Search found 308 matches

by jaj2276
Thu Nov 02, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: What Type of Account to Save for Kid's 1st Car?
Replies: 29
Views: 1223

Re: What Type of Account to Save for Kid's 1st Car?

Open a UTMA, put the money in the Lifestrategy moderate growth (60/40) or the Lifestrategy growth fund (80/20). Each year you’ll receive a form 1099-div form, if unearned income is less than $1,050 and capital gains if any are less than $1,050 it will be tax exempt if you file tax return on behalf ...
by jaj2276
Fri Oct 06, 2017 6:42 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4515

Re: Too much house? (nervous 1st time buyer)

I bet you are going to regret your decision no matter what. If you proceed with buying, once you buy you're going to wonder what you were thinking (a big anchor, too expensive once you factor in all the updating/maintenance/insurance you have to pay, etc.). Whether it was a good decision or not won'...
by jaj2276
Thu Sep 21, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3299

Re: New to Investing. 450k cash

So my current plan is: Refinance with putting down 300k towards the mortgage. That makes my monthly payments decrease to 2200 from 3500. Remaining 150k I will use as emergency fund and to max out my 401k, traditional IRA for me and my spouse going forward. This will take about 24k/year since I was ...
by jaj2276
Tue Sep 19, 2017 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund: Am I thinking about this correctly?
Replies: 31
Views: 2389

Re: Donor Advised Fund: Am I thinking about this correctly?

I opened a DAF last year with ~$100k of stock that had a cost basis of about $55k. I then took $100k of my income and bought stock in my taxable so I effectively upped my cost basis of my stock holdings (as opposed to just donating $100k). My taxes worked exactly like I thought they would although m...
by jaj2276
Thu Sep 07, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 13
Views: 1408

Re: Variable Percentage Withdrawal

When I first read about VPW in the original thread something about it appealed to me. Maybe it was because the super-awesome/simple implementation allowed me to ponder endless what-if scenarios. Being in my early 40s it will be some time before I get to test out VPW against my portfolio. However I d...
by jaj2276
Tue Aug 22, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: How to Become a Spender?
Replies: 16
Views: 1613

Re: How to Become a Spender?

I really don't think you can *become* a spender. Unless maybe you get hooked on drugs or young(er) women. I mentioned to my wife that it was my intent to open up the purse strings going forward but I don't find any satisfaction in spending more. I do find satisfaction in saving more. This past vacat...
by jaj2276
Tue Aug 08, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Any veterinarians that can quickly weigh in re: estimate?
Replies: 39
Views: 4159

Re: Any veterinarians that can quickly weigh in re: estimate?

My 7-yr old black lab just had a full teeth cleaning and 1 triple root tooth extraction (the back molar). The total cost (including anesthesia) was $685. The line-item cost for the tooth extraction was $250. That $2k bill seems a bit high. The anesthesia was $230. The other $200 was for the teeth cl...
by jaj2276
Fri Jun 30, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Ok, I've changed the schedule a bit more. I've substituted Davenport for Burlington. I will still visit Burlington on the first day to get in Snake Alley, but will stay in Davenport. Maybe take in a Quad Cities minor league game but that would be an aggressive schedule. I doubt the baseball game wil...
by jaj2276
Tue Jun 27, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Ok so seems like I've shortchanged the Amana colonies. And since I got a definite no on Adventureland, maybe we'll do Amana colonies in place of Adventureland after visiting the Miss River museum. Seems like maybe I should try and stay in Iowa City and/or Davenport as opposed to Burlington. Maybe ev...
by jaj2276
Tue Jun 27, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Seeing as how this drummed up a good bit of interest, I'm going to go in to more detail about our itinerary (we made this a few weeks ago, well before I posted this thread). I'm using Google maps to estimate driving times. My big concern is that I don't know how much I'll stay at any given attractio...
by jaj2276
Mon Jun 26, 2017 6:47 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Thanks to everyone who has chimed in! Now I'm worried we won't have enough time to do all the things we'll want to do! My wife and I have been to (or have spent time in due to living there) 30 of the 50 states. Every single one of them has been enjoyable and has been a place where I could see myself...
by jaj2276
Mon Jun 26, 2017 6:40 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Ask Mark Zuckerberg? Or alternatively, Mark Zuckerberg, is that you? I spent some time in Omaha and Lincoln. The zoo is a good destination; one of the very best in the country. I enjoy the state fair but that's later in the summer. Definitely check out The Old Market in Omaha. (Lincoln is pretty bo...
by jaj2276
Mon Jun 26, 2017 6:35 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

