Search found 559 matches

by J295
Sun Jan 31, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: son just starting out
Replies: 19
Views: 1456

Re: son just starting out

Fyi .... Here's what I suggested to our kids and nieces/nephews when they asked me ..... First ,set up an Emergency Fund of cash in case you need it for living expenses in an emergency. Ideally this would be six months of living expenses. This could be in an Allly Bank long term CD (pays over 1% and...
by J295
Sun Jan 31, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Downward trend over?
Replies: 46
Views: 4043

Re: Downward trend over?

Maybe. Maybe not.
by J295
Sun Jan 31, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Unsecured personal line of credit as emergency fund?
Replies: 36
Views: 1179

Re: Unsecured personal line of credit as emergency fund?

Anyways, does anyone have a unsecured line of credit that they have in lieu of an emergency fund? In our case -- no. We are averse to personal debt, so it's not a good fit for us. You seem to have a higher risk tolerance than us (spouse and me) and probably different life situations, so while the g...
by J295
Fri Jan 29, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: Buying Carpet and Painting
Replies: 32
Views: 2328

Re: Buying Carpet and Painting

A lot depends on the area being renovated and your quality expectations. Personally, for any public areas I recommend high quality paint (it makes a difference) and a professional. I have great painters that work solo and do great work and very reasonable rates. Ask around, as at least in our area t...
by J295
Thu Jan 28, 2016 11:03 pm
Forum: Personal Consumer Issues
Topic: Should I forward mail to Spain
Replies: 10
Views: 892

Re: Should I forward mail to Spain

Don't forward. Have someone open and handle for you, and scan and email as necessary. Adios!
by J295
Thu Jan 28, 2016 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Exclusion
Replies: 8
Views: 527

Re: Gift Tax Exclusion

Did you accountant tell you the penalties involved? Ask him/her. I'm no expert but was curious and did a quick Google search and it looks like the penalties are likely $135 per missed return. I'm assuming there is no tax due because you and your spouse each have gift/estate tax exemptions in excess ...
by J295
Thu Jan 28, 2016 5:01 pm
Forum: Personal Consumer Issues
Topic: wife needs phone. Android, iPhone or Windows phone?
Replies: 49
Views: 3021

Re: wife needs phone. Android, iPhone or Windows phone?

We have both Google (android) and Apple products in the family. Both phones and tablets. All are used professionally as well as personally. I've had both, and both are fine, although I prefer the Google products. Have had no issues interfacing with outlook or gmail with any of these. The Google phon...
by J295
Thu Jan 28, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for estate, trust
Replies: 6
Views: 540

Re: Taxes for estate, trust

Fair questions, and hopefully you will get some good input from others here with more expertise on these topics. Just an fyi, I am a lawyer and we hired an accountant and a lawyer (from my firm, but we paid full rate) to handle estate matters for my in-laws upon their death. With a good lawyer and a...
by J295
Mon Jan 25, 2016 7:52 am
Forum: Personal Consumer Issues
Topic: What was your biggest unexpected home expense?
Replies: 87
Views: 7217

Re: What was your biggest unexpected home expense?

Many years ago our two story home, all siding which we had built new, had to have all the defective siding removed. It was a Louisiana Pacific product and the company was in bankruptcy. I don't recall the cost, but it was pricey. Stuff happens.
by J295
Mon Jan 25, 2016 7:48 am
Forum: Investing - Help with Personal Investments
Topic: I Bonds
Replies: 27
Views: 2902

Re: I Bonds

Fyi, my website experiences have been simple and pain free.
We hold ibonds for the reasons mentioned above.
by J295
Mon Jan 25, 2016 7:45 am
Forum: Personal Consumer Issues
Topic: Anyone have experience with truecar.com or similar ?
Replies: 26
Views: 1780

Anyone have experience with truecar.com or similar ?

Please share your experiences with truecar.com or similar for a new vehicle purchase. Thanks.
by J295
Sun Jan 24, 2016 11:07 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10544

Re: Do you pay for exercise?

