Search found 819 matches

by J295
Tue Jan 24, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you own taxes?
Replies: 27
Views: 1775

Re: Do you own taxes?

I used to do our taxes, and then it became something I had no interest in handling, and we had sufficient resources, and the value of having someone else do them far outweighed the time and effort I had to put in even though I was fully capable of doing the returns (about half of my business partner...
by J295
Thu Jan 19, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 72
Views: 4929

Re: Volunteering Ideas

Sperry 8 .... I now saw that you were also asking about international and also referenced Habitat for Humanity ..... I've done HFH locally (great) and last year got involved in home building for the indigenous in Guatemala (this particular trip was investigating the new site and meeting with the loc...
by J295
Thu Jan 19, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 72
Views: 4929

Re: Volunteering Ideas

St. Vincent dePaul, whether your faith tradition is Catholic or not. All are welcome. Most parishes have a SVDP "conference." In our conference 100% of every dollar is distributed to our "clients" (low income people). Here's how it works ..... people in need contact a call center...
by J295
Wed Jan 18, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 6905

Re: ok to pull plug and retire?

financial looks great. I went PT at 53, which was 4 yrs ago. Considering going to "full time dad with grown independent kids" in the near term. :happy My spouse and I LOVE this latest adventure and I hope you and your family do as well. We are fortunate to be able to take another path. Bes...
by J295
Wed Jan 18, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: "The Undoing Project," by Michael Lewis
Replies: 8
Views: 1683

Re: "The Undoing Project," by Michael Lewis

I took this free online course. You might enjoy it.

https://www.class-central.com/mooc/424/ ... l-behavior
by J295
Tue Jan 17, 2017 10:15 pm
Forum: Personal Consumer Issues
Topic: Stymied by my High Deductible policy, HAS, and the American medical system.
Replies: 40
Views: 2576

Re: Stymied by my High Deductible policy, HAS, and the American medical system.

My blood work (57 year old male) from the physical for which I was responsible to pay under the health insurance plan was not nearly that expensive.

To the extent you are suggesting health care consumption and its costs are confusing and expensive you are correct.
by J295
Mon Jan 16, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4349

Re: Retired, expenses covered but still growing portfolio, why?

57 year old couple (mostly retired). Using money now and in the future for family and charity, and certainly plan to leave $$ to children. Have fairly modest needs/wants and lucky to have those covered (live like royalty in my opinion compared to other countries and generations, so we are genuinely ...
by J295
Sun Jan 15, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Receipts [Retaining purchase receipts]
Replies: 28
Views: 1238

Re: Receipts [Retaining purchase receipts]

Never save receipts and it has never created a problem. If needed I could prove a transaction via the email receipts some vendors provide our from the online credits card statements.

For me it would be unnecessary busywork
by J295
Wed Jan 11, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 20
Views: 3310

Re: Get $250 from Wells Fargo

Self employed can't make a direct deposit unless they are getting periodic payments for social security, pension, etc. Just maintain a balance over $1500 and make 10 debit card purchases (we are depositing $2500 to have some wiggle room). Seems pretty straightforward and we're giving it a shot (what...
by J295
Wed Jan 11, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Need estate advice - promissory note?
Replies: 12
Views: 986

Re: Need estate advice - promissory note?

What does your lawyer recommend?
by J295
Tue Jan 10, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Making a Loan to be Repaid by a Tax Refund (Charitable Activity)
Replies: 6
Views: 211

Re: Making a Loan to be Repaid by a Tax Refund (Charitable Activity)

Good insights and thanks to those who replied.
Any other thoughts are appreciated.
May have to go to plan B (still to be determined!)
by J295
Tue Jan 10, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Making a Loan to be Repaid by a Tax Refund (Charitable Activity)
Replies: 6
Views: 211

Making a Loan to be Repaid by a Tax Refund (Charitable Activity)

One of the charities I work with provides immediate financial assistance to "clients" to avoid utility shut offs and evictions. Typically these are partial payments and the client is responsible for making up the balance through a payment plan with the utility/landlord. If possible I'd lik...
by J295
Tue Jan 10, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Open a DAF?
Replies: 15
Views: 1114

Re: Open a DAF?

