Search found 1323 matches

by JDCarpenter
Fri Jul 28, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 6813

Re: Post Nuptial agreement guaranteeing alimony?

... Can you explain this? Are you telling me that my employer has legal right to control my spouse's employment? Obviously, the basic assumption is that they do NOT work for the same employer. I believe you are asserting that the preconditions are NOT ALWAYS absurd and husband's employer *may* lega...
by JDCarpenter
Fri Jul 28, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 6813

Re: Post Nuptial agreement guaranteeing alimony?

... No, the real problem is that the preconditions outlined here are absurd. Nothing legally allows husband's employer to put specific restrictions on his spouse's employment. ... These two sentences don't necessarily go together. And, at least in many states, the second one is probably wrong. (Dep...
by JDCarpenter
Thu Jul 27, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 66
Views: 6033

Re: Free Reading

4.5 gutenberg.org is not the entirety of gutenberg. If you examine the UK, Canada, and Australia, for example, they have their own outposts. This is of interest for people living there, as the copyright protections tend to be shorter than in the US. (Thanks, Mickey!) Of course, those of us living in...
by JDCarpenter
Thu Jul 27, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 6177

Re: Where to View Total Eclipse? - Kansas City / Nashville et al

I'm in Nashville, and we were planning to drive 25 miles or so out to a cousin's house outside of Gallatin, smack underneath the path. But now you guys have me wondering about how bad the traffic will be, and whether or not it might be worth just staying in town. Hmmm... If your cousin could drive ...
by JDCarpenter
Thu Jul 27, 2017 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 4691

Re: Why not Schwab instead of Vanguard?

As a schwab customer, the reason to use Vanguard is their breadth of low cost offerings cannot be beat. If you just want a three fund portfolio then Schwab is very good. They say Schwab has very good customer service, but in four years I have had little interaction with them. If you travel internat...
by JDCarpenter
Wed Jul 26, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 6813

Re: Post Nuptial agreement guaranteeing alimony?

... As Niels Bohr and Yogi Berra said, it's hard to make predictions, especially about the future. But an agreement can provide some protection against reasonably foreseeable events. ... +1. My perspective is/was perhaps an example of allowing the perfect to be the enemy of the good. (And, of cours...
by JDCarpenter
Wed Jul 26, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 6813

Re: Post Nuptial agreement guaranteeing alimony?

notmyhand, It is nigh-impossible to construct a legal agreement that covers all possibilities in an unambiguous manner. (I know--I made my living in disputes over the meaning of what teams of negotiators thought were solid agreements....) At a certain point, it comes down to trust and a reasonable d...
by JDCarpenter
Tue Jul 25, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17366

Re: Buying house - Very important decision

Dont mean to restart the same topic, but a coworker was mentioning that he knows some folks who bought multiple SFH homes. Apparently they are able to rent couple of them for about the same as mortgage amount. He also says there is no way in hell prices are going to come down here. Wondering if thi...
by JDCarpenter
Mon Jul 24, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: $1m Windfall, Invest in a Taxable Account?
Replies: 8
Views: 1555

Re: $1m Windfall, Invest in a Taxable Account?

What are the terms of the trust? What is your desired asset allocation--and what other assets do you have? When do you need the principal or part of it (assuming it is accessible)? 25% individual, or MFJ? (i.e., just how big is the trust corpus to your earnings?) Have you invested before? If so, how...
by JDCarpenter
Mon Jul 24, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17366

Re: Buying house - Very important decision

Prettybogle, congrats on the decision. At least another year of living on a nice budget and saving cash for the time that you buy a house. Also, with regard to anyone around here seeing Nashville as the next S.Valley, they are nuts. Look at just one factor--how easy is it to add housing units here v...
by JDCarpenter
Fri Jul 21, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2489

Re: Turned 44...performance against forecast

Impressive, even when subject to next market drop. You guys are definitely working per the plan! The closest tracking of that type for us was when we projected our desired retirement income way back in 1990 or so (we were 30/29 then). Came across it when cleaning out old papers last year and, when a...
by JDCarpenter
Thu Jul 20, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Medical Coverage Outside US
Replies: 45
Views: 3130

Re: Medical Coverage Outside US

Travel medical insurance is probably over-priced, because those who think they may need it are more likely to buy it. ... Victoria Good point. Some outfitters require it for all customers, which may alleviate the selection bias... (We've been notified of such requirements for Salkantay trek in Peru...
by JDCarpenter
Thu Jul 20, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Medical Coverage Outside US
Replies: 45
Views: 3130