We've done both over the years. When we were runners home weights and no club were fine.
Now running isn't an option (knees), and we swim/fitness bike, etc., so health club is our choice.
by J295
Sun Jan 24, 2016 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 9098

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

I am a father in law, and of course before that the future son-in-law and the son-in-law. If I were you I wouldn't discuss it with fiance's father. However, after the marriage I'd be sensitive to you and your wife developing your financial life in such a way that minimizes the potential involvement ...
by J295
Fri Jan 22, 2016 9:07 am
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 6995

Re: Capitulation!

livesoft » Fri Jan 22, 2016 6:34 am Maybe it was Capitulation! as today (Friday) will turn out to be very nice in the stock markets. Hi livesoft. I'm reading this and the Friday markets haven't opened yet. Did you get the flux capacitor to work? :happy https://www.youtube.com/watch?v=Or7P9jfhcZ0 Ha...
by J295
Fri Jan 22, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Question for Bogleheads Real Estate Agents
Replies: 32
Views: 2860

Re: Question for Bogleheads Real Estate Agents

I'm not a broker, but my nephew is highly successful (now has his own company). I will share just one thing that I know he does (which I also did in my profession) .... he's prompt. It sounds so basic, so simple, but clients (or prospects) appreciate someone who answers their cell, returns calls or ...
by J295
Thu Jan 21, 2016 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Next Week... Tips?
Replies: 30
Views: 4069

Re: Early Retirement Next Week... Tips?

Highest priority would be medical insurance.


Perhaps you can structure your affairs in retirement to get MAGI (Modified Adjusted Gross Income) at a level where you can obtain premium tax credits for insurance obtained through an exchange created under the ACA (Affordable Care Act).
by J295
Thu Jan 21, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Next Week... Tips?
Replies: 30
Views: 4069

Re: Early Retirement Next Week... Tips?

Congrats. Hope your next phase is full of meaning, growth, and great adventures.
by J295
Wed Jan 20, 2016 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: My IPS - Welcoming Feedback
Replies: 15
Views: 914

Re: My IPS - Welcoming Feedback

well thought out. nice job.
for your consideration, our ips provides that it can't be modified unless we choose a modification and then wait 3 months
by J295
Wed Jan 20, 2016 12:14 pm
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 6995

Re: Capitulation!

I suspect most accounts, like ours, are significantly higher than they were in the past few years. A few months or a few weeks (or even a few years) of sharp declines seems like hardly a blip on the radar screen. Each time this happens "it's different this time" gets repeated. I don't enjo...
by J295
Wed Jan 20, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Planning For Future Estate Taxes
Replies: 18
Views: 1452

Re: Planning For Future Estate Taxes

OP -- with the estate tax exemption at nearly $5.5 million, that means $11 million in estate value can easily be sheltered. To arrive at a total tax of $1.3 million each ($2.6 total) at a roughly 50% rate this would be an estate of roughly $16 million, is that correct? There is no doubt a state inhe...
by J295
Mon Jan 18, 2016 9:11 am
Forum: Personal Consumer Issues
Topic: Use Local Dealer for New Vehicle Purchase?
Replies: 21
Views: 1634

Re: Use Local Dealer for New Vehicle Purchase?

Appreciate all the insights. Enjoy the day.
by J295
Sun Jan 17, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: how long can a car last?
Replies: 26
Views: 2048

Re: how long can a car last?

Ballpark estimate .... 200,000 miles We have an 04 Infiniti with about 165,000 miles. We just decided to part with it, not because of looks or reliability (seriously, it still looks great and is reliable because I trusted our mechanic and always replaced things when needed), but because we are going...
by J295
Sun Jan 17, 2016 4:05 pm
Forum: Personal Consumer Issues
Topic: Use Local Dealer for New Vehicle Purchase?
Replies: 21
Views: 1634

Use Local Dealer for New Vehicle Purchase?

We are going to purchase a new SUV. I am comfortable negotiating and think I know the metrics to determine what price is "fair." We know the colors and features we want, and are willing to wait to get what we want. The last new car we bought was 2003 and it was easy. For this new vehicle I...
by J295
Sun Jan 17, 2016 11:24 am
Forum: Investing - Help with Personal Investments
Topic: What is your action plan?
Replies: 43
Views: 2469

Re: What is your action plan?

OP -- If it were me, I'd follow my IPS and do whatever you'd normally do irrespective of recent equity price moves.
by J295
Sat Jan 16, 2016 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 4071

Re: Should I use some of my emergency fund to buy cheap stocks right now?

I'm wondering if I should take advantage of the cheap prices right now and send some of my emergency fund cash to buy shares of VTSAX in my taxable account.

Yay or nay?


Nay
by J295
Sat Jan 16, 2016 3:09 pm
Forum: Investing - Theory, News & General
Topic: Really bad day?
Replies: 24
Views: 4193

Re: Really bad day?