Heartily recommend Fidelity. We only contribute highly appreciated stock (as you probably know, this avoids capital gains and generates an immediate charitable contribution deduction). We typically make larger contributions in those years where our income was particularly high (often bunching this w...
by J295
Tue Jan 10, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1562

Re: 2017 Goals...What should we do?

OP. What is your perspective on applying some or all of the excess to your mortgage? And (sorry if I'm not reading carefully enough to know this) .... are you maxing out your retirement contributions?
by J295
Tue Jan 10, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12193

Re: How Bad was 2008, really?

It was quite bad. Sure, if you knew for certain there was light at the end of the tunnel in two years, or three years, or five years, etc. that's a different story. But, nobody knew when the end of the tunnel would arrive, or if or how it might arrive. The equity markets overall recovered quite nice...
by J295
Sun Jan 08, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 7126

Re: Best Ways to Buy Time

Buy a flux capacitor.
by J295
Mon Jan 02, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Donating Laptop/Eliminate Personal Data
Replies: 14
Views: 1285

Donating Laptop/Eliminate Personal Data

How do we eliminate personal data from the laptop we are donating .... "wipe" the hard drive (by taking it to someone here local that can accomplish same, or DIY?). Other ways to handle this? Thanks!
by J295
Mon Jan 02, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 28
Views: 3311

Re: I-bonds

OP.

We have a good supply of ibonds. Part of our allocation/strategy.

Having said that, make sure you understand them, including the fact that the current bond fixed rate is 0.0%. The rate you quote is variable every six months. Note too the variable rate of the prior six month period was 0.36%.
by J295
Sun Jan 01, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed Gratification In Life & its fallacies
Replies: 56
Views: 5733

Re: Delayed Gratification In Life & its fallacies

One of the items in our 5 part IPS .... To retain awareness that there are two risks impacting our financial choices. One, the risk that we could someday run out of money. The other, more subtle, that we die without living fully because we are unduly inhibited by the first risk. We shall strike a ba...
by J295
Wed Dec 28, 2016 8:16 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 10811

Re: At what age, income, and NW would you buy a $50k car?

In your hypothetical .... Yes

Bought our first and only this year at age 56. Lexus GX460. Love it. In fact going to take a long driving trip soon. Retired a few years ago so financially independent.

Still have 2003 Accord with 155k miles. :D

Enjoy
by J295
Mon Dec 26, 2016 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 31
Views: 2347

Re: DAF for church offering?

We have no issues whatsoever with the FIDO DAF distributing to our parish and other Catholic related organizations, in addition to other local charities.
by J295
Mon Dec 26, 2016 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3171

Re: Can I help settle my father in law's estate without an attorney?

Didn't read the other replies so perhaps this duplicates another reply .... In some parts of the country, particularly in agricultural communities, there is/was a custom of not charging the client much for routine legal work over the years and then "recovering" fees by doing the estate for...
by J295
Thu Dec 22, 2016 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or standard ?
Replies: 3
Views: 528

Roth or standard ?

Child is in 30% federal and 9%state tax brackets.

Roth, standard, or some combination? All prior contributions have been Roth.

Thx.
by J295
Thu Dec 22, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Looking to Drop Wells Fargo for Online Banking
Replies: 48
Views: 2664

Re: Looking to Drop Wells Fargo for Online Banking

Huge fan of Fidelity, having been there 30+ years ..... all online, have never set foot in an office (yes, even back starting in 1982, have never been to an office)..... our accounts there include our "spending account" which includes check writing (rare) and online bill pay from all accou...
by J295
Thu Dec 22, 2016 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K and reducing MAGI for Obamacare
Replies: 13
Views: 760

Re: Solo 401K and reducing MAGI for Obamacare

Just a random note ..... recall that HSA contributions also reduce Magi.
by J295
Tue Dec 20, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Bear Market allocation
Replies: 35
Views: 2358

