Search found 235 matches

by jaj2276
Fri Feb 05, 2016 8:04 am
Forum: Investing - Help with Personal Investments
Topic: How to recharacterize a conversion amongst backdoor contributions
Replies: 4
Views: 345

Re: How to recharacterize a conversion amongst backdoor contributions

Ok, the recharacterization is complete. Vanguard recharacterized $16,199.96. Now a couple of questions: 1) Vanguard has already issued me my 2015 1099-R for my traditional IRA. The amount was $18594.16. I have yet to do my taxes for 2015. I had planned on entering this amount, making sure there was ...
by jaj2276
Tue Feb 02, 2016 7:54 am
Forum: Investing - Help with Personal Investments
Topic: How to recharacterize a conversion amongst backdoor contributions
Replies: 4
Views: 345

Re: How to recharacterize a conversion amongst backdoor contributions

Obviously not much interest in my situation but in case someone reads this later on and wonders what the answer(s) are, here goes. I called up Vanguard and they stated the following: 1) If I had not done the MF to Brokerage account conversion last December, they could have quickly told me how many ...
by jaj2276
Mon Feb 01, 2016 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to recharacterize a conversion amongst backdoor contributions
Replies: 4
Views: 345

Re: How to recharacterize a conversion amongst backdoor contributions

Obviously not much interest in my situation but in case someone reads this later on and wonders what the answer(s) are, here goes. I called up Vanguard and they stated the following: 1) If I had not done the MF to Brokerage account conversion last December, they could have quickly told me how many d...
by jaj2276
Fri Jan 29, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: 7 strategies rich people use to pay less in taxes
Replies: 9
Views: 2223

7 strategies rich people use to pay less in taxes

https://taxes.yahoo.com/post/138278099108/7-strategies-rich-people-use-to-pay-less-in-taxes They choose whole-life insurance Another strategy that’s especially beneficial for wealthy taxpayers is purchasing whole-life insurance, which lasts, unsurprisingly, for the policyholder’s whole life. It als...
by jaj2276
Sun Jan 24, 2016 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Amex/Costco Customer Retention Offer
Replies: 16
Views: 2852

Re: Amex/Costco Customer Retention Offer

I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.
by jaj2276
Sun Jan 24, 2016 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: How to recharacterize a conversion amongst backdoor contributions
Replies: 4
Views: 345

How to recharacterize a conversion amongst backdoor contributions

First, let me apologize for asking another question about IRA recharacterizations. I've read the wiki and a dozen or two threads about recharacterization and still have a few questions. Here are the facts: A) Jan 1 of 2015, I had a $0 balance in my tIRA and a ~$175k balance in my Roth IRA. B) On 2/6...
by jaj2276
Fri Jan 15, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Costco Card Replacement Offers
Replies: 30
Views: 3412

Re: Amex Costco Card Replacement Offers

I received the offer for the Blue Everyday Card, both in a mailing and when I logged in to my Amex Costco Account. My offer was for $500 once $3000 was spent and 0% interest through Feb 2017. I promptly took the offer and received my $500 credit. I'll make the minimum monthly payment for the next 10...
by jaj2276
Wed Dec 16, 2015 2:44 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 374
Views: 47315

Re: "Vanguard converting mutual fund accounts to brokerage?

Adding my experience. I logged in over the weekend and was asked to convert so I did. My accounts were as follows: -- Individual MF-only account -- Traditional IRA w/ no balance (used for backdoor Roths) -- Roth IRA -- Joint Brokerage Account All accounts were converted with no issues. The Joint Br...
by jaj2276
Wed Dec 16, 2015 9:50 am
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 374
Views: 47315

Re: "Vanguard converting mutual fund accounts to brokerage?

Adding my experience. I logged in over the weekend and was asked to convert so I did. My accounts were as follows: -- Individual MF-only account -- Traditional IRA w/ no balance (used for backdoor Roths) -- Roth IRA -- Joint Brokerage Account All accounts were converted with no issues. The Joint Bro...
by jaj2276
Sun Oct 04, 2015 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Do banks/credit unions offer loans off of investment accounts?
Replies: 13
Views: 969

Re: Do banks/credit unions offer loans off of investment accounts?

Yes, how much money are we talking about here? If you have $10 million +, you'd be surprised just how much one can "borrow", but you'd have to post your account as collateral, sign various documents giving the lender the right to sell you out if you fail to pay as agreed upon. What you ar...
by jaj2276
Sat Oct 03, 2015 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Do banks/credit unions offer loans off of investment accounts?
Replies: 13
Views: 969

Do banks/credit unions offer loans off of investment accounts?

