Search found 37 matches

by JJP
Thu Apr 28, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Too Much in Retirement Accounts?
Replies: 35
Views: 4809

Saving Too Much in Retirement Accounts?

A good financial friend of mine recently purchased his first home which he plans to live in and rent out the rest of the rooms. He seems to think that I'm saving TOO MUCH in my retirement accounts and not saving enough outside of them (towards a down payment, etc). His opinion is that renting is thr...
by JJP
Mon Jan 04, 2016 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA planning close to $117k income limit
Replies: 11
Views: 1540

Re: Roth IRA planning close to $117k income limit

Smith,

I'm in the same boat as you earnings-wise. My plan is to put everything in taxable accounts for this year. Next year when the MAGI has been calculated, I'll fill the Roth. I miss out on a year of tax-free growth, but it still grows in the mutual fund either way.
by JJP
Fri Dec 25, 2015 8:48 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1623
Views: 338334

Re: What Movie Have You Recently Watched?

I saw the 70mm roadshow version of Tarantino's new movie The Hateful Eight on it's opening night last night. If you enjoy his work, you will enjoy this movie also. The camera work was incredible, the dialogue (if it's for you) is classic Tarantino, and the musical score is perfect. The experience of...
by JJP
Fri Dec 25, 2015 7:37 pm
Forum: Personal Consumer Issues
Topic: How to Buy Luxury Watches/Jewelry
Replies: 16
Views: 1825

Re: How to Buy Luxury Watches/Jewelry

We went comparison shopping earlier this month on a Breitling Super Avenger. I looked in the Breitling Boutique located in Caesar's Palace in Las Vegas, and they offered the full price option of $5835. I found the same watch from the Breitling Boutique on the Dutch side of St. Maarten. They showed m...
by JJP
Fri Oct 30, 2015 9:32 am
Forum: Investing - Help with Personal Investments
Topic: switching to PCRA, would like some insights
Replies: 17
Views: 1035

Re: switching to PCRA, would like some insights

I use the Schwab PCRA and use the Total Market and Total International funds you spoke of. It works great! Regarding bonds, my company has the Vanguard Total Bond Market index offered in our choice of funds (but not Total Market or International...go figure) so I keep my allocation to bonds in that ...
by JJP
Sat Oct 24, 2015 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 111
Views: 11783

Re: Age when you started to max out your retirement accounts?

I just maxed out my 401k (18k) for the first time about a month ago. Age 26! The Roth IRA has been filled the past 3 or 4 years I've had it, and this year I'm also fully funding my HSA. Woohoo! The tough part now is finding a place for all of the extra cash I have available after maxing the 401k. Mo...
by JJP
Tue Jul 14, 2015 10:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do about Mom's Variable Annuity?
Replies: 4
Views: 465

What to do about Mom's Variable Annuity?

Mom's got a variable annuity, an investment avenue I'm not too familiar with (nor wish to be), that she purchased in 1998. She's asked me to see if there are better options out there (which I'm sure there are). The annuity is with Putnam Investments and there is about $30,000 in the account. The con...
by JJP
Fri Mar 20, 2015 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 3298

Re: Lowest income at which able to Max 401k and IRA

Filled my Roth IRA and 401k last year on $55k. Age 25, extremely low expenses.
by JJP
Sun Feb 08, 2015 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Getting a New Job - 401k Rolling Questions
Replies: 5
Views: 509

Possibly Getting a New Job - 401k Rolling Questions

There's a possibility in the new next few months that I will be working for a different company. If I do end up leaving, I would like to roll my 401k, all Roth contributions on my end, into a Roth IRA with Vanguard. My question is now this: I already have a Roth IRA with Vanguard. Will the Roth mone...
by JJP
Wed Jan 28, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: why is the Starwoods Preferred Guest AMEX worth the fee?
Replies: 5
Views: 878

Re: why is the Starwoods Preferred Guest AMEX worth the fee?

There is also the debate of SPG vs. Hilton....each card has it's perks, and it all depends on which you prefer. I've heard excellent things about both. :happy

If I spent more, I'd be using one of them.
by JJP
Fri Dec 12, 2014 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Best travel rewards card for my unique situation
Replies: 11
Views: 2218

Re: Best travel rewards card for my unique situation

Congrats on paying off your card each month. I am in the same boat as you (airlines), and swear by my Bank of America Travel Rewards card. You get 1% worth of points on everything, and it has a 0% foreign transaction fee. I've used it in Canada, Australia, Hong Kong, Poland, Italy, etc and have not ...
by JJP
Tue Oct 07, 2014 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: New B of A visa chip card, no pin needed?
Replies: 35
Views: 3224

Re: New B of A visa chip card, no pin needed?

I've never been asked for a PIN internationally. Each time it's been a signature.
by JJP
Mon Oct 06, 2014 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Cash In Credit Card Points? Or Keep Accumulating?
Replies: 28
Views: 3100

Re: Cash In Credit Card Points? Or Keep Accumulating?