Re: Bear Market allocation

My IPS doesn't distinguish between "bull" and "bear" markets.
by J295
Tue Dec 20, 2016 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Choices in lieu of BND
Replies: 3
Views: 304

Re: 401k Choices in lieu of BND

Thanks!
by J295
Tue Dec 20, 2016 8:11 am
Forum: Personal Consumer Issues
Topic: Holiday gratuity for assisted living personnel?
Replies: 8
Views: 851

Re: Holiday gratuity for assisted living personnel?

definitely tip ... nice thing to do for someone who is watching over someone you love.
by J295
Tue Dec 20, 2016 7:11 am
Forum: Investing - Help with Personal Investments
Topic: 401k Choices in lieu of BND
Replies: 3
Views: 304

401k Choices in lieu of BND

Recommendations please on which of the following (or combinations) to purchase in my 401k (I am comfortable with BND, but it is not available). Perhaps some percentages of each? Thanks. Federated Total Return Govt Bond - Instl FTRGX Lord Abbett Short Duration Income - I LLDYX PIMCO Investment Grade ...
by J295
Mon Dec 19, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Building House - Mortgage Q's
Replies: 6
Views: 554

Re: Building House - Mortgage Q's

For us personally, we wanted to have a paid off home as soon as possible, so after fully funding retirement accounts we paid off house loan asap. It sure gave us a lot of flexibility and peaceful sleep over the years. Only had one car loan in the early years, and otherwise no other debts. I suspect ...
by J295
Mon Dec 19, 2016 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Raising money for a family in need - How To Question (tax related)
Replies: 19
Views: 1448

Re: Raising money for a family in need - How To Question (tax related)

Perhaps you can get some help from your local bank (trust department) or community foundation. Occasionally around here (town of 300k) sometimes there is a tragedy, health related, or other event that results in an account being set up at the bank or foundation for the family in need, and the commun...
by J295
Mon Dec 19, 2016 8:29 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 6998

Re: Hard Endeavor/Exercise in Middle Age

OP --- If you want some variety and are a "list guy" you might consider 2017 as your year to do 35 things involving the number 35 (I did this 7 years ago when I was turning 50 and some of them involved physical activities, and for all of them I involved different family/friends so it wasn'...
by J295
Mon Dec 19, 2016 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1390

Re: ACA (ObamaCare) - MAGI prediction

OP .. will your income be high enough to obtain premium tax credits ? ..... (yes, I wrote high enough since you state $4k of actual dividends, etc. rather than the $30k you projected .... as I understand it generally speaking MAGI must be between 100% and 400% of federal poverty level to obtain PTC ...
by J295
Sun Dec 18, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 124
Views: 16459

Re: Fidelity free Turbotax

we purchase TT online and then email our contact at Fido the receipt and they credit our account.
by J295
Sat Dec 17, 2016 8:10 am
Forum: Investing - Help with Personal Investments
Topic: DCA vs lump sum for taxable accounts
Replies: 2
Views: 285

Re: DCA vs lump sum for taxable accounts

If it doesn't impact your cash flow I would do annual lump sum because it is simple and the amount is relatively nominal. May have a different perspective of you asked about how to time investing a million dollar windfall.

Good job planning ahead for college.
by J295
Sat Dec 17, 2016 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion vs. Premium Tax Credit
Replies: 8
Views: 767

Re: Roth Conversion vs. Premium Tax Credit

Very appreciative for the responses. Thanks! At present we will use the PTC and plan on considering conversions later.
by J295
Fri Dec 16, 2016 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion vs. Premium Tax Credit
Replies: 8
Views: 767

Roth Conversion vs. Premium Tax Credit

Age 57 and are in a situation to manage our taxable income (husband and wife). Have kept our MAGI (modified adjusted gross income) at a low level to qualify for PTC (premium tax credits) under ACA (Affordable Care Act). Savings is approximately $15k per year. Have never done a Roth conversion. If we...
by J295
Fri Dec 16, 2016 8:03 pm
Forum: Personal Consumer Issues
Topic: Personal fulfillment in retirement
Replies: 35
Views: 4564

Re: Personal fulfillment in retirement

I'm very interested in any insights that those of you who are now retired can share. In particular, I'd love to know things like: - what surprised you in/about retirement? - how do you spend your time? - do you find your life fulfilling? - are there aspects of the old life that you miss? - any advi...
by J295
Fri Dec 16, 2016 7:40 pm
Forum: Personal Consumer Issues
Topic: Thoughts on SUV for retirement.
Replies: 54
Views: 4591

Re: Thoughts on SUV for retirement.

