Search found 2489 matches

by CaliJim
Mon Apr 03, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: How do I determine what's priced into the market?
Replies: 4
Views: 545

Re: How do I determine what's priced into the market?

I assume that pretty much all the information I can get my hands on is already priced in, as well as a ton of information that I can't get my hands on. I also assume that there is no one formula that can price the market with any more accuracy than which the market can price the market. Each company...
by CaliJim
Mon Apr 03, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Is this the time to invest?
Replies: 6
Views: 906

Re: Is this the time to invest?

1st: Welcome to the forum. You've come to the right place. 2n: to answer your question: No! But I say that not because of stock market valuations. You need to start here first: https://www.bogleheads.org/wiki/Getting_started Once you have done that and followed all the getting started steps, then yo...
by CaliJim
Sun Apr 02, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Garage Door Opener issues.
Replies: 10
Views: 1261

Re: Garage Door Opener issues.

I agree with all that Frank said. $550 is reasonable, especially up where you are.
by CaliJim
Sat Apr 01, 2017 12:26 am
Forum: Personal Consumer Issues
Topic: What's your personal criteria for deciding whether or not to rent a car?
Replies: 102
Views: 4079

Re: What's your personal criteria for deciding whether or not to rent a car?

Basically, I prefer to rent cars every time I go out of town. What is your philosophy on this? I think that is a silly thing to do. I only rent if I'm flying to get there, otherwise I drive my own car. If you like giving your money away to big businesses for no good reason, great, go rent. Otherwis...
by CaliJim
Sat Apr 01, 2017 12:16 am
Forum: Personal Consumer Issues
Topic: Garage Door Opener issues.
Replies: 10
Views: 1261

Re: Garage Door Opener issues.

Have them refund the cost of the repair visit, since they repaired nothing and in fact made it worse. I think you got a fair price for the basic work they did - new opener and one remote etc. So complain politely that he should have quoted you a new installation price that included all the keypads a...
by CaliJim
Sat Apr 01, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

Re: AB Trust - Post American Taxpayer Relief Act of 2012

By including some assets of the B trust in the wife's estate (let's assume that she is the second to die), the basis can be steped up without having to transfer it to the A trust. Typically one would pick those with the most capital gains (lowest cost basis). The AB Disclaimer trust does look very ...
by CaliJim
Fri Mar 31, 2017 11:47 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8419

Re: What career helped you become wealthy?

You may find this recording & booklet: "The Strangest Secret" by Earl Nightingale - $0.99 on Kindle - and free on UTube (https://www.youtube.com/watch?v=IeaBfM3TdHQ) helpful.

It is a quick inspirational read about success in sales and life.

Many here have read it or listened to it.
by CaliJim
Fri Mar 31, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 143
Views: 7951

Re: When do you plan to die?

I use a combo of sources, and err on the high side. Social Security thinks I'll live to 83 on average, and even longer if I make it to 70. SS calculator: https://www.ssa.gov/OACT/population/longevity.html North Western Mutual Live give me a bit longer, 99, because I don't smoke, don't have hypertens...
by CaliJim
Fri Mar 31, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

Re: AB Trust - Post American Taxpayer Relief Act of 2012

[some stuff about state death taxes] Apparently, CA does not have death or inheritance taxes. https://www.legalconsumer.com/inheritancelaw/topic.php?TopicID=4&ST=CA "California residents do not need to worry about a state estate or inheritance tax, .... Currently, six states levy an inheri...
by CaliJim
Fri Mar 31, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

Re: AB Trust - Post American Taxpayer Relief Act of 2012

I believe I have been to a number of seminars here in CA when the law changed where the speakers were trying to pitch something like what you proposing.........to have the surviving spouse have the flexibility to decide. I do not remember whether it was A/B by default if no action were taken or the...
by CaliJim
Fri Mar 31, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

Re: AB Trust - Post American Taxpayer Relief Act of 2012

It allows her estate to include a portion of the B trust assets in her estate and thus receiving a step-up basis for that portion of the B trust. This power works the best in a state without death taxes (estate, inheritance, etc.) because the benefit of capital gain avoidance should not be exceeded...
by CaliJim
Fri Mar 31, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

AB Trust - Post American Taxpayer Relief Act of 2012

Hi, I'm a little slow. Other's may already be 'on' to this.... and please correct me if my understanding is incorrect...! We are in the midst of updating our AB Trust documents, which we haven't looked at in 10 years. Turns out, according to one article I read, that the 2012 ATR Act changes our need...
by CaliJim
Thu Mar 30, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 77
Views: 7483

Re: Christine Benz's Three Bucket System

You only need one bucket if it is big enough.

Save early and often.
by CaliJim
Wed Mar 29, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-Term investing?
Replies: 7
Views: 653

Re: Mid-Term investing?