Thanks for the thoughts! To add to what lululu said, I put EVERYTHING I can on the credit card for the points (and pay it off each month, of course). Granted I don't accumulate as much as some, seeing as I only spend $1k-2k a month, but it is even more beneficial if you have business expenses that a...
by JJP
Sun Oct 05, 2014 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cash In Credit Card Points? Or Keep Accumulating?
Replies: 28
Views: 3100

Cash In Credit Card Points? Or Keep Accumulating?

I'm looking to get some opinions on this one. I've got about $300 worth of credit card points through Bank of America Travel Rewards that sit in my account doing nothing. After some thought, that is essentially $300 that is not accumulating any interest. I'm not saving for anything in particular eit...
by JJP
Thu Sep 04, 2014 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab PCRA...Worth it?
Replies: 6
Views: 1008

Schwab PCRA...Worth it?

My employer just switched to Schwab this year, and I was recently referred to the PCRA, Personal Choice Retirement Account. Does anyone have any experience with this? Can I still manage Roth 401k contributions with it? Ideally I will be using Schwab's index funds to take advantage of the lower fees ...
by JJP
Fri May 23, 2014 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 16048

Re: How do you make your money?

24 years old. Regional airline pilot. Just starting out and building the portfolio. Not married and 0 kids. I work a TON, but I appreciate the fact that I can travel anywhere in the world for nothing or close to it.
by JJP
Sun Mar 16, 2014 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 12413

Re: Do you love your job? What do you do?

Still 24, but I'm going on 3 years as a regional airline pilot. I was extremely lucky and fortunate to get the job far below minimum requirements at age 21. That's the beauty of some networking and connections. I love the flying aspect and still have the thrill every time I push the throttles up on ...
by JJP
Sat Feb 08, 2014 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance and Investment Advice
Replies: 4
Views: 425

Re: Personal Finance and Investment Advice

Another +1 for dumping the $6000 in your taxable account straight into the 8% loan. And another for putting as much as you can into those 2 loans.
by JJP
Sat Feb 08, 2014 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard LifeStrategy Funds - Taxable Account
Replies: 6
Views: 1926

Re: Vanguard LifeStrategy Funds - Taxable Account

I use the LifeStrategy Growth fund in my taxable account in order to keep some money accessible, as you mentioned. The growth fund is 80/20 so it's more tax-efficient than say a 60/40 fund. It does stay simple and rebalances automatically. I've been thinking about eating the taxes on it and splittin...
by JJP
Fri Jan 31, 2014 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Excess money in my Taxable Accounts
Replies: 10
Views: 1040

Re: Excess money in my Taxable Accounts

Congrats on doing so well. I hope to be in your shoes one day. I would bring up the emergency funds to 9-12 months (personal preference, especially since you own a home) and start some taxable investing in a mutual fund. Depending on how aggressive you want to be, a good starting point would be a Va...
by JJP
Wed Sep 11, 2013 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Lack of Gain/Loss When Selling Stock
Replies: 3
Views: 307

Lack of Gain/Loss When Selling Stock

In an effort to condense my portfolio, I sold a stock in my portfolio that I have had since 2006-ish to move the money to a mutual fund. However, Vanguard was unable to provide any cost basis information for gains/losses. The amount isn't much, and I believe I broke about even on it, if not a small ...
by JJP
Tue Aug 20, 2013 11:08 am
Forum: Personal Consumer Issues
Topic: Laptop Dead After 2.5 years
Replies: 87
Views: 7426

Re: Laptop Dead After 2.5 years

I'm still running a Lenovo T61 customized back in 2007 (shipped straight out of Asia) from the summer before I started college. Virtually everything is original except the screen, battery, and charger. It's a great laptop, and I swear by Lenovo because of it. I've thought about buying a bigger hard ...
by JJP
Tue Aug 13, 2013 9:49 am
Forum: Investing - Help with Personal Investments
Topic: When to Split the Vanguard LS Growth Fund?
Replies: 2
Views: 334

When to Split the Vanguard LS Growth Fund?

I'm looking at splitting my LifeStrategy Growth Fund (VASGX) into the individual funds for better asset allocation once I get enough to cover the Total Stock Market Admiral Shares fund ($10000). It looks like I'm coming up on that time. Currently I'm young (24) and in a fairly low tax bracket so I'm...
by JJP
Tue Aug 06, 2013 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Poll, How much do you buy online
Replies: 19
Views: 766

Re: Poll, How much do you buy online

Certain items I can't get in stores easily I'll buy online. Most times it's electronics (battery for an older laptop) or odds and ends (just bought electric toothbrush heads on Amazon since I can't find them in stores). Sometimes you can get a good deal on used books online as well. I bought my Leno...
by JJP
Thu Aug 01, 2013 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Going to Europe and Getting the Best Exchange Rate
Replies: 9
Views: 717

Going to Europe and Getting the Best Exchange Rate

I've done some browsing around to try to get the best exchange rate and I'm getting conflicting information. I've got a Travel Rewards BoA credit card for all of the hotel/dinner purchases while we're over there which uses the current day exchange rate (it's great!). However, when it comes to cash, ...
by JJP
Wed Jul 31, 2013 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Plan
Replies: 9
Views: 974

