Search found 863 matches

by J295
Thu Feb 23, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 638

Re: retired but thinking about value of self-employed income

Regarding the premium deduction .... Having trouble seeing what line this would be placed on schedule C. How does line 29 of 1040 play into this?
by J295
Thu Feb 23, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Line of credit
Replies: 2
Views: 174

Line of credit

Any recommendations for a lender to use for a line of credit? We can pledge brokerage account or home as security. No current debt and seven figure NW. No debt for about 20 years. May want to draw on the line for some cash flow reasons. Amount will be quite modest in comparison to NW. Want something...
by J295
Wed Feb 22, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Does anyone else have (possibly too much) fun dealing with finances?
Replies: 57
Views: 3445

Re: Does anyone else have (possibly too much) fun dealing with finances?

Was highly interested when working towards FI. Then after achieving FI lost interest. Review quarterly and typically only adjust annually due to AA being tied to age. Mostly retired at age 53.
by J295
Wed Feb 22, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Overestimated income on 2017 ACA application
Replies: 4
Views: 329

Re: Overestimated income on 2017 ACA application

OP
Can you cash flow and pay the premiums? If so you can just continue paying then get a credit at tax filing time
by J295
Wed Feb 22, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 53
Views: 7751

Re: Get $250 from Wells Fargo

Got my $250 credit on first statement before we took any action other than the initial$2000 deposit.
by J295
Tue Feb 21, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Do you replace your electrical switches/outlets or use an electrician?
Replies: 92
Views: 4827

Re: Do you replace your electrical switches/outlets or use an electrician?

Likely you can do this if you choose. As for the female part of your quesiton, both my wife and I are handy; but my wife multiple times more handy than me ..... for example, over the years she has completely removed, prepped, and power painted formerly stained cabinets, customized wainscoting, paint...
by J295
Mon Feb 20, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 18
Views: 1255

Re: How do I buy a building lot from current owner ...

I concur with hiring a real estate attorney .... he/she can answer the questions you pose, as well as help identify other issues after you disclose your intended use (for example, if you are buying an acreage is the property in compliance with subdivision requirements and have you had a test done to...
by J295
Sat Feb 18, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: "preview" of bear market
Replies: 16
Views: 2946

Re: "preview" of bear market

Just as a point of reference, when setting our allocation we use a 50% equity decline assumption to test whether we can sleep well at night (and I believe we will sleep ok, but certainly not as well as these past few years, but we can live with that outcome! :happy )
by J295
Sat Feb 18, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt Question (Separation)
Replies: 4
Views: 379

Re: Credit Card Debt Question (Separation)

Best of luck with a difficult personal situation. Even though it is a separation and not divorce stage, I'd suggest investing an hour or two with a good experienced family law lawyer to answer the question you pose (and perhaps get advice on things you may not have even considered -- you don't know ...
by J295
Sat Feb 18, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with CD coming due
Replies: 10
Views: 843

Re: Advice on what to do with CD coming due

OP. I really just want to say "atta boy"/"atta girl" .... ramping up your savings and trying to figure out what to do with your money .... good for you! I'm a big believer in an Investment Policy Statement (check out the Wiki). I also love goals, which probably helped us to achie...
by J295
Fri Feb 17, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 55
Views: 5532

Re: Stock Market Fears

I know it's anybody's guess what the future holds, but do the old rules still apply today? When the next correction or "crash" comes typically there is a big chorus of "it's different this time" or "the old rules don't apply" I don't see anything that makes the "o...
by J295
Tue Feb 14, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 21
Views: 2585

Re: Early Retirement

You are fine financially.
Who knows what the future holds ... but whatever speed bumps show up you'll manage.
If it's something you want lifestyle wise (we did) .... then embrace the new adventures!
by J295
Sun Feb 12, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Deferring consulting payment/constructive receipt doctrine
Replies: 1
Views: 173

Deferring consulting payment/constructive receipt doctrine

For 2017 we will have some consulting income. Typical arrangement is payment upon the closing of a project. 1. Before starting work on a project if we contract with the payer for payment in 2018 despite a 2017 closing can we then report the income as a cash basis taxpayer in 2018 (and the payer will...
by J295
Sun Feb 12, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Both Solo 401k and T-IRA Contributions in one year?
Replies: 1
Views: 130

Both Solo 401k and T-IRA Contributions in one year?

Our joint modified adjusted gross income will be below the amount required for deductible IRA contributions. Both of us have some self employment income from consulting (other income from investments, payments from sale of partnership interest, etc.). We both have solo 401ks. H's contribution to his...
by J295
Sun Feb 12, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Should I count value of homes in my Swensen AA?
Replies: 15
Views: 844

Re: Should I count value of homes in my Swensen AA?