Been through every one of these. The only one I recall specifically was Black Monday. It was ugly. I was a newly minted lawyer with a mortgage, a one year old, another on the way, a dog, and a stay at home spouse. We had a modest amount saved up and invested in a mutual fund. Panicked and sold a lot...
by J295
Sat Jan 16, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Ignore the noise
Replies: 16
Views: 2126

Re: Ignore the noise

We are (mostly) retired and turn 57 this year. AA is Age -10 in "Bonds (which includes, bonds, CDs, Ibonds, TIPS, cash, etc.). So, 47% "Bonds" 49% Stocks 4% Alternataives Review for re-balancing quarterly (if AA for stocks off by 5%), and adjust AA annually for the age change. May or ...
by J295
Sat Jan 16, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Where to find a business to purchase?
Replies: 36
Views: 4116

Re: Where to find a business to purchase?

I'm a (mostly) retired lawyer and am familiar with various purchase and sale transactions over the years. Personally, I'm not a big fan of opportunities that are presented through business brokers, and instead prefer the word of mouth opportunities (and including someone approaching an existing busi...
by J295
Sat Jan 16, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: revocable trusts and such
Replies: 7
Views: 847

Re: revocable trusts and such

Good call getting an experienced law firm to help guide you. Something I believe you may need to prepare for and can discuss with your counsel is who will make your personal and health care decisions for you if you are incapacitated? I believe an "institution" will not be in a position to ...
by J295
Sat Jan 16, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Large amount of CDs maturing....what to do?
Replies: 132
Views: 11180

Re: Large amount of CDs maturing....what to do?

Victoria wrote: Importantly, my financial goals are not driven by maximizing my assets or the greatest portfolio efficiency. The guiding principle is that right now is my opportunity to do the things I always wanted to do. Love it! Somewhat similar perspective from our IPS: "To retain awareness...
by J295
Sat Jan 16, 2016 9:20 am
Forum: Investing - Theory, News & General
Topic: IPS, staying the course, and glad...
Replies: 9
Views: 837

Re: IPS, staying the course, and glad...

OP ... good for you! I've learned some lessons observing like you, and a few others with the scars to prove it. For what it's worth my perspective on non-index type investments (including particularly non-publicly traded business ventures) is that it is reasonable to have 10% of your investment fund...
by J295
Thu Jan 14, 2016 8:11 am
Forum: Investing - Theory, News & General
Topic: What do you use to calculate total % up or down each year?
Replies: 37
Views: 1657

Re: What do you use to calculate total % up or down each year?

Actually, I don't calculate. In my case, it is too much work, wouldn't change our AA, and might feed any fear or greed I posses. We do check balances periodically and track annual net worth.
by J295
Thu Jan 14, 2016 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Best strategy for HSA: withdraw or accumulate?
Replies: 11
Views: 1048

Re: Best strategy for HSA: withdraw or accumulate?

Accumulate.
The record keeping is simple (one folder and one spreadsheet -- which only becomes applicable upon audit).
by J295
Thu Jan 14, 2016 7:54 am
Forum: Investing - Theory, News & General
Topic: Sell me on not reinvesting.
Replies: 13
Views: 1306

Re: Sell me on not reinvesting.

y livesoft » Thu Jan 14, 2016 6:51 am

You shouldn't.


Livesoft ..... love it. :happy who needs cable tv when i can find these nuggets (along with the thread on what we'd tell our 25 year old self).
by J295
Thu Jan 14, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Self employment tax question
Replies: 7
Views: 449

Re: Self employment tax question

you file one federal tax return, your 1040 (and of course the related state return(s)). schedule c determines your self employment income (where you may claim allowable expenses) schedule SE calculates the self employment tax (it is not an income tax, it is self employment tax) you pay income tax ca...
by J295
Tue Jan 12, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 7902

Re: Saving for the future vs you only live once

You will find your balance if you keep searching. Some good financial behavior and good fortune helped us put three kids through college and be in a position to make life choices unrelated to money at age 53. I choose to (mostly) retire. A personal health care analogy .... when I was at Mayo for can...
by J295
Tue Jan 12, 2016 2:55 pm
Forum: Investing - Theory, News & General
Topic: What would you tell your 25 yr old self?
Replies: 99
Views: 6262

Re: What would you tell your 25 yr old self?