Thanks guys. I have an emergency fund and I'm contributing 15% of my income to my Roth IRA and 401k. My next big purchase I want to be saving for is a house, which won't be for at least 7-10 years. I'm leaning towards a balanced mix of diversified stock and bond index funds. Here is how I suggest y...
by CaliJim
Fri Mar 24, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1141

Re: Searching for cash flow investment.

I don't think I'd be interested in buying property in Texas.

:twisted:
by CaliJim
Sun Mar 19, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: What is ideal master bedroom size?
Replies: 30
Views: 2570

Re: What is ideal master bedroom size?

Depends on layout. Google will give you lots of interesting layouts to ponder. https://www.google.com/search?q=master+bedroom+layout&source=lnms&tbm=isch&sa=X&ved=0ahUKEwi1ju2SvuPSAhXBo5QKHfOpDhgQ_AUICCgB&biw=1360&bih=864 The big home builders have been refining their layouts...
by CaliJim
Sat Mar 18, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: Shingle concerns with relatively new build *updated 4/14
Replies: 22
Views: 2132

Re: Shingle concerns with relatively new build *updated 3/17 in the bottom of original post

Glad you are looking into lawyering up and not letting them off the hook. Let us know how it turns out.
by CaliJim
Fri Mar 17, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: Buying a Storage Unit with Condo...?
Replies: 23
Views: 1592

Re: Buying a Storage Unit with Condo...?

How will you store this stuff if you don't buy the storage space? Does it have a seperate title? Can you sell the storage unit back to the association or another individual if you decide you don't need it? Can you rent it out and if so, what would the ROI be if you bought it and rented it to neighbo...
by CaliJim
Fri Mar 17, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: Shingle concerns with relatively new build *updated 4/14
Replies: 22
Views: 2132

Re: Shingle concerns with relatively new build *updated 3/17 in the bottom of original post

A good waterproof membrane on the roof is very very important. Roofs and windows are usually the first thing to fail in the structure of a house. Think of all the pictures of very old buildings with intact walls but no roof. And the failures can start with a small leak. Since you started reporting t...
by CaliJim
Fri Mar 17, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: Shingle concerns with relatively new build *updated 4/14
Replies: 22
Views: 2132

Re: Shingle concerns with relatively new build *updated 3/17 in the bottom of original post

It doesn't really cost that much to have a lawyer write a letter to Pulte. A letter from a lawyer is not as expensive as a full blown law suit, and sometime a letter from a lawyer is all you need to get satisfaction from a builder.
by CaliJim
Fri Mar 17, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 56
Views: 5433

Re: Issue With Contractor. What to do?

To the OP, I'd also appreciate an update:) OP here for updates: He did not pull any permits. He also did not show up yesterday like he was supposed to at 4:00 and has not returned multiple calls or texts since yesterday. I called the city code enforcement department and they confirmed it was a code...
by CaliJim
Thu Mar 16, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 56
Views: 5433

Re: Issue With Contractor. What to do?

Removing walls is no joke. It is possible to do serious damage to the structural integrity of the house if a bearing wall is removed. Do you know how to tell if the wall that was removed was a bearing wall? Do you know about calculating allowable beams sizes, joist spans, live loads, dead loads, she...
by CaliJim
Thu Mar 16, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: Suspicious organic products
Replies: 101
Views: 5650

Re: Suspicious organic products

in theory, the organic label is about healthy sustainable agriculture. in practice it is about marketing. local? every farm is local somewhere. buy local to reduce fossil fuel based transportation. buying local is not about organic vs conventional use of fertilizers and pesticides. chemicals? all ch...
by CaliJim
Wed Mar 08, 2017 12:56 am
Forum: Personal Consumer Issues
Topic: standing water around house
Replies: 24
Views: 2025

Re: standing water around house

Capture it. Filter it. Bottle it. Sell it. :twisted:
:sharebeer
by CaliJim
Wed Mar 08, 2017 12:52 am
Forum: Investing - Help with Personal Investments
Topic: 27 yrs old. Reading Bogleheads guide to investing. Still need help.
Replies: 24
Views: 1944

Re: 27 yrs old. Reading Bogleheads guide to investing. Still need help.