We don't include home in determining asset allocation.
by J295
Fri Feb 10, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 53
Views: 7751

Re: Get $250 from Wells Fargo

FYI. We are doing this offer. Signed up online nearly a month ago and have received various emails and made our initial deposit and now waiting on the debit cards. Has taken about 30 days. Slow, but since we are only funding with $2k and not in a big hurry no big deal.
by J295
Fri Feb 10, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Terrible negotiator - need help with words to use [Buying a car]
Replies: 94
Views: 5974

Re: Terrible negotiator - need help with words to use [Buying a car]

Do it all by email. We bought our 2016 Lexus with an email process with various dealers. Started with 10 dealers on day 1 and by day 3 SUV was purchased from an out of town dealer for substantially less than the local dealer bid.
by J295
Thu Feb 09, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 68
Views: 9616

Re: Advice for a soon-to-be MLB draftee

Lady Geek's comment is correct .... Sports players have special investing needs Except for letting someone handle a small portion of our portfolio for a few years quite a while back, we've managed our finances and investments since day 1, starting with my first investment in college in 1979. I say t...
by J295
Tue Feb 07, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 5
Views: 551

Re: Long Term Care Insurance

Appreciate the references to the other threads .... and the other replies.
by J295
Tue Feb 07, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 141
Views: 18774

Re: Wow, Vanguard Flagship service is bad. Really bad.

I have accounts at both VG and Fidelity and have found the Fidelity service to be superior... I have very little need for service, but when I do it is outstanding .... fyi
by J295
Tue Feb 07, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve - reg 300 travel credit
Replies: 5
Views: 648

Re: Chase Sapphire Reserve - reg 300 travel credit

automatic confirmed here.
just opened the account and a couple of weeks later purchased an airline ticket for $305.
looked online (haven't even finished the first billing cycle) and the credit is there.
nice!
by J295
Tue Feb 07, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 5
Views: 551

Long Term Care Insurance

I know there is a BH wiki, but I don't recall this subject receiving much attention in the forum.

We are both 57 and in a position where we can reasonably self insure against long term care expenses.

What is the group insights on purchasing LTCI in our situation?

Thank you.
by J295
Tue Feb 07, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Insights for Long Distance Grandparents
Replies: 23
Views: 1264

Re: Insights for Long Distance Grandparents

Fantastic insights and very much appreciated. Thanks!
by J295
Tue Feb 07, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Glasses, ball sports, and aging eyes
Replies: 26
Views: 2052

Re: Glasses, ball sports, and aging eyes

OP ... who wrote your prescription? When you purchased your glasses were there any nuances to the frame choices that impact functionality? Perhaps the prescription and frame choice (and other??) should be reviewed by a "sports expert." For example, my eye surgeon friend runs ads for the va...
by J295
Tue Feb 07, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Fixing Automatic Garage Door Motor
Replies: 18
Views: 1455

Re: Fixing Automatic Garage Door Motor

Update from OP .... decided to purchase a new unit ($200 Lift Master from local garage door company). Easy install given that I already had a Lift Master in place), and fun too! Super easy to program to hand held opener, garage keypad, and car mirror button. Thanks again for those that helped out wi...
by J295
Tue Feb 07, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: Insights for Long Distance Grandparents
Replies: 23
Views: 1264

Insights for Long Distance Grandparents

First grand baby will arrive about 1,000 miles away. Any insights for us as long distance grandparents? We are a tight family and financial resources are not an issue (we are 57 and retired; new parents have a home in a major metropolitan area). In the past we purchase airline tickets for any of the...
by J295
Tue Feb 07, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 62052

Re: Do you think Ric Edelman is correct, never pay down mortgage

Personally, we've been quite satisfied to live without debt; so I'd have to say the statement is incorrect.
by J295
Fri Feb 03, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 1502

Re: Solo 401(k) purely to receive rollovers?

FYI my recollection is that from an asset protection standpoint the typical employer 401k has asset protections that are greater than the solo 401k. You could likely confirm on wiki or Google.
by J295
Wed Feb 01, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Fixing Automatic Garage Door Motor
Replies: 18
Views: 1455

Re: Fixing Automatic Garage Door Motor

Circling back to say thanks to all of you who weighed in. Really appreciate the insights.
by J295
Tue Jan 31, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Help!
Replies: 9
Views: 657

Re: Health Insurance Help!

