Search found 921 matches

by J295
Thu Apr 27, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 52
Views: 4699

Re: When does it make sense to start paying down (or off) a low rate mortgage?

Everyone's different ... for us it worked out well to take all extra cash and pay down our home mortgage quickly after funding 401k. We just aren't fans of debt. No hand wringing or complicated analysis --- we just decided owning home and autos free and clear was prudent financial planning so we ope...
by J295
Thu Apr 27, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Hourly rate for carpenter?
Replies: 15
Views: 1347

Re: Hourly rate for carpenter?

Our carpenter did framing and finish work at $40 per hour. He worked about 250 hours during the course of our project. I preferred hourly because of the wide range of work we were needing, thus making it clumsy to try and get a bids for each different stage of the project (particularly in a remodel,...
by J295
Wed Apr 26, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: co-worker had a baby, chipping in on gift- how much?
Replies: 57
Views: 2838

Re: co-worker had a baby chipping in on gift- how much?

As noted, it probably "depends" ..... You might try this approach to avoid any angst on situations like this (if you can afford it) ..... we decided whenever anyone would solicit us for money for running a race, supporting their cause, gifts in the office, etc., we would give $X if we knew...
by J295
Wed Apr 26, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds
Replies: 31
Views: 1919

Re: Bonds

Invstar. Unless there are material tax consequences, why don't you go to 80/20 now, or at least get a glide path to that level for the near term. I strongly encourage you to have and follow and IPS (Investment Policy Statement). I think most would agree following a solid IPS helps you to act prudent...
by J295
Tue Apr 25, 2017 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Retire By 40?
Replies: 12
Views: 2657

Re: Retire By 40?

Perhaps you will make FI by 40. Dream big. I suspect at least one of our (now adult) children will be in that position. Most won't get there if there only income/asset source if from working for mega corp and saving/investing, but there are other ways to accumulate wealth (i.e. ownership in your own...
by J295
Tue Apr 25, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: How do you build a house?
Replies: 10
Views: 1366

Re: How do you build a house?

For the project you describe it seems that step one is an architect that is willing to develop a great understanding of you and what you desire, and will work to help you achieve your intended outcome (some architects are one trick ponies). If you are considering a transitional or contemporary style...
by J295
Tue Apr 25, 2017 10:14 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 4360

Re: $300+ to remove a racoon. Really?

$300 seems reasonable ..... hopefully your vendor can figure out how to prevent other critters from arriving there in the future ....
by J295
Sat Apr 22, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 4774

Re: Should some professions tell people how much they make?

Why speculate? Get hard facts by asking current and former clients for evaluations. Structure the evaluation form appropriately so you get meaningful feedback.

Then, with good facts, you can form a strategy to maximize the opportunities to meet your objectives.
by J295
Sat Apr 22, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Hardest invest Q of all [when to retire]
Replies: 14
Views: 1652

Re: Hardest invest Q of all

The three "enoughs" Money. My guess ... you have enough $$ ... Work. Have you had enough of work? .... I did so I transitioned at age 53 (kept a part time role because I had unique circumstances that allowed it). To Do. Do you have enough to do (when you retire)? .... I certainly did .... ...
by J295
Fri Apr 21, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: CPA or TurboTax
Replies: 18
Views: 1417

Re: CPA or TurboTax

I think you using TT makes sense now. We had an accountant for years when I was a full time partner in a business. It was a great decision and worth every penny to offload the work to him, but honestly it still took a lot of my time because I needed to provide detailed information to him (but it was...
by J295
Fri Apr 21, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 55
Views: 4998

Re: Bill received after Estate is closed

Fascinating responses ..... In my world, $2,000 is not material, but a 25 year relationship with someone is material. If I were the lawyer I would most certainly want the OP to contact me for a personal meeting or phone call to discuss so both the lawyer and the OP could have the same understanding ...
by J295
Fri Apr 21, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 2814

Re: Dedicating your bonus to something

When I was younger we took my annual bonus and paid down on our home debt. One year I took it and opened up a new bank account so I could surprise my wife with a trip (but I made sure to tell my father in law, because I was thinking it would be a bit odd to die in a car crash and have my wife find t...
by J295
Fri Apr 21, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Can Power of Attorney override POD designations?
Replies: 12
Views: 1431

Re: Can Power of Attorney override POD designations?