Re: Medical Coverage Outside US

I just spent a fair amount of time researching travel health insurance. Went with geoblue and a year-long plan. m They (and others) offer either term plans or trip plans at quite reasonable premiums. (As noted above, most out-of-country stuff would be no big deal to cover out of pocket--but medical ...
by JDCarpenter
Thu Jul 20, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 8420

Re: Can anyone convince me I need international stock in my portfolio?

http://intmstat.com/exponential-logarithmic-functions/nikkei-225-to-sep2011.png +1. (Although the nikkei has doubled since the chart ended in Sept. 2011, it just closed at 20,145, as opposed to the December 1989 high of 38915.87.) Back to the OP's Question. The answer is No; no one can convince you...
by JDCarpenter
Thu Jul 20, 2017 7:19 am
Forum: Investing - Help with Personal Investments
Topic: What to do after 401k and IRA max? Not found in wiki?
Replies: 12
Views: 791

Re: What to do after 401k and IRA max? Not found in wiki?

... Are there recommendations as to what kind of taxable investing account one should aim for? REITs? Simple index fund? ... The account can hold any type of investment(s). As for as the investments, they should be consistent with your overall asset allocation and be tax efficient. REITs are not go...
by JDCarpenter
Tue Jul 18, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Best use of money?
Replies: 5
Views: 917

Re: Best use of money?

I agree with your thoughts that anything needed for home purchase in 1-2 years should be kept in "cash" or close to it. Online savings accounts are paying 1.15% or better.... Index mutual funds are good--but not for such a short time period. You could almost as easily lose 10% in one year ...
by JDCarpenter
Tue Jul 18, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 2871

Re: COBRA vs. ACA plan - what to consider?

One other thing with COBRA, there was a third party company that admistered my companies COBRA. Between my old company and the third party company they made everything a awkward as possible and did the minimum that they legally could about notifying me when payments were due. It was clear that they...
by JDCarpenter
Tue Jul 18, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you guys accept first Job offer or negotiate?
Replies: 26
Views: 1928

Re: Do you guys accept first Job offer or negotiate?

It all depends. Here is anecdata: I didn't counter on job offers (first one was biglaw associate, another about 10 years ago, we just negotiated to a mutually acceptable structure over lunch); DW did both times (private practice doc and she was in demand). Son and daughter-in-law in NorCal have ever...
by JDCarpenter
Mon Jul 17, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 2871

Re: COBRA vs. ACA plan - what to consider?

... Thanks for the good points. And I do already have some deductibles and coinsurance expenses this year , and will not be eligible for any premium subsidy, so yes picking COBRA for now and reviewing new ACA plans / cost in regular open enrollment seems like a no-brainer. This has made it a no bra...
by JDCarpenter
Mon Jul 17, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)
Replies: 16
Views: 1672

Re: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)

Why is net worth info needed to buy term life insurance? I would not provide that. None of their business. They are probably looking out for insurable interest and reasonableness. Wouldn't want someone taking out a $10M policy on their penniless neighbor whose stairs are [ soon going to be ] in hor...
by JDCarpenter
Mon Jul 17, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Which mutual fund paper records do you keep?
Replies: 7
Views: 361

Re: Which mutual fund paper records do you keep?

Some of our mutual funds we have had for over 20 years. I keep the end of year statement for each. This is lot of paper. I also record in a spreadsheet at the end of year dividends, interest, capital gains, beginning and end of year shares & share price. If I record the summary data in a spread...
by JDCarpenter
Thu Jul 13, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement on track, feedback appreciated . . .
Replies: 9
Views: 854

Re: Retirement on track, feedback appreciated . . .

Just adding the numbers up, you should be very close--depending upon where markets go in that time and what your asset allocation is. (I.e., a 30% stock market drop with majority of nonspecified holdings in equities would not be helpful.) Given the paid-off housing, my guess is that, like DW and me,...
by JDCarpenter
Thu Jul 13, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Big change in our situation affecting our AA- how to handle?
Replies: 11
Views: 1143

Re: Big change in our situation affecting our AA- how to handle?

I agree with Tomato, ignore both the capital account and the accompanying loan for Asset allocation. 1) will likely become inconsequential numbers in the near/medium term. 2) cap account is quite difficult to access and functions more like home equity than a fixed income investment. 3) just treat th...
by JDCarpenter
Thu Jul 13, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Ditching our money man, whats next?
Replies: 9
Views: 1259

Re: Ditching our money man, whats next?

... 27 year old who in the last year graduated dental school, married, bought a house and started first real job. ... My head is spinning! (I remember those days though....) Congrats on getting a good handle on finances when starting out. That will serve you quite well. I'll second BolderBoy's poin...
by JDCarpenter
Wed Jul 12, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7238

Re: Do you consider business travel to be a perk or a burden?