I have not been there for decades but the Amana colonies in Iowa would be worth considering. https://www.tripadvisor.com/Attraction_Review-g29354-d108558-Reviews-Amana_Colonies_National_Historic_Landmark-Amana_Iowa.html I never made it there but the Sand Hills are a very unusual large geographic fe...
by jaj2276
Mon Jun 26, 2017 6:34 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Harper's Ferry IA (@ 1.5 hrs north of Dubuque): 1) Effigy Mounds National Monument From the website: "Sacred Space. The mounds preserved here are considered sacred by many Americans, especially the Monument's 20 culturally associated American Indian tribes. A visit offers opportunities to contempla...
by jaj2276
Mon Jun 26, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

You just missed the college World Series in Omaha. You can see if there are any concerts at centurylink center, or shows at the Orpheum theater. If staying downtown check out the old market for dining and shopping. Omaha has great restaurants, look for places in Old Market, Dundee, Blackstone, and ...
by jaj2276
Mon Jun 26, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

seersucker wrote:Check out Okoboji.
You had me at Boji Brewhaha.
by jaj2276
Mon Jun 26, 2017 6:27 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

If you like baseball, three of those have a minor league team. That's a fun evening for me when I'm in an unfamiliar town in the summer. Iowa Cubs, in Des Moines (Chicago Cubs AAA affiliate) Omaha Storm Chasers (Kansas City Royals AAA affiliate) Burlington Bees (Los Angeles Angels Class A affiliate...
by jaj2276
Mon Jun 26, 2017 6:24 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

Field of dreams :D On the itinerary, thanks. I hope it's not crowded though so I get to spend some time imagining some favorite ball players out on the field. Heck, I'd like to run the bases, not sure if that's allowed. In my mind the thing is going to look just like I remember it in the movies and...
by jaj2276
Mon Jun 26, 2017 6:23 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Re: Things to do in Iowa/Nebraska

nisiprius wrote:We plan to be in Nebraska August 21st with the hope of seeing the total eclipse of the sun. I won't say you should delay your trip six weeks, though.
We'll be in Charleston, SC for that ;)
by jaj2276
Sun Jun 25, 2017 7:16 pm
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 4496

Things to do in Iowa/Nebraska

We pull a state name out of a hat each year and this year Iowa was pulled. We're going the week after July 4th. Does anyone have any ideas on things to do/places to visit? We've filled out our itinerary so far, planning on spending a night in Burlington, two nights in Dubuque, two nights in Des Moin...
by jaj2276
Fri Jun 23, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 2669

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

... -- I can't believe that you have to pay an Attorney Review fee. That's usually rolled up in the attorney fee which itself seems a bit high but not awful. .... That's the fee for the bank's lawyer. It's so tiny because the buyer's lawyer prepares the documents for review by the bank's lawyer. No...
by jaj2276
Fri Jun 23, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"
Replies: 25
Views: 4403

Re: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"

Taylor, I think some of this is driven by clients. Clients want to see that their advisor is "doing something", I think seeing a three fund portfolio might raise objections after spending hundreds if not thousands on a financial plan. Probably ego not only on the part of the advisor but also on the...
by jaj2276
Thu Jun 22, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 2669

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

Most look ok. -- That application fee seems a bit high. -- I can't believe that you have to pay an Attorney Review fee. That's usually rolled up in the attorney fee which itself seems a bit high but not awful. -- Title insurance (lender's and owner's) is a little expensive but not by much. -- Survey...
by jaj2276
Sun May 28, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Unwinding a maturing UTMA to pay least taxes
Replies: 18
Views: 1508

Re: Unwinding a maturing UTMA to pay least taxes

I can't answer livesoft's question, but I did want to add a question on to my own. I opened a UGMA account (one of 2 states to have UGMA and not UTMA) for my 1.5 yr old last year. Should I tax gain harvest each year up to the kiddie tax threshold so that when the account transfers over, the minor ha...
by jaj2276
Fri May 26, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1225

Re: Portfolio Lending

I figured it out. I made my first purchase of a mutual fund today after the account was converted to margin and mutual funds require 100% margin for 30 days. After 30 days they become marginable. Basically all my MFs right now say "Vanguard Short-Term ... (Cash)" and after 30 days will change to ".....
by jaj2276
Fri May 26, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1225