The other posters are correct that the answer to your specific question is a matter of state law (including the specific language of your power of attorney). If you don't want to authorize the Agent under your POA to alter beneficiary designations you could have your counsel draft the POA to cover t...
by J295
Fri Apr 21, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Did I make a good decision to retire July 2017 instead of July 2018?
Replies: 56
Views: 4831

Re: Did I make a good decision to retire July 2017 instead of July 2018?

You might have a bit of "buyer's remorse" and "OMY Syndrome" (one more year syndrome) hitting you. If it were me, I'd have a latte and a good book or netflix show and let these pass. Others might try a glass of wine or something stronger with their book/show. Enjoy your decision ...
by J295
Sun Apr 16, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Home Insurance Premium - How to decrease.
Replies: 41
Views: 3684

Re: Home Insurance Premium - How to decrease.

Home Insurance Premium - How to decrease. Postby ram » Sun Apr 16, 2017 1:04 pm We raised deductibles on auto and home to save some premium $$$. Regardless of whether you choose to do this for your home, be mindful of whether your deductible is set as a flat dollar amount or a percentage of value. ...
by J295
Sun Apr 16, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 178
Views: 19049

Re: More advice for BigLaw Survivor, please?

Ha ha WB, I do hear you. But what about the basic proposition that I likely can do better than 3.25 percent (my mortgage interest rate) in the stock market? Maybe, maybe not ..... I will tell you for us we paid off our home as quickly as possible and then when we transitioned to another home paid c...
by J295
Sat Apr 08, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: new llc, solo 401k question
Replies: 7
Views: 318

Re: new llc, solo 401k question

Note. Although you have until the tax filing date to make contributions for the prior year, the plan should be set up in the prior year. That is set up your plan in 2017 (and make some contributions to start the funding) and make the balance of your 2017 contributions in 2018. I use the Fidelity and...
by J295
Sun Apr 02, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23517

Re: Low-earners- What is your profession?

OP..... thanks for starting this thread. Really appreciate your service .... one of many noble professions!
by J295
Sun Apr 02, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Single Member LLC and solo 401(k) question
Replies: 7
Views: 739

Re: Single Member LLC and solo 401(k) question

We have and like our solo 401ks at Fidelity. Bankrate and Fidelity have contribution calculators (and there are many others online). I use both to make sure that the calculations are identical. Bankrate they has a selection that breaks out the amounts for employer contribution, employee deferral, an...
by J295
Sun Apr 02, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: Where to buy new iPhone
Replies: 32
Views: 2516

Where to buy new iPhone

We are replacing one of our phones ..... plan to go to Sam's Club and get a new one guessing their pricing is generally competitive .... we are on the Verizon network ... make sense?

Thanks.
by J295
Sat Apr 01, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Living Trust
Replies: 44
Views: 3097

Re: Will vs Living Trust

I believe your resources would be well spent with a good estate planning lawyer. Perhaps your situation is uncomplicated and your intent is straightforward, but one really can't tell without more facts and a dialogue with you and your wife. Do you want to avoid probate? Are you/your wife ok if the s...
by J295
Sat Apr 01, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Section 179 for Sole Proprietor Business Computer
Replies: 5
Views: 362

Section 179 for Sole Proprietor Business Computer

I think this is a straightforward matter, but thought I'd take a sanity check here ..... Hoping that the small business owners/accountants will chime in and let me know if they agree on the tax treatment of a computer my wife purchased for her sole proprietorship in 2016 ..... she uses the computer ...
by J295
Thu Mar 16, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 10731

Re: Early Retirement - what to do about healthcare?