Does anyone know if banks and/or credit unions offer loans on investment accounts not held at their institutions? I imagine this isn't a blanket yes/no but wondering if this is even a thing. I have accounts at Vanguard that I don't want to move for obvious reasons but I'd really like to borrow again...
by jaj2276
Thu Oct 01, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Buying a bank owned house, how to do it?
Replies: 4
Views: 496

Re: Buying a bank owned house, how to do it?

The bank made it be known that that the house was sold "as-is" and that it wouldn't make any concessions (monetarily or other wise) to anything found during the inspection. In my initial purchase agreement, my offer was contingent upon the house passing my inspection (with the full knowle...
by jaj2276
Thu Oct 01, 2015 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Buying a bank owned house, how to do it?
Replies: 4
Views: 496

Re: Buying a bank owned house, how to do it?

I bought a bank-owned house (often called a REO). It was listed for sale through a realtor so the transaction was the exact same as if a person was selling it. The bank made it be known that that the house was sold "as-is" and that it wouldn't make any concessions (monetarily or other wise...
by jaj2276
Tue Sep 29, 2015 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I walk away? (In escrow)
Replies: 23
Views: 2630

Re: Should I walk away? (In escrow)

Was your offer contingent on inspection? If it was, then you should walk away (getting any escrow money back) if you're confident that the house really isn't worth more than your $733k offer and the seller doesn't want to pay for the repairs. As for your appraisal, those things are barely worth as m...
by jaj2276
Sun Sep 27, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: % Net Worth Change Since New Year's 2015
Replies: 95
Views: 8627

Re: % Net Worth Change Since New Year's 2015

Up 17% on a two-comma base.
by jaj2276
Thu Sep 24, 2015 7:26 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 753
Views: 110745

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

XIRR of -2.60%

Portfolio increased by 17.33%

Saved 43.51% of income.

40% US Stocks
19% Intl Stocks
31% Bonds
10% Alternative Investments (Physical Gold/Silver, HF)
by jaj2276
Thu Sep 03, 2015 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance for non-breadwinner
Replies: 5
Views: 428

Re: Disability insurance for non-breadwinner

Disability only covers you if you are making money. Owning a policy if not working isn't that helpful. Maybe I was unclear. She is going to work, that's why I'm looking at DI policy to replace her income. We don't actually need her income but if her being disabled means that she's not bringing in a...
by jaj2276
Thu Sep 03, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance for non-breadwinner
Replies: 5
Views: 428

Re: Disability insurance for non-breadwinner

You can only get coverage for about 60% of her income. Is that useful to you? Could also consider LTCi for her given your post. It's not useful to me/us now as I've told her she can stay home once she has the kid but she wants to go back to work (which is what I would prefer). The benefit would be ...
by jaj2276
Thu Sep 03, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance for non-breadwinner
Replies: 5
Views: 428

Disability insurance for non-breadwinner

Are there any different thoughts on DI for the non-breadwinner of the family? Different (less) riders? No DI needed at all? My current situation is that I have both a group DI policy that lasts 24 months (free-of-charge) and a personal DI policy w/ own occ through Principal. The benefit amount for m...
by jaj2276
Tue Sep 01, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: About to close on a home we have overbid on - have cold feet
Replies: 74
Views: 10367

Re: About to close on a home we have overbid on - have cold feet

I signed a new construction contract back in summer of 2008 (before Lehman). I had to put down 5% in escrow which amounted to $20k. I got cold feet a few days later (not sure why) and forfeited the $20k. Losing the $20k sucked but I don't even think about that $20k now unless I read a story like you...
by jaj2276
Fri Jul 10, 2015 6:59 am
Forum: Personal Consumer Issues
Topic: Roof done: call company to pay or wait from them to call?
Replies: 10
Views: 1581

Re: Roof done: call company to pay or wait from them to call?

Switch it around. Pretend you are the roofing company that finished a job. Would you appreciate a customer of yours calling up to satisfy his/her end of the agreement? If yes, then go ahead an pay. If not, then wait until you hear from the salesman.

I would pay.
by jaj2276
Fri Jun 05, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ob-Gyn requires prepayment of deductible for pregnancy services - is this typical?
Replies: 64
Views: 8826

Re: Ob-Gyn requires prepayment of deductible for pregnancy services - is this typical?