Re: Portfolio Lending

I wouldn't be using margin or portfolio lending to buy securities although the cash would be used for investments (just not registered ones). I agree that the rates are too high but I checked a few other sites (Fidelity, Schwab) and they didn't seem much different from the other brokers. Is there a...
by jaj2276
Thu May 25, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1225

Re: Portfolio Lending

Ahhh, perfect! Although I wonder why there are two types of ways to borrow (margin and portfolio lending) if I can use the borrowed proceeds as cash. Anyways, I'm off to Vanguard to learn more about their margin offering. Thanks so much! They may provide it as cash, but you still aren't allowed to ...
by jaj2276
Thu May 25, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1225

Re: Portfolio Lending

Hopefully someone knowledgeable about margin sees this thread. I enabled my Vanguard account for margin and it seems like everything has gone through. The title of the account now ends with "... (Margin)" and every security I currently own ends with how I bought it "... (Cash)". There are new fields...
by jaj2276
Wed May 10, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1225

Re: Portfolio Lending

My intent is to use this money for things other than securities so I don't need a margin account but rather something akin to a collateral loan where the pledged collateral is a basket of marketable securities. A margin account with Vanguard is what your looking for. No need to buy securities. Vang...
by jaj2276
Tue May 09, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1225

Portfolio Lending

First the easy question: Does Vanguard offer portfolio lending? I looked on their website and couldn't find anything that suggested they do. Now the hard(er) question: Does anyone know of any companies that offer portfolio lending while still maintaining the securities at Vanguard? My intent is to u...
by jaj2276
Thu Apr 27, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Home Warranty
Replies: 12
Views: 1329

Re: Home Warranty

Ignore the invoice. These warranties are totally worthless with so many restrictions.
by jaj2276
Sat Mar 25, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: My TrueCar buying experience
Replies: 23
Views: 5030

Re: My TrueCar buying experience

I just bought a Toyota Prius, using TrueCar through my credit union. I got an excellent deal (in the Exceptional range according to TrueCar, and $700 under invoice according to Edmunds.com). You "got an excellent deal"? How do you know? The sales data TrueCar shows you comes straight from TC partic...
by jaj2276
Tue Mar 14, 2017 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Did I Buy Too Much Home?!?!?!
Replies: 42
Views: 5223

Re: Did I Buy Too Much Home?!?!?!

If you were looking for a home in the $1.25m - $1.75m range and you found one you really liked for $1.9m, then you probably bought too much home (or if not too much, at least too nice of one or too perfect of a location). There's nothing wrong with that, but usually that's what happens and maybe tha...
by jaj2276
Sun Mar 05, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?
Replies: 33
Views: 2392

Re: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?

We're 41/36, so probably right about 20 years from retirement (I could probably retire sooner but my wife has 20 years). We're at 61.5% stocks, 28.5% bonds, 10% Precious Metals. We're adding 1% of bonds each year until we reach 50/40/10 and let that take us towards our retirement date where I hope t...
by jaj2276
Fri Mar 03, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Giving my lawn the TLC it needs
Replies: 69
Views: 5021

Re: Giving my lawn the TLC it needs

Chicago area. ... Ok, since you're likely using cool season grasses, my experience won't be of much help as my grass is a warm season grass. I will say that I used to have a lawn service. After about 3 yrs I decided they didn't do much for my grass that I couldn't do. There's a turf store here (the...
by jaj2276
Fri Mar 03, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Giving my lawn the TLC it needs
Replies: 69
Views: 5021

Re: Giving my lawn the TLC it needs

What area of the country are you in?
by jaj2276
Mon Feb 20, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Tax Implications of Drawdown from Different Account Types
Replies: 13
Views: 973

Re: Tax Implications of Drawdown from Different Account Types

Only the Capital gains from taxable are added to AGI. Roth is not added at all. All of tIRA is added. Deductions and exemptions are subtracted to get taxable income (line 43 of 1040). Capital gains taxes are pulled out and calculated separately. Since you are in 15% tax bracket, the rate is 0% for ...
by jaj2276
Thu Feb 16, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella 1 million $500
Replies: 32
Views: 2956

Re: Umbrella 1 million $500

I was paying $450 for $2m of coverage with eSurance (AllState).