We went part time 5 years ago at age 53. Here are some random observations for OP. Yes, health insurance is expensive. We have been fortunate to be able to manage our adjusted gross income to qualify for subsidies. Whether that will continue in the future, or in what form, is to be determined. It do...
by J295
Tue Mar 14, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wife wants to get into real-estate
Replies: 29
Views: 4752

Re: Wife wants to get into real-estate

I'll echo the consideration on effect of the work on family. Everyone should realize that if she does this there is a fair amount of evening, weekend, and sudden event type communications. When I went to part time at 53 and the kids were all gone my wife said she was ready to dig into something new ...
by J295
Tue Mar 14, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Regarding Wells Fargo $250 promo
Replies: 6
Views: 463

Re: Regarding Wells Fargo $250 promo

I recall signing a form and sending it back in. We put in $2k to fund the account and they gave the $250 bonus on the first statement. They never sent me a PIN so I made a few debit charges at places where they'd take without a PIN then cancelled account at the branch. I think the account was open a...
by J295
Tue Mar 14, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads handle allowance?
Replies: 38
Views: 3017

Re: How do Bogleheads handle allowance?

Starting in junior high each child got a stipend twice a year to cover all of their reasonable expenses plus enough extra to start a decent savings plan if they desired. You can decide up front what is covered and what isn't. For example, in our case the stipends covered all school dances and all of...
by J295
Tue Mar 14, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Laminate flooring that looks like hardwood
Replies: 25
Views: 1627

Re: Laminate flooring that looks like hardwood

One thing to consider ..... if you are covering a large area then laminate will have repeating patterns, whereas engineered and real wood will not. We have a very large coverage area and have engineered and a 30 pound dog and it works out great. We dust floors every other day and I'm going to look i...
by J295
Sun Mar 12, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3821

Re: Power of Attorney Issue/Question

partner » Sun Mar 12, 2017 11:01 am Thanks to all that replied. The general direction of most of the comments was to check with the financial institution or get their own POA form. This just flies in the face of having a general POA for all institutions/situations. I have numerous accounts: Vanguar...
by J295
Sun Mar 12, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: LLC or other liability protection as landlord
Replies: 17
Views: 1359

Re: LLC or other liability protection as landlord

Read the replies after mine earlier and realized you have fractional interests. Sorry I glossed over that fact the first time. So, as others have appropriately noted, it would be best to have the entire ownership group for any property all as members of a properly capitalized LLC. Another poster or ...
by J295
Sun Mar 12, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Home Transfer
Replies: 18
Views: 1206

Re: Home Transfer

Should keep your home out of probate (at least in the jurisdiction where we live it would). As far as keeping the entire estate out of probate you will want to review local law and the POD, TOD, and beneficiary designations on your various other assets. What about vehicles -- how does your state han...
by J295
Sat Mar 11, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: LLC or other liability protection as landlord
Replies: 17
Views: 1359

Re: LLC or other liability protection as landlord

I would certainly recommend a properly capitalized LLC for any rental property operation (one for all properties, or perhaps one for each property depending on facts involved).
by J295
Sat Mar 11, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3821

Re: Power of Attorney Issue/Question

OP. You give a lot of detail but I didn't read you stating the change you desire to make to your wills, and what may have changed in your personal life and financial situation in the last 15 years, all of which could impact the next best steps for you/your wife and would be helpful before trying to ...
by J295
Thu Mar 09, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Trust tax return reporting
Replies: 2
Views: 299

Re: Trust tax return reporting

We had some trusts for our children ..... I thought the tax returns (and K-1s and tracking of shares) were a major hassle and it was worth every penny to have our accountant do the returns. If you enjoy them, good for you. It wasn't our cup of tea.
by J295
Thu Mar 09, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Liability of being a trustee for rental property in a trust
Replies: 3
Views: 236

Re: Liability of being a trustee for rental property in a trust

A couple of observations .... 1. Umbrella of $1 million is a bit light in my opinion. I'd consider at least $2 million. Premium cost is modest. 2. I suggest any real estate be owned in an LLC (properly funded at the outset to minimize chances of it being pierced). If your parents wish, then the LLC ...
by J295
Wed Mar 08, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Can You Provide a Chart of Equity Returns
Replies: 2
Views: 340

Can You Provide a Chart of Equity Returns

On of our children has asked me if there are any charts showing equity returns for all 10 year (rolling) time periods since a reasonable start date ..... can anyone provide same or direct me to such a chart ..... curious to see if there are any 10 year time periods where equities did not have a posi...
by J295
Wed Mar 08, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Safest way to encrypt pdf tax documents to send via email?
Replies: 40
Views: 2339

Re: Safest way to encrypt pdf tax documents to send via email?

