
Mon Nov 17, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Entrepreneur Courses?
Replies: 2
Views: 373

Re: "Why Bother With Bonds" -- A Gem

I think a small allocation to bonds is good even for the young aggressive investor. Just a 10% allocation will have a significant effect on portfolio efficiency and probably more importantly instill disciplined behavior in the investor. Way easier to stick with a plan when one has bonds to use for ...
by tj
Sun Nov 16, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: "Why Bother With Bonds" -- A Gem
Replies: 33
Views: 8854

Re: car sensor showing TPMS sign

TPMS light means your sensor died. It happeened to me on Civic for front right, and a few weeks later, front left. I wan ot say they were $150 each. You do not have to replace a tire if the TPMS light comes on. Of course you could drive ignore it, but then you won't be alerted when the tire with the...
by tj
Sun Nov 16, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: car sensor showing TPMS sign
Replies: 26
Views: 1877

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I stick iwth TurboTax because it has my depreciation data from my rental property. Will that easily import into H&R?
by tj
Sun Nov 16, 2014 1:07 am
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 140
Views: 16750

Re: Robot Rebalancing at Vanguard?

I assume from the posts about rebalancing one's account that Vanguard doesn't offer robot rebalancing of the assets within a client's individual account. Can anyone confirm that faster than it will take me to review Vanguard's site and then call them if I don't see anything? Thanks. As was stated b...
by tj
Fri Nov 14, 2014 11:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Robot Rebalancing at Vanguard?
Replies: 10
Views: 1372

Re: Food stamps

In my state, food stamps have an asset test.
by tj
Fri Nov 14, 2014 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Food stamps
Replies: 8
Views: 1750

Re: Real estate as my "million dollar idea"

It's not passive, but it can give you an excellent hourly rate on your time. If I were 20 and not interested in a profession, but wanted a great income, this is definitely the route I would go down. When you're 40 and have the ability to trade your time for hundreds of dollars an hour, I'm not sure...
by tj
Fri Nov 14, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 7771

Re: Robot Rebalancing at Vanguard?

Vanguard has a number of funds which try and keep particular asset allocations; they mostly have "LifeStrategy" or "Balanced" in the fund name. For example, the LifeStrategy Moderate Growth fund is 60% stocks, 40% bonds. If bonds go up, they sell bonds and buy stocks to get back...
by tj
Thu Nov 13, 2014 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Robot Rebalancing at Vanguard?
Replies: 10
Views: 1372

Re: Vanguard Capital Gains

I think livesoft is confused because it is financially equivalent. It should not make a difference.
by tj
Tue Nov 11, 2014 9:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Capital Gains
Replies: 34
Views: 2697

Re: Real estate as my "million dollar idea"

Where can you get a 1BR for 22.5k?

I can retire tomorrow!
by tj
Tue Nov 11, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 7771

Re: Cash In CC Points?

ny_rn wrote:Can you purchase VISA gift cards? You can use those for everyday purchases.


Why would you purchase visa gift cards if you can get a check?
by tj
Sun Nov 09, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash In CC Points?
Replies: 22
Views: 2708

Re: Life purpose revisited

This is the most relevant to this forum. How are you supposed to figure out how much to save if you don't know what you are working and saving for? You have to find your balance of saving and spending. No different than married folks except you presumably have less obligations to take up your resou...
by tj
Sun Nov 09, 2014 9:32 pm
 
Forum: Personal Consumer Issues
Topic: Life purpose revisited
Replies: 55
Views: 8774

Re: Life purpose revisited

Josh, if you are looking for answers to apply to your own life, you need to look inward and not towards the collective opinion of other bogleheads. Besides, today's dating scene is very different from 20 or 30 years ago.
by tj
Sun Nov 09, 2014 6:22 pm
 
Forum: Personal Consumer Issues
Topic: Life purpose revisited
Replies: 55
Views: 8774

Re: USAA Cashback Rewards+ AMEX?

rooms222 wrote:They may be reacting to the 5% on gas Sams Club Mastercard. It gets 5% back on gas everywhere but Costco and BJs. Of course, an advantage to the USAA Amex is that you might be able to get 5% back at the two warehouse clubs on gas.