I just switched to Geico in part due to Geico's umbrella coverage being significantly cheaper ($297 for $2m of coverage).
by jaj2276
Tue Feb 14, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Moving 20% into cash
Replies: 32
Views: 3222

Re: Moving 20% into cash

I just did the opposite as I was underweight equities because I donated a bunch of securities at the end of last year! Even worse is that I was really underweight intl equities and that has gone up more than the US! So I've bought and like you, I felt I've bought at the top. If I'm right, I'll have ...
by jaj2276
Mon Feb 13, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion about VGPMX for 2017 [Vanguard Precious Metals and Mining]
Replies: 44
Views: 3400

Re: Opinion about VGPMX for 2017 [Vanguard Precious Metals and Mining]

My AA is 10% precious metals. I try to hold my precious metals as physical bullion but this fund comes in handy to make up for any shortfall (and also helps with liquidity in case my precious metals increase in value and I need to rebalance out of precious metals). I will say that this fund is proba...
by jaj2276
Wed Feb 01, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 919

Re: Disability Insurance while not working

... Stuff deleted ... Pricing seems reasonable for the benefits and your occupation, I'm guessing this is a Principal policy. $8500/mo covers about $185k income if there was no group coverage in place, and that pricing means you are spending about 2.4% of income on the policy. A comprehensive disab...
by jaj2276
Tue Jan 31, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 607
Views: 163035

Re: Share your net worth progression

Here's the reverse side of it all: What is the purpose of retirement planning? Well for me it is to live in retirement. Leaving an estate to my kids is lots further down my priority list. The day I retired in 2000, age 55, I was at 2.584 mill. Now at the end of 2016, having lived off it for 16.5 ye...
by jaj2276
Tue Jan 31, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterizations of Trad to Roth IRA conversions
Replies: 6
Views: 884

Re: How to recharacterize a conversion amongst backdoor contributions

Answering my own question (I need to figure out how to add flair to my topics so I get more replies!), I was not able to undo my recharacterization (I spoke to Vanguard and asked the question and the rep gave a gentle laugh). But now I'm wondering what I'll be able to recharacterize in my accounts g...
by jaj2276
Tue Jan 31, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 919

Re: Disability Insurance while not working

I didn't get many responses on this topic but I'll post an update with different questions so as to not pollute with a new thread. A bit about the policy: ⋅ $8,535 Monthly benefit ⋅ To Age 65 ⋅ 90 day elimination period Riders in effect (I list only the ones that cost e...
by jaj2276
Fri Jan 27, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Kids Personal Savings - Other Vanguard funds?
Replies: 19
Views: 1290

Re: Kids Personal Savings - Other Vanguard funds?

By the way, the usual concerns about tax efficiency do no apply for a child's account when assets are modest. You will likely want to tax- GAIN harvest in the up years, so that the child's cost basis can advance with no tax cost. You would rather not he get hit with taxes on 10+ years of gains when...
by jaj2276
Fri Jan 20, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 919

Re: Disability Insurance while not working

Well the basis of the claim (and this might not be valid) would be that I couldn't go back to work (which I would need to do to cover my increased expenses!). My policy is own occ if that makes a difference. I guess I'm wondering if I should try and reprice a policy that only pays out to when I'd li...
by jaj2276
Fri Jan 20, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 919

Disability Insurance

I currently have an employer provided group DI policy that provides $6k of monthly benefit. I have an individual policy that currently provides $2300 of monthly benefit. I am currently increasing my individual DI policy significantly as my income has increased in the last few years (my group monthly...
by jaj2276
Sat Dec 31, 2016 4:37 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1617
Views: 290850

Re: What are you up YTD? [Year To Date]

XIRR of 11.48% (will be higher as 2 of my investments Dec returns won't be known until a bit later in Jan/Feb). Total portfolio increase of 27.10%. A XIRR of 7.38% from 1/1/2009. 27.5% Bonds 10% Precision Metals 41.88% US Equities (Small Value tilt) 20.62% Intl Equities 2017 will increase the bonds ...
by jaj2276
Sat Dec 24, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: interesting WSJ article on donor advised funds
Replies: 22
Views: 2512

Re: interesting WSJ article on donor advised funds

My wife and I just set one up this year with Vanguard. We normally give to 5 charities a year and usually give cash. With the DAF, we were able to fund a 20-year charitable plan with appreciated stock and take the whole deduction this year (we're in a high tax bracket). We're also using the VPW spre...
by jaj2276
Sun Dec 18, 2016 3:34 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 740
Views: 230093

Re: Variable Percentage Withdrawal (VPW)

I just donated a good sum of money to a Vanguard Donor Advised Fund (seeded by appreciated stock to boot). I want to optimize my yearly distributions given the performance of the investment portfolio and have an idea for how long I expect this amount to last. Wouldn't VPN help me with this? Seems li...