Congratulations! My wife and I are expecting our first kid and after her initial visit to the OB-GYN, they gave us a breakdown of their expected costs. Included in that was a requirement that we pre-pay the expected out-of-pocket costs for their services given our insurance. We live in the southeast...
by jaj2276
Tue Jun 02, 2015 2:00 pm
Forum: Investing - Theory, News & General
Topic: 5 Investing Myths
Replies: 6
Views: 1376

5 Investing Myths

I thought this article was quite interesting: http://streettalklive.com/index.php/daily-x-change/2747-5-investing-myths.html . I don't know who he is or what he's trying to sell, but I especially liked how he summed up beating/outperforming the stock market. ... If you tell a client that they made 1...
by jaj2276
Tue May 26, 2015 12:56 pm
Forum: Personal Consumer Issues
Topic: Still make sense to have AAA membership?
Replies: 74
Views: 7045

Re: Still make sense to have AAA membership?

The one great advantage AAA membership has over insurance policy roadside assistance is that the AAA membership travels with the person and not the vehicle. My wife flew to visit friends/family last year and the friend's car broke down while they were driving around town. That friend did not have ro...
by jaj2276
Sat May 16, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities
Replies: 42
Views: 4679

Re: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities

I read the article though not the paper but taken as a whole these two sentences do not make sense to me . Perhaps the paper explains they can invest $14,281 per year in their 401(k) if they choose term life insurance, and they can invest $9,000 per year in their 401(k) if they choose whole life in...
by jaj2276
Sat May 16, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities
Replies: 42
Views: 4679

Re: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities

Hi everyone, this is Wade, who authored the article. Two quick points before I have a chance to review the thread more carefully. In the whitepaper, there are 3 scenarios. Scenario 2 is Investments + Term Life + Joint Life SPIA. I didn't mention this scenario in the Forbes column, because I was try...
by jaj2276
Sat May 16, 2015 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities
Replies: 42
Views: 4679

Re: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities

I read the article though not the paper but taken as a whole these two sentences do not make sense to me . Perhaps the paper explains they can invest $14,281 per year in their 401(k) if they choose term life insurance, and they can invest $9,000 per year in their 401(k) if they choose whole life in...
by jaj2276
Wed May 13, 2015 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone had the Personal Capital complementary review yet?
Replies: 31
Views: 4904

Re: Anyone had the Personal Capital complementary review yet?

A big waste of (my) time. My 1-hr review lasted 30 minutes and only 8 of the 22 slides when she finally realized that I wasn't her target audience. I tried telling her that in my initial phone conversation but to no avail (they really need to sell!). I knew things weren't going to go well when at th...
by jaj2276
Sat Apr 25, 2015 2:38 pm
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 62
Views: 5997

Re: Who follows Age in Bonds

We follow the Avg Age of Couple - 10 in bonds (I'm 5 years older than her) slowly gliding up to 60/40. Once we get to 60/40, we'll stay there until we retire and then start going back to 70/30 unless we've totally made it at which we might go to 50/50. Tough to predict what's going to happen over th...
by jaj2276
Sun Apr 19, 2015 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Anyone had the Personal Capital complementary review yet?
Replies: 31
Views: 4904

Re: Anyone had the Personal Capital complementary review yet

I have my 1-hr review in two weeks (after having an initial 20 minute conversation where the FA wanted to learn a bit more about me). Part of me doesn't want to waste their time but the other part of me likes to learn new things even if those things aren't really my cup of tea. I had a managed accou...
by jaj2276
Sat Apr 11, 2015 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance Mortgage or Pay Extra on Principle?
Replies: 5
Views: 948

Re: Should I Refinance Mortgage or Pay Extra on Principle?

I would pay extra on principal of the current loan even though the lowest total cost option would be to refinance to the 3%. The *ability* to reduce any given month's payment is worth it especially when the spread between the two loans is only 75bps. I don't know how much you refinanced, but a $335k...
by jaj2276
Tue Mar 31, 2015 2:42 pm
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 14262

Re: Hate where we live, do we make major changes?