Yes.

In other words, it depended upon our time of life and the nature of the business travel. More likely to be a burden with small kids and multiple consecutive weeks/weekends out of town....
by JDCarpenter
Tue Jul 11, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Self insuring LTC
Replies: 15
Views: 1390

Re: Self insuring LTC

...I figure that, if I'm in a nursing facility, I'm no longer taking trips, eating at expensive restaurants, buying Tesla, so I should probably be spending less than I would in normal retirement. YMMV. +1. Agree as well. Although not at TT's level, we have large discretionary budget that would not ...
by JDCarpenter
Fri Jun 30, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 1990

Re: Effect of bankruptcy on ira

Rwsavory wrote:The relies on this thread are well-meaning, but many of them contain incorrect and incomplete information regarding exemptions available in bankruptcy. Consult a competent bankruptcy attorney in your state for accurate guidance.


Agree. Any discussion here is going to be incomplete.
by JDCarpenter
Fri Jun 30, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 1990

Re: Effect of bankruptcy on ira

JDCarpenter .... (d)(12) references back to (b), which ties in state law (and our state law has a cap on IRAs, like many states, for example). Perhaps a rollover gets 100% exempt treatment, perhaps not, I just haven't seen case law on it and (d)(12) standing alone doesn't make it clear to me. Thank...
by JDCarpenter
Fri Jun 30, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 1990

Re: Effect of bankruptcy on ira

... As for the post indicating the rollover has the same protection as the 401k, the article states this to be the case but on a quick review I didn't see any technical analysis (either bankruptcy code citations or case law -- and if it were case law note that it can vary from circuit to circuit). ...
by JDCarpenter
Fri Jun 30, 2017 7:47 am
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 12445

Re: How did you handle the costs of your child's wedding?

I don't think this is the battle which I will win against "the boss". When I said bride and groom's parents, I really meant 50% of the bride and groom's parents who insists on wedding extravaganza . That is generally true--but it is not necessarily one sex or the other who is driving this...
by JDCarpenter
Fri Jun 30, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17366

Re: Buying house - Very important decision

... On utilities: again this will vary , but I have a 1000 sq ft smaller home than the OP also in the south & we do not water the lawn & have a new high SEER AC and we average about $400/month. I know my next door neighbors bills average around $750/month for a similarly sized house (they a...
by JDCarpenter
Fri Jun 30, 2017 7:33 am
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 1990

Re: Effect of bankruptcy on ira

I think the federal law protects IRAs in bankruptcy but not if you don't declare bankruptcy. Creditors still might be able to seize your IRA, depending on state law. Correct. Subject to the limitation explained in the Slott article if you manage to get a contributory IRA, as opposed to roll-over, u...
by JDCarpenter
Thu Jun 29, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 1990

Re: Effect of bankruptcy on ira

Here's something I found- Are IRA accounts exempt? m Question Are IRA accounts exempt? Answer ... Under the Federal exemptions, funds in any tax-qualified retirement account (pensions, IRAs, 401ks, 403bs, etc) are protected up to a value of $1,500,000.00. .... ..... Federal [Bankruptcy] exemptions ...
by JDCarpenter
Thu Jun 29, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17366

Re: Buying house - Very important decision

... Yes we live in nashville - franklin Unless you are working standard hours south of 440 or 100 Oaks, take a look at Wilson County/Mt. Juliet. Public Schools comparable to Williamson, but even with recent upturn, it is still a lot cheaper than Franklin. As you know, you are looking in the most ex...
by JDCarpenter
Thu Jun 29, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Variable Withdrawal Rates
Replies: 21
Views: 1518

Re: Variable Withdrawal Rates

... To combat the fluctuations, you can base your variable rate on a rolling average (my employer does a 3-year rolling average ). Let's say you do a 5% variable withdrawal with a $1M portfolio. Your $1M drops to $500K for a year. The next year, your withdrawal drops from $50K to $41K. Even if the ...
by JDCarpenter
Wed Jun 28, 2017 10:05 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 12445

Re: How did you handle the costs of your child's wedding?

Ok, $19.3K if you count the $300 to replace the wedding band I lost scuba diving in Cancun (to-date, that remains the most expensive dive I have ever done ) Heh, I lost my first wedding ring on our honeymoon snorkeling in Hawaii too... Lost two more before my wife gave up on me (Well, she gave up o...
by JDCarpenter
Wed Jun 28, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 12445

Re: How did you handle the costs of your child's wedding?