My experience is that costco gas does not get coded as gas.
by tj
Sat Nov 08, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: USAA Cashback Rewards+ AMEX?
Replies: 7
Views: 978

Re: The Three Fund Portfolio

For a 3 fund portfolio, how do we know if it contains the right mix of small, mid and large caps? For eg. I have VTSAX, if I am correct it has 65 % Large cap, 28 % Mid -cap and 7% Small cap. If I follow three fund portfolio, how do I know, 1) 7% small cap is right for me? 2) How does the fund itsel...
by tj
Sat Nov 08, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 969
Views: 412723

Re: Uber Car and the real cost of driving

Last night someone told me the uber drivers make $26/hr. I'm in Coastal Southern California.
by tj
Fri Nov 07, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Uber Car and the real cost of driving
Replies: 32
Views: 2967

Re: What To Do With $85K Inheritance?

I'm not understanding the suggestion to pay off the 2% car loans. Unless your tax-adjusted interest rate on your real estate is less than 2%, that just doesn't make sense to me. Someone mentioned that the auto loans are unsecured. They are not. -Increase Cash Flow -Eliminate Debt -Simplify -Many pe...
by tj
Thu Nov 06, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do With $85K Inheritance?
Replies: 46
Views: 2851

Re: What To Do With $85K Inheritance?

I'm not understanding the suggestion to pay off the 2% car loans. Unless your tax-adjusted interest rate on your real estate is less than 2%, that just doesn't make sense to me. Someone mentioned that the auto loans are unsecured. They are not.
by tj
Thu Nov 06, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do With $85K Inheritance?
Replies: 46
Views: 2851

Re: PenFed Visa card for Gas program changing, now with a fe

Drain wrote:I was told by a CS rep several months ago that they no longer required any sort of additional qualifying account in order to keep the 5% on gas in force.



The $25 fee is listed right on their website.
by tj
Wed Nov 05, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 30519

Re: What To Do With $85K Inheritance?

Since you see this as separate $ and would like to keep it as such, I would pay down the 5.13% rental property (assuming that was a pre-marital asset.) With your income though, I would get rid of the 0% credit card as soon as feasible. The car loan rates are dirt cheap for a fixed period, no reason ...
by tj
Wed Nov 05, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do With $85K Inheritance?
Replies: 46
Views: 2851

Re: What To Do With $85K Inheritance?

Meg, How did you get rates so low on your rental properties? Did they all originate as primary residences?
by tj
Wed Nov 05, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do With $85K Inheritance?
Replies: 46
Views: 2851

Re: Dish Network and CNN

They gave me 3 free months of Starz/Cinemax.
by tj
Wed Nov 05, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Dish Network and CNN
Replies: 6
Views: 713

Re: Roll Call for the Retirement Class of 2015!

Are there 'fun' 'active' 'adult' communities? I guess I'm asking if there are products tailored to those 45-65 specifically who have ER'ed


If there's not, develop one and you can retire sooner! ;-)
by tj
Tue Nov 04, 2014 6:28 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2015!
Replies: 25
Views: 2317

Re: What to do with a million

livesoft wrote:^ So you would not let your SS benefits grow by not touching them? The only difference I see between letting your money grow and letting your SS benefits grow is that the latter is guaranteed. That guarantee is worth something.



It's only guaranteed if you live to 70! ;-)
by tj
Tue Nov 04, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with a million
Replies: 26
Views: 3887

Re: Peer to peer lending as a investment

Is it easy to import the information to TurboTax? It seems like it would get frustrating to have so many different micro-loans.
by tj
Tue Nov 04, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: Peer to peer lending as a investment
Replies: 22
Views: 1998

Re: Homeowners Policy Increased 26% in 2 Years

I shop it around every year, but everything is more expensive than my existing policies with USAA. I'm not seeing these teaser rates everyone else talks about. In California.
by tj
Tue Nov 04, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Homeowners Policy Increased 26% in 2 Years
Replies: 29
Views: 2614

Re: First House Question

At your age, I wouldn't pay cash. You can better the mortgage cost by investing, so I would do that with the rest after paying 50% down as suggested above. For folks a few decades older, paying off the house is necessary. But especially since you've been prudent so far about saving, there's no reas...
by tj
Mon Nov 03, 2014 6:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: First House Question
Replies: 23
Views: 2132

Re: Retirement planning

Dont worry abotu saving for a home until you get married. Kill the debt that you have already, don't add more to it.
by tj
Sun Nov 02, 2014 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement planning
Replies: 37
Views: 3108

Re: Is $700,000 enough to retire? Opinions please .