Great decision to marry that awesome girl. You sure out kicked your coverage!
by J295
Tue Jan 12, 2016 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Large amount of CDs maturing....what to do?
Replies: 132
Views: 11180

Re: Large amount of CDs maturing....what to do?

y protagonist » Tue Jan 12, 2016 11:37 am Here is one decent alternative for parking $50K for 3 months: https://home.capitalone360.com/lp-savingsbonus500 $500 bonus on 50K in 3 months is equivalent to 4% annual if you cancel your account in 3 months. Officially the offer expires on 2/29/16, but who...
by J295
Tue Jan 12, 2016 1:35 pm
Forum: Investing - Theory, News & General
Topic: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
Replies: 78
Views: 8911

Re: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS

Noise. Misleading headline. I read the article to state there could be, in their opinion, a 10-20% decline. In my world, that is nowhere near "cataclysmic." Regardless, it's not relevant to me.

What does your IPS provide?
by J295
Mon Jan 11, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting for a Solo 401k/Sole Proprietorship
Replies: 6
Views: 238

Re: Accounting for a Solo 401k/Sole Proprietorship

I set up a solo 401k with Vanguard, for which I did need and get an EIN. I didn't know Vanguard required an EIN. Fidelity requests one with its form but you are permitted to use your SSN if a sole proprietor. Best of luck, and if you need help on any of the other self employed issues post same and ...
by J295
Mon Jan 11, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do my own taxes this year?
Replies: 29
Views: 2395

Re: Should I do my own taxes this year?

I'm facing the same question as we approach Jan. 15, 2016 (!) How can I calculate my estimated taxes? Do I have to ask the accountant? Again?


If I were in your shoes I'd keep it simple and pay in at the safe harbor and square up when the tax return is filed.
by J295
Mon Jan 11, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting for a Solo 401k/Sole Proprietorship
Replies: 6
Views: 238

Re: Accounting for a Solo 401k/Sole Proprietorship

A. Perhaps this isn't the right thing to do? Am I required to deposit the check into a separate "business" account, then transfer the same amount into the personal account? B. If I didn't need to be doing this before, do I need to do so to make a contribution to the solo 401k or can a con...
by J295
Sun Jan 10, 2016 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: I just lost $200,000 last week. Please help me.
Replies: 82
Views: 13874

Re: I just lost $200,000 last week. Please help me.

Many excellent suggestions on the nuts and bolts of getting educated and proceeding. I won't repeat those. I'll reaffirm the notion that you are not alone. Many of us, and I am in this category, have at one time or another during our learning curve made decisions that reduced our portfolio value. So...
by J295
Sun Jan 10, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Small Bus. Owner
Replies: 6
Views: 492

Re: Health Insurance for Small Bus. Owner

Good luck with your transition. Here's a some thoughts to add to the other comments .... Use this calculator to determine if some of your health insurance premiums will make you eligible for a tax credit. http://kff.org/interactive/subsidy-calculator/ .... to do this you will need to estimate your M...
by J295
Sun Jan 10, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do my own taxes this year?
Replies: 29
Views: 2395

Re: Should I do my own taxes this year?

When I was a partner I had an accountant do our taxes because we had some additional returns for our children and it was easier to have him do everything. Now that I'm of counsel and kids are all grown I'm going to try Turbo Tax this year. I'll save some $$ on accountant's fees and it should be fair...
by J295
Sat Jan 09, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Considering donating week at vacation home
Replies: 3
Views: 453

Re: Considering donating week at vacation home

No deduction for the donation of the week. Good of you to do this. We have secured many of these when we served on boards, and also purchased many of these at fundraisers. Everything went smoothly. The board will likely want you to provide a fair market value of the donation, which will allow the pu...
by J295
Sat Jan 09, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card $50 statement credit .... FYI
Replies: 15
Views: 1813

Credit Card $50 statement credit .... FYI

We often get credit cards for the mileage bonus, and the first year is no annual fee. We achieve the bonus and then cancel prior to one year (don't know if this effects credit score, but we don't need credit so not an issue for us). Recently when we have called to cancel we are offered $50 if we kee...
by J295
Fri Jan 08, 2016 8:16 am
Forum: Personal Consumer Issues
Topic: helping a creative child grow
Replies: 40
Views: 1939

Re: helping a creative child grow

OP -- great that you are proactive with your parenting .... we weren't as proactive and things turned out fine .... here's my two cents ..... ***she will always be bright, that's hard wired. If she misses a gifted class or two that won't change. ***consider what will make her youth and adulthood fun...
by J295
Fri Jan 08, 2016 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Is a Bear market the ideal market to retire?
Replies: 70
Views: 5329

Re: Is a Bear market the ideal market to retire?

Is a Bear Market the ideal market to retire in?


No. I'm (mostly) retired and will always take a bull market over a bear market.

The angst of a bear market coupled with a significant life transition to retirement would not be "ideal" in my world.

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