Seems like a lot of work to get him/her the info. I personally have been comfortable with straight email. Or, you could snail mail to him. My personal info (like nearly everyone else's) is in so many places that I honestly don't worry about who might hack it. I'm not meaning to be cavalier, but if s...
by J295
Wed Mar 08, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay my mortage or invest the money
Replies: 8
Views: 1010

Re: Should I pay my mortage or invest the money

Classic question. We don't like debt so we always paid down mortgage. Slept well at night and worked out well enough so that we were FI in early 50s. Not having debt gave us so much peace of mind and flexibility. Others differ and that's OK. I think it's a personal preference rather than a right/wro...
by J295
Wed Mar 08, 2017 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16312

Re: Possibly Financially Independent and Feeling Miserable

OP. Really admire your personal insights and authentic sharing Your anxiety seems quite strong. Perhaps there is a medical solution that might be helpful. Consider a complete physical. I previously posted that we have enough but if later we don't we'd be fine anyway, and you asked how can that be? I...
by J295
Mon Mar 06, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 4058

Re: Wedding cash gift

B3GINN3R .... to you and your spouse .... congrats! Let me share as someone who has been very happily married 35 years, with parents married 60, and one daughter already happily married .... Marriage is awesome. We paid for our daughter/SIL wedding and it we loved spending the money on it (Honestly,...
by J295
Mon Mar 06, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - What are we not considering?
Replies: 14
Views: 3241

Re: Early Retirement - What are we not considering?

Looks like your financial house is in good order .... do you own a home?

Dig into this next phase; it can be a grand adventure!
by J295
Sun Mar 05, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 23
Views: 3406

Re: Worth It Or Not? [to Retire]

Lots of good dialogue. I'll add a non financial consideration .... I think it is important to cross the finish line strong. No matter what you decide it will be great for you continue your strong efforts for your students and school system through your last day. Thanks for your work in education!
by J295
Thu Mar 02, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: I am calling a market bubble right now.
Replies: 27
Views: 2808

Re: I am calling a market bubble right now.

OP.
Would appreciate your specific measurable prediction.
by J295
Thu Mar 02, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16312

Re: Possibly Financially Independent and Feeling Miserable

OP. Wish you the best. Let's flip the focus. Instead of a problem to be solved to relieve your pain how about you view it as an opportunity to dig deep with your wife and discover the root causes of your pain and navigate a cure. As Anthony DeMello said, most people don't want a cure they just want ...
by J295
Thu Mar 02, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Timing the Market (just once)
Replies: 37
Views: 2782

Re: Timing the Market (just once)

Haven't read the other posts so maybe this is covered. You could set aside X% as your market timing fund and stick to your Allocations on the balance. Life can be both/and rather than either/or.

Best of luck.
by J295
Wed Mar 01, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Retired Members--life mistakes
Replies: 64
Views: 8899

Re: Question for Retired Members--life mistakes

Mostly retired at 53. Perfect timing for us. Biggest surprise is we don't concern ourselves with money. Nearly everything that happens is a surprise which is rather surprising. I thought we would have certain patterns. And while our life has a fine rhythm to it it is an unpredictable adventure.
by J295
Wed Mar 01, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Power washer
Replies: 22
Views: 1907

Re: Power washer

Hi JDB. Good point. I often hand wash with griots nozzle and other products from them. Great car cleaning stuff.
by J295
Wed Mar 01, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: Power washer
Replies: 22
Views: 1907

Re: Power washer

Made a similar inquiry a while back and Toons made same recommendation and purchased the one from Lowes and it works great.

Edit. Haha. Just noticed this is my old thread that someone resurrected.

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