Look into the 457b plans first. You want to take advantage of any matching contributions there may be.
Then look into a Roth. I have my accounts at Schwab. Works out well.
by CaliJim
Tue Mar 07, 2017 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Child for Roth IRA
Replies: 13
Views: 802

Re: Gift to Child for Roth IRA

Thanks. (The sibling is off on his own and unfortunately is incommunicado w/ M and D.) Next question: what tax form, if any, is this reported on. I'm looking at Form 8606... but I don't see that this applies to Roth IRAs. -------------- ah...never mind.... googled it. no IRS filing needed, just pers...
by CaliJim
Mon Mar 06, 2017 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Child for Roth IRA
Replies: 13
Views: 802

Gift to Child for Roth IRA

Our DD, living at home, fresh out of college, has a 2016 AGI of $8k doing hourly work, and has hardly a penny in her name. (Yay - at least she is working, a little!) Does it make sense to gift her $5.5k, out of our copious taxable investments, and open a Roth IRA in her name, and deduct same from he...
by CaliJim
Mon Mar 06, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: 27 yrs old. Reading Bogleheads guide to investing. Still need help.
Replies: 24
Views: 1944

Re: 27 yrs old. Reading Bogleheads guide to investing. Still need help.

Do either of your employers sponsor 401k or IRA plans? You will want to participate in those plans if they do. Going forward - also be aware that there are limits to how much you can contribute to traditional and roth IRAs, depending on stuff: https://www.irs.gov/retirement-plans/retirement-plans-fa...
by CaliJim
Mon Mar 06, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: Dispute with neighborhood association
Replies: 37
Views: 4330

Re: Dispute with neighborhood association

Dispute the late fee, but include what you owe, minus the late fee, in the registered mail letter. Door knocking is good too. Having a personal relationship on a friendly basis w/ the board treasurer, so they know you are not a deadbeat but a supportive member of the community, will go a long ways t...
by CaliJim
Sun Mar 05, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Asset Allocation Across Multiple Accounts
Replies: 40
Views: 2801

Re: Advice on Retirement Asset Allocation Across Multiple Accounts

Side note - IMHO: 80/20 is much better psychologically and behaviorally than 90/10. If you believe Markowitz and Modern Portfolio Theory, increasing bonds from 10% to 20% will significantly reduce your risk, while only marginally reducing your expected returns. Thanks for that info calijim! Is ther...
by CaliJim
Fri Mar 03, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Million Dollar House with Uncertain Future Income??
Replies: 23
Views: 1929

Re: Million Dollar House with Uncertain Future Income??

OK. So. Assuming you can reliably bring in $80k - $85k (I would think more, since you are a great fit for a sales executive job: entrepreneur, knows how to get things done, understands how to make money selling stuff), and you want to put no more than 25% of your income into mortgage payments you ge...
by CaliJim
Fri Mar 03, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Asset Allocation Across Multiple Accounts
Replies: 40
Views: 2801

Re: Advice on Retirement Asset Allocation Across Multiple Accounts

Side note - IMHO: 80/20 is much better psychologically and behaviorally than 90/10. If you believe Markowitz and Modern Portfolio Theory, increasing bonds from 10% to 20% will significantly reduce your risk, while only marginally reducing your expected returns.
by CaliJim
Fri Mar 03, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Single-Payment Annuities
Replies: 11
Views: 940

Re: Single-Payment Annuities

I think an SPIA makes sense as longevity insurance....when you are very likely to live longer than the average person... and your needed withdrawal rate is high (4% + % ?) A 5 year period certain annuity (one that only pays for 5 years) doesn't make too much sense if you expect to live a lot longer ...
by CaliJim
Fri Mar 03, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: BND flat today despite interest rate announcement
Replies: 22
Views: 3183

Re: BND flat today despite interest rate announcement

No. It means that the FOMC meeting hasn't happened yet. So bond prices won't actually drop until the rate increase happens, even if that outcome is all but certain? Thanks & sorry if if this is a dumb question. Not quite. The prices fluctuate all the time. They may fluctuate more when reality d...
by CaliJim
Fri Mar 03, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: BND flat today despite interest rate announcement
Replies: 22
Views: 3183

Re: BND flat today despite interest rate announcement

Looking at the BND chart, you can see that the big move in BND's price started in early November 2016. I'm not a fed watcher.... but this is when there were hints from the FOMC of the FED that, while they would hold interests rates steady at the moment, rates hikes were likely if the labor market an...
by CaliJim
Thu Mar 02, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Work injury and disability
Replies: 10
Views: 816

Re: Work injury and disability

.. How did you do that math? What growth rate are you assuming for VHDYX? I did a quick model, assuming 1% inflation, 2.85% yield on VHDYX, $2k/mo initial withdrawal adjusted up for inflation annually. The VHDYX plan, by my calcs, runs out of money in year 21. ... Vanguard performance chart shows V...
by CaliJim
Thu Mar 02, 2017 1:53 am
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 7428