We have three sons, two of whom got married this year. Eldest and his wife are bay area engineers and footing the bill for their several geographically dispersed celebrations. Youngest one's wife's family picked up what, to us, seemed to be a pricey, small wedding. (We did buy dinner for the six of ...
by JDCarpenter
Wed Jun 28, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4257

Re: Looking into selling a structured settlement and need some advice

Tanelorn wrote:...
Do you think OP, who may have won a legal settlement from[a tortfeasor who paid the settlement via purchasing an annuity from] an insurance company, is a "policy holder"? ...


FTFY. And, in my experience, yes.
by JDCarpenter
Tue Jun 27, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13668

Re: Sam's Club vs. Costco

Which Sam's Club? In our experience, they differ drastically depending upon the demographics of the area in which they are located. Near us, we can't buy a bottle of Dom if we want to celebrate with a bubbly; near in-laws, Sam's stocks that. Costco, in our limited exposure to it, is pricey and full ...
by JDCarpenter
Fri Jun 23, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 7808

Re: Can you share some of your financial goals?

After buying a home I've had 3 three "goals" for every dollar and "invest accordingly" for these: 1) ... 2) Send the kids through college debt-free savings (finished this goal - now withdrawing from it until complete). 3) A comfortable Retirement (this is certainly the biggest o...
by JDCarpenter
Fri Jun 23, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice with retirement planning and investments
Replies: 9
Views: 666

Re: Advice with retirement planning and investments

I'm in the "put it in immediately" camp. If you don't want to do that, there are good behavioral arguments for doing set-in-advance dollar cost averaging; say, 5% each month beginning July 1. This raises the question though of whether 75/25 is the appropriate asset allocation for you. If ...
by JDCarpenter
Fri Jun 23, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Advice with retirement planning and investments
Replies: 9
Views: 666

Re: Advice with retirement planning and investments

... Desired Asset allocation: 75% stocks / 25% bonds Desired International allocation: 30% of stocks ... About me I have never really paid attention to my retirement planning. I am a big procrastinator and not disciplined when it comes to investing. I am also a very impulsive person and every so of...
by JDCarpenter
Thu Jun 22, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3473

Re: Early retirement

I forgot the author, but he researched Safe Withdrawal Rates and determined that your age divided by 20 yields a SWR. He determined that there has never been a period of time since the modern stock market where assets were ever depleted at this rate. In other words, the 4% rule works at the age of ...
by JDCarpenter
Thu Jun 22, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: What does it mean to be a board-certified elder law attorney?
Replies: 10
Views: 1120

Re: What does it mean to be a board-certified elder law attorney?

I am looking for an estate attorney to help me with estate planning and I would prefer someone board-certified in elder law ..... Elder law is mainly Medicaid and guardianships. If you want someone to help you with your estate planning, you should look for a conventional trusts and estates lawyer. ...
by JDCarpenter
Wed Jun 21, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3473

Re: Early retirement

... We're in the 28% tax bracket. I currently hold intermediate term tax exempt and a state muni. Does our tax bracket justify the use of these? What is the yield on each of those funds? What is the yield on a comparably "safe" taxable fund? What is the yield on a US government bond fund ...
by JDCarpenter
Wed Jun 21, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3473

Re: Early retirement

Here are a couple of places to start reading, from the wiki: m m (talks about how to access funds if before 59.5) You mention "FRA," in connection with accessing the deferred accounts. FRA is actually full retirement age for Social Security (say, 66 or so for you); 59.5 is the key age for ...
by JDCarpenter
Tue Jun 20, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 2640

Re: Widowed mother - siblings try to make a plan

... Outside of the family dynamics/issues, are there any financial considerations I am blind to in looking at this? When you consult the attorney, make sure to inquire as to whether the state in which your mother will reside with her youngest has a "filial responsibility" law with respect...
by JDCarpenter
Tue Jun 20, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38961

Re: Regret early retirement/downsizing

Question for those who retired "early". I am 61 and considering retirement (I can do it financially ). Some writers on the subject say that you shouldn't just retire from something, you should have something to retire to. I have in mind the usual suspects: reading, volunteering, some trav...
by JDCarpenter
Tue Jun 20, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38961

Re: Regret early retirement/downsizing

... Technically, we haven't retired yet--but our ~2 years of notice runs out next month. We are retiring to travel. Only have relatively detailed plans for 2 trips encompassing 5 months (2 this year, 3 next),.... Any live aboard trips planned? Right now, just 10 days on Naia in Fiji, and another 9 ...
by JDCarpenter
Tue Jun 20, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38961

Re: Regret early retirement/downsizing

Question for those who retired "early". I am 61 and considering retirement (I can do it financially ). Some writers on the subject say that you shouldn't just retire from something, you should have something to retire to. I have in mind the usual suspects: reading, volunteering, some trav...