I can give a very strong recommendation for the Lexus GX 460 Premium Package. By far the best vehicle we have ever owned (ok, maybe that's not saying much since we still have a 2003 Honda Accord and sold off a 2004 Infiniti to replace with the GX). Purchased the 2016 in March of this year. If you de...
by J295
Fri Dec 16, 2016 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone hiding out in short term CDs while rates rise?
Replies: 47
Views: 4354

Re: Anyone hiding out in short term CDs while rates rise?

Nothing changed with our IPS so not more or less CDs than typical.
by J295
Fri Dec 16, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Investing in the current market?
Replies: 26
Views: 2975

Re: Investing in the current market?

I follow our IPS (which doesn't allow for changes without a 3 month waiting period ... and thus far we've never changed it). This avoids the questions you raise. Before we had an IPS we acted on emotion at times (typically fear or greed -- each of which results in a more charitable term: "marke...
by J295
Thu Dec 15, 2016 1:08 pm
Forum: Personal Consumer Issues
Topic: How will you tip this Christmas?
Replies: 51
Views: 4266

Re: How will you tip this Christmas?

Ahhh ... the tipping threads ... always interesting .... carguyny wrote: printer86 wrote: At Christmas time I tip the service providers that I see all year long. That means that the garbage men, recycling truck driver, mail carrier, lawn service person and the lady who cuts my hair get envelopes wit...
by J295
Thu Dec 15, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: A new milestone
Replies: 20
Views: 2552

Re: A new milestone

OP --- congrats and enjoy .... and at the risk of sounding like your Old Uncle XX (57 now, "retired" at 53) .... with a bigger portfolio the downswings can be a bit jarring at times so be "ready" (I didn't track the numbers, but I'm fairly sure during some time periods much less ...
by J295
Mon Dec 12, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Well, just got first pair of golden handcuffs
Replies: 58
Views: 8744

Re: Well, just got first pair of golden handcuffs

OP ..... Congrats. Happy for you.
by J295
Sun Dec 11, 2016 10:05 pm
Forum: Personal Consumer Issues
Topic: Certificate of Insurance from Prospective Contractor
Replies: 11
Views: 775

Re: Certificate of Insurance from Prospective Contractor

I have only hired based on referrals but I understand that's not an option here for you.

The two things you mention are not particularly worrisome. Ask for a couple of references and size him up when you meet. Then you can decide and review the certificate.
by J295
Sun Dec 11, 2016 6:56 pm
Forum: Investing - Theory, News & General
Topic: The value of OMY for early retirees (bridge years) [One More Year]
Replies: 49
Views: 3972

Re: The value of OMY for early retirees (bridge years) [One More Year]

"The value of OMY?" ..... time vs. money ..... the risk that one more year becomes two more years becomes three more years, etc. .... perhaps some of you are familiar with Leo Tolstoy's short story -- how much land does a man need? .... https://en.wikipedia.org/wiki/How_Much_Land_Does_a_Ma...
by J295
Sun Dec 11, 2016 11:49 am
Forum: Personal Consumer Issues
Topic: Cordless Power Razor
Replies: 6
Views: 404

Re: Cordless Power Razor

Thanks. I'll get one today for dad.
by J295
Sun Dec 11, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Need guidace with where to place savings
Replies: 7
Views: 595

Re: Need guidace with where to place savings

We use American Express Bank. All online and easy to set up and transfer. Last time I checked the savings account rate was 0.9%. Other similar banks pay around the same rate. You might also consider i-bonds. Check out the wiki for details. No penalty if withdrawn more than one year after purchase. S...

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