Re: Used German Luxury vs New Japanese

To give you an idea about maintenance, a simple thing, like replacing O2 sensors is 3x for the BMW vs Honda. Bosh 740I O2 sensor: $100 each for the parts, need 4, and $200 minimum for labor = $600. Honda Accord O2 sensor: $20 each for parts, need 2, and $100 maybe for the labor = less than $200. I l...
by CaliJim
Thu Mar 02, 2017 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Work injury and disability
Replies: 10
Views: 816

Re: Work injury and disability

OP I suspect you are seriously in Otars GRAY zone with regard to retirement. You are only 57 and have potentially 35 years ahead of you. And it sucks to be out of money before you run out of time. The disability income is a good floor, but depending on your cost of living, an unexpected health or ot...
by CaliJim
Thu Mar 02, 2017 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Work injury and disability
Replies: 10
Views: 816

Re: Work injury and disability

... An SPIA could bring you in an extra $1000+ a month for life. With $400k in your pocket, you could buy into VHDYX, take out $2k per month indefinitely, and still have enough to fund a nice vacation a couple of times a year. How did you do that math? What growth rate are you assuming for VHDYX? I...
by CaliJim
Wed Mar 01, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16100

Re: Possibly Financially Independent and Feeling Miserable

oh...one more thig.... exercise more too. it is better than prozac
by CaliJim
Wed Mar 01, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16100

Re: Possibly Financially Independent and Feeling Miserable

IMHO: keep working a few more years, but decrease your savings rate and spend a bit more on yourselves. take some trips. adopt a hobby (golf?) that you always thought was too expensive. buy some new furniture. remodel the kitchen. in other words...relax a little bit, and from now on, work and enjoy ...
by CaliJim
Wed Mar 01, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Work injury and disability
Replies: 10
Views: 816

Re: Work injury and disability

More info is needed, but I suspect you may be at risk of outliving your savings. For situations such as this, a single premium immediate annuity (longevity insurance) is a good option. You can read more about them here using the search function ("SPIA"). Also, Jim Otars web site: http://re...
by CaliJim
Mon Feb 27, 2017 6:44 pm
Forum: Personal Consumer Issues
Topic: standing water around house
Replies: 24
Views: 2025

Re: standing water around house

Is there a drainage ditch at the street, storm drains, swale or creek nearby to which you can direct the water? If slope away from home is an issue, direct french drains around foundation perimeter to a collection sump basin. Install float activated slump pump to eject water to appropriate street dr...
by CaliJim
Mon Feb 27, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Outdoor grill: gas or electric?
Replies: 55
Views: 3190

Re: Outdoor grill: gas or electric?

Gas provides a good backup if power is out during hurricane other seasons. I came here to say this. LS beat me to it. Having a gas grill for those hungry times during a power outage when you need to cook up everything that is spoiling in the fridge is a really good idea. (and charcoal... sure. But ...
by CaliJim
Sat Feb 25, 2017 12:40 am
Forum: Investing - Theory, News & General
Topic: Please vote on the wisest decision
Replies: 50
Views: 3315

Re: Please vote on the wisest decision

#1 and #3 SP500 in the 401k Vanguard Total Bond Market in the IRA Get yourself at least to 80/20, if not 75/25. Many wise men have said to always have at least 25% in bonds. It makes rebalancing after a big correction meaningful. Also.... it saves the bacon if it crashes and stays crashed and you lo...
by CaliJim
Sat Feb 25, 2017 12:17 am
Forum: Investing - Help with Personal Investments
Topic: What to do with gains since November election?
Replies: 7
Views: 1267

Re: What to do with gains since November election?

Yes.... as Livesoft points out, asset allocation is the key. The reason it is the key is that it tells you about your stock to bond ratio. The higher your stock to bond ration, the higher your risk. You can't lock things in, but you CAN adjust how much risk you are taking. Reducing risk is kind of l...
by CaliJim
Fri Feb 24, 2017 11:23 pm
Forum: Investing - Theory, News & General
Topic: Please vote on the wisest decision
Replies: 50
Views: 3315

Re: Please vote on the wisest decision

Really - no bond index fund in the 401k?

You getting any sort of a matching contribution from your employer for the 401k? You want to capture as much of that as you can
by CaliJim
Sat Feb 18, 2017 11:56 pm
Forum: Personal Consumer Issues
Topic: Moving with expensive electronic equipment.
Replies: 15
Views: 1280

Re: Moving with expensive electronic equipment.

randomguy wrote:Hire professionals to pack them and pay for insurance

+1
Most moving companies will do small moves with pack, pickup and delivery on dates specified by you.
Google "moving company small load"
by CaliJim
Sat Feb 18, 2017 11:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM
Replies: 66
Views: 3742

THANK YOU TO THE BH FOUNDERS!!!!

Gratitude to the Unknown Instructors
What they undertook to do
They brought to pass;
All things hang like a drop of dew
Upon a blade of grass.

William Butler Yeats

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