Go the the website for the Affordable Care Act and get and you can get an idea of premium options. Note, if you currently have employer coverage available I believe you will not be able to purchase through the ACA. You can always explore individual coverage. You might also look at the Kaiser website...
by J295
Tue Jan 31, 2017 8:02 pm
Forum: Personal Consumer Issues
Topic: Fixing Automatic Garage Door Motor
Replies: 18
Views: 1455

Fixing Automatic Garage Door Motor

We have a 1998 1/2 HP Master Lift automatic garage door (double garage door). Has worked great until recently when all remotes (hand held, key pad, car) all stopped. Garage door still works automatically from the wired garage door button inside garage, but no remotes working (can't get any signal fr...
by J295
Tue Jan 31, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3210

Re: Are you changing your AA based on current events?

No change for us.

Since I started investing in 1979 I've heard quite a few "it's different this time" statements ...... I suppose sometime it may really be different, but until then I stick to our IPS
by J295
Mon Jan 30, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund options
Replies: 23
Views: 1437

Re: Doner Advised Fund options

Fidelity experience has been great
by J295
Mon Jan 30, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Utilizing a trainer to maintain fitness in retirement
Replies: 39
Views: 2646

Re: Utilizing a trainer to maintain fitness in retirement

Age 58 I don't personally use a trainer at the health club, but know many who do and get great benefit from it. I've been involved in athletics and health/nutrition most of my life, and don't really have a good reason to have a trainer to meet my objectives. Others who also have a history is athleti...
by J295
Mon Jan 30, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a character flaw?
Replies: 101
Views: 7961

Re: Is joining a country club a character flaw?

So you can filter my response .... retired (mostly) at age 53 and bought a town home on a Pete Dye designed golf club where we have been members for about 20 years ..... I'm the first one in the family to go to college, and growing up I knew the difference between our non-country club situation and ...
by J295
Mon Jan 30, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to maximize redemption of Chase Sapphire points?
Replies: 16
Views: 2603

Re: Best way to maximize redemption of Chase Sapphire points?

If you have need for airline tickets the standard "best" way to use them is through the Chase portal rather than transfer to another airline.
by J295
Sun Jan 29, 2017 8:30 pm
Forum: Investing - Theory, News & General
Topic: Try and hit it big with 25% of your portfolio?
Replies: 51
Views: 4938

Re: Try and hit it big with 25% of your portfolio?

For the right person in the right situation, I think it reasonable to allocate a modest percentage, say 10% +/-, to "special circumstance" investments of a private equity/ownership nature. My dad did this, I did this, and I suspect some of our now adult children will have this opportunity ...
by J295
Sat Jan 28, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Game won with market up and retire or Not Yet?
Replies: 33
Views: 4849

Re: Game won with market up and retire or Not Yet?

For what it may be worth .... I (mostly) retired at 53, and am starting year 5 and love it. We prepared for it financially, emotionally, and professionally for quite some time. Our family consists of three independent grown children, one wife and one dog. Although we don't need the resources, my wif...
by J295
Fri Jan 27, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Full time to part time.
Replies: 41
Views: 3067

Re: Full time to part time.

To the extent there is push back against the part time idea there are quite a few comments about the "risks" of going to part-time and earning less money ..... in contrast there is more limited dialogue about the "risk" of never recovering the time lost working Of course, parents...
by J295
Fri Jan 27, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: What do you include in your asset allocation calculations?
Replies: 43
Views: 3339

Re: What do you include in your asset allocation calculations?

Exclude home/cars/personal property, and exclude social security.
Include the rest (which included, for example, multi year payments from sale of closely held business).
by J295
Wed Jan 25, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: If We Know Bonds Will B Going Down.....
Replies: 24
Views: 2255

Re: If We Know Bonds Will B Going Down.....

Kuota Rider » Tue Jan 24, 2017 11:55 pm ....Yes, it is more risk on the stock side, but there is a strong risk on the bond side in the current year. Respectfully, the changing of your allocation from "bond" to "stock" is not something I'd pursue. I view the risks of each of thes...
by J295
Wed Jan 25, 2017 7:08 am
Forum: Personal Consumer Issues
Topic: Full time to part time.
Replies: 41
Views: 3067

Re: Full time to part time.

OP ... Best of luck. Great of the two of you to consider creative options to balance work and family. One thing that hasn't been mentioned that you may wish to consider .... whether the part-time work (and the dispositions of your spouse and his employer) is such that it truly can be limited to part...
by J295
Tue Jan 24, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Pickle - how to disengage advisory services
Replies: 19
Views: 2008

Re: Pickle - how to disengage advisory services

Consider that you may have VG, Fido, or whomever your new firm will be initiate transfer of the actual securities into your new account then you can have a little breathing room to figure out exactly what you want to do. Perhaps this is your plan, but thought I'd mention it here fyi. Best of luck.
by J295
Tue Jan 24, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Do your own taxes?
Replies: 27
Views: 2051

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: 87
Views: 6205

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: 87
Views: 6205

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: 7344

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: 19
Views: 4164

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: 2886

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.

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