The average SS monthly check is now $1,262 for someone 65 or older. That does include some people who took SS early, and some people who did not contribute much to SS during their working life, but $2000/month sounds a bit high for someone taking SS at 65. I would guess that one would need to wait ...
by tj
Sun Nov 02, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 86
Views: 12623

Re: Total World Fund - Under appreciated?

What appeals to me about total world is the lack of need of checking the portfolio and rebalancing. This could also be achieved with using funds such as Balanced Index, Tax Managed Balnaced, a LifeStrategy fund and being content with their allocations. I feel like if I used one diversified fund, I'd...
by tj
Fri Oct 31, 2014 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total World Fund - Under appreciated?
Replies: 26
Views: 3038

Re: When Capital gains are paid out on a fund does the share

Thanks everyone for helping me understand. There are a couple of non index funds I like but this point drives me crazy about them. You can get big tax bill and nothing to show for it. Also they might no have capital gains for several years then have a huge gain one year causing you to have a big ta...
by tj
Fri Oct 31, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: When Capital gains are paid out on a fund does the share
Replies: 18
Views: 1222

Re: Strategy of 6M trusts meeting tonight. Few Q's

That thought has occurred to me... For anyone who has worked with Rick - does his firm act as broker/agent? What brokerage do they use? I'd like some details. I certainly want a LOT more information before I make any additional moves. Have not worked with them, but they use Schwab. All info is here...
by tj
Fri Oct 31, 2014 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Strategy of 6M trusts meeting tonight. Few Q's
Replies: 64
Views: 6081

Re: What to do with 5M?

Well, yeah, because the vast majority of people don't have more than $17,500 (or even $5,500 in IRA) per year to invest. Thank you - this really helps a lot - obvious to the vast majority I'm sure but wasn't obvious to me! That does not mean you need to avoid Vanguard Total Bond fund, its just that...
by tj
Thu Oct 30, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 27
Views: 2847

Re: Should I buy a New Car?

denovo wrote:OP, I hope you are not taking your car to the dealership aka stealership for your repairs.


Where would you suggest taking it?
by tj
Thu Oct 30, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy a New Car?
Replies: 21
Views: 1631

Re: Vanguard Variable Annuity Costs

We are planning on doing this for our children with at least some money. The cost of the variable annuity structure adds some to the ER. Vanguard VA ER while higher than direct funds are still extremely good and much lower than most other regular funds. The realized cost could still be lower than t...
by tj
Thu Oct 30, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 933

Re: Possible Relocation to San Francisco - Advice?

We enjoy our walkable neighborhood, but getting used to things like seeing homelessness and not driving would certainly be new!


I thought all major cities were like this! Is Dallas not? Perhaps I need to consider Dallas!? :)
by tj
Wed Oct 29, 2014 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to San Francisco - Advice?
Replies: 23
Views: 1669

Re: What online banks do you like for savings or MMA?

If you are Veteran look at Navy Federal CU or PENFED CU. They pay next to nothing - might as well stick with Chase or something like that. I have used Alliant Credit Union for over four years. The web interface is a bit dated, but they have a decent interest rate and it actually increased recently.
by tj
Wed Oct 29, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: What online banks do you like for savings or MMA?
Replies: 44
Views: 3152

Re: Possible Relocation to San Francisco - Advice?

I thought you wanted to move to Chattanooga? I would never be happy in SF. Too crowded and too expensive. :)
by tj
Wed Oct 29, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to San Francisco - Advice?
Replies: 23
Views: 1669
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