I love these threads. I moved quite a bit when I was younger so kids can and will adapt. Everything was great until I made one final move right after 9th grade. The older your kids are when you move, the greater the chance (although no certainty) that it will be rough. Basically I made acquaintances...
by jaj2276
Sun Feb 15, 2015 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA conv to an existing Roth IRA and recharacterization
Replies: 3
Views: 406

Re: tIRA conv to an existing Roth IRA and recharacterization

1) In most cases you would not consider recharacterizing it. But here is an example of when you might to restore your basis to the TIRA. Let's say you converted a non deductible contribution of 5000 and the conversion lost 2000 to 3000. A recharacterization would return you basis of 5000 and your r...
by jaj2276
Sat Feb 14, 2015 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA conv to an existing Roth IRA and recharacterization
Replies: 3
Views: 406

tIRA conv to an existing Roth IRA and recharacterization

I currently have a tIRA with a basis of $0 and a Roth IRA that includes both Roth contributions and tIRA conversions (backdoor Roth contributions). This past January, I rolled over a small (~$13k) cash pension from a previous employer to my tIRA and converted that amount to my existing Roth IRA. I r...
by jaj2276
Fri Jan 16, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Reporter doing story on Turbo Tax Fracas
Replies: 52
Views: 7798

Re: Reporter doing story on Turbo Tax Fracas

To all the people in this thread who have commented that they don't do interviews, how do you expect to exert pressure on TurboTax and to publicize your unhappiness with the TurboTax business model, if you restrict your complaints and comments to this thread and to this forum? By using the same tac...
by jaj2276
Sun Jan 04, 2015 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie contemplating firing advisor to save AUM
Replies: 24
Views: 3197

Re: Newbie contemplating firing advisor to save AUM

... Issues: 1) My goal is a simple index portfolio with low fees (like everyone else), but I’m not sure how to actually go about this. I’m apprehensive about going it alone since it’s all fairly new to me. I think I could manage my taxable account into a 3-fund portfolio at Vanguard with future con...
by jaj2276
Fri Jan 02, 2015 1:12 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads 2015 Hedge Fund Contest
Replies: 227
Views: 31487

Re: Bogleheads 2015 Hedge Fund Contest

Taking a page out of the real hedge fund industry, I'm closing last year's under performing fund and starting a new fund!

Name: Show Me Your Money!

Longs:
SAAS
I
AMSWA

Shorts:
MSO
ROVI
DEL
by jaj2276
Thu Jan 01, 2015 10:09 pm
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 16073

Re: [Annual POLL] What was your 2014 return?

XIRR of 4.09%. AA: 28% Bonds 10% Physical Precious Metals (1/2 gold, 1/2 silver) 41% US Equities 21% International Equities A few high/lowlights of my year: -- Met my goal of saving > 30% of gross income (31.07%) -- Still waiting for that year when the portfolio return is positive, the portfolio ret...
by jaj2276
Wed Dec 10, 2014 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Geek to Geek, screen scraping dividends
Replies: 10
Views: 1676

Re: Geek to Geek, screen scraping dividends

This post is definitely designed for the Geeks in the crowd! But the information on when Yahoo posts dividends might be helpful to all. I’m trying to “screen scrape” data from the web to manage my portfolio. The Yahoo Finance Adjusted Close prices for mutual funds are properly adjusted for past Div...
by jaj2276
Sun Nov 30, 2014 8:10 pm
Forum: Personal Consumer Issues
Topic: Documentaries to recommend?
Replies: 138
Views: 18591

Re: Documentaries to recommend?

The Fog of War (2003): The entire documentary is an interview with Robert McNamara. I learned more history in this one film than in whole classes in college. +1000. I watched the movie in the theater and on Amazon Prime. I didn't live through that time but I was mesmerized by Robert's telling of it...
by jaj2276
Fri Oct 10, 2014 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Support that HSAs might not be the best option for you
Replies: 38
Views: 4087

Re: Support that HSAs might not be the best option for you

I'm not sure what type of "standard" insurance you are comparing, but often PPO is the more expensive insurance type which HDHP is compared against. I've done similar calculations and concluded that the minimum number of comparison points are: 1) Coverage scope -- single/spouse/kids(only)...
by jaj2276
Wed Sep 03, 2014 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Buy a 30 and 20 term policy at the same time?
Replies: 16
Views: 1412

Re: Buy a 30 and 20 term policy at the same time?

Buying a 20-year and 30-year policy at the same time makes perfect sense if your insurance needs decrease after 20 years but you still need some for years 21-30. When I bought term, I bought three policies (actually one policy with two riders). I bought a 30-year $1M policy, a 20-year $500k policy, ...
by jaj2276
Wed Aug 27, 2014 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 6413

Re: Husband rear-ended, driver