Re: Financial Plan

Thank you. I think I will decide between Vanguard Target Retirement 2055 (VFFVX) or Vanguard LifeStrategy Growth Fund (VASGX). VASGX has an expense ratio 0.01% lower, so I guess it depends on risk tolerance. Should I prefer one to the other? I'm just a few years older than you and am also in the pr...
by JJP
Wed Jul 31, 2013 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Fund Placement Question
Replies: 5
Views: 839

Re: Tax Efficient Fund Placement Question

Is it true that Vanguard will not let you place ETFs in IRAs and you must go for the mutual fund replacement?
by JJP
Mon Jul 29, 2013 5:51 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Network Quality
Replies: 23
Views: 2826

Re: T-Mobile Network Quality

I've had T-Mobile for years and only have issues in a few areas. A lot of my friends with Verizon have 3G data service in more rural areas when I only have 2G (which is SLOW if it works at all). 4G LTE on the Galaxy S4 is lightning fast, and I love it. The price is the best that I've seen. Compared ...
by JJP
Sat Jul 20, 2013 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: 25 year old and home purchase
Replies: 14
Views: 1965

Re: 25 year old and home purchase

Thanks everyone for the responses. I thought hard about this and think it would be wise for me to wait. I was feeling pressure to 'upgrade' my lifestyle and was worried I would lose an opportunity with the rising interest rates. To give some rough numbers, I current live in a 350k condo with no mor...
by JJP
Sat Jul 20, 2013 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Your Preference on Credit Card
Replies: 32
Views: 3152

Your Preference on Credit Card

The big thread on paying the credit card got me curious, what credit card do you use and why? I've got myself a Bank of America Travel Rewards card. 0 foreign transaction fees (I travel international periodically for work and pleasure), 0 annual fee, I get points on purchases which I transfer to cas...
by JJP
Sat Jul 13, 2013 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Change to Mom's IRAs
Replies: 4
Views: 434

Re: Change to Mom's IRAs

Thank you all! I will make it happen.

Taylor, as a side note, the book is EXCELLENT. I'm recommending it to friends! Thanks for your efforts.
by JJP
Sat Jul 13, 2013 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Change to Mom's IRAs
Replies: 4
Views: 434

Change to Mom's IRAs

I'm currently reading the Boglehead's book so I decided to take a look into the Mom's finances. I noticed she is fairly aggressive with her retirement funds and has had them for 10+ years with no change in allocation. Her current age is 51. We were thinking about making a change from 3 actively mana...
by JJP
Sat Feb 23, 2013 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Split Between Roth IRA and Roth 401k?
Replies: 5
Views: 991

Re: Time to Split Between Roth IRA and Roth 401k?

It's a 1-1 match up to 3%. Would it be even better for a 3% Roth 401k and 12% Roth IRA split? I'm assuming this is due to lower expenses? Fill the IRA then put the rest into the company 401?
by JJP
Sat Feb 23, 2013 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Split Between Roth IRA and Roth 401k?
Replies: 5
Views: 991

Time to Split Between Roth IRA and Roth 401k?

My company is switching to Schwab for it's current retirement plan (Principal 2055 fund, .39% expense ratio) and moving to the BlackRock Lifepath 2055 fund with a .54% expense ratio (LIVAX). I get a 3% match on the 15% I put in. I've reviewed the Roth 401k vs Roth IRA info, and it seems like a good ...
by JJP
Fri Feb 08, 2013 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Company Changing 401k Providers...Also Gross vs Net Expenses
Replies: 5
Views: 1401

Re: Company Changing 401k Providers...Also Gross vs Net Expe

I doubt the 8.7% is correct. It must be an error. Give it a little time to fix itself, and then ask again. The net ER is what you will be paying. You can't just set up your own 401k. You can though contribute enough to the 401k to get your match and then look at getting a Roth IRA at Vanguard. Than...
by JJP
Fri Feb 08, 2013 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Company Changing 401k Providers...Also Gross vs Net Expenses
Replies: 5
Views: 1401

Company Changing 401k Providers...Also Gross vs Net Expenses

A quick rundown... My company is changing 401k providers from Principal to Schwab. The company matches 2.5% currently, and I'm putting in 15% into the 2055 fund at Principal, which has been doing well, and is only .39% expense ratio. The new plan is the BlackRock LifePath 2055 (LIVAX). It has a gros...
by JJP
Fri Jan 11, 2013 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks/Funds Advice for a Starter
Replies: 2
Views: 415

Stocks/Funds Advice for a Starter

Hey everyone. Found this site tonight so I figure I'd give the forum a try. I'll try to be straight to the point with what I'm looking for: Background: Age 23. Single. Starting investing. Fairly knowledgable. Mid 20k Cash on hand. Roth Deferred 401k through work @ 15%. Income varies $35-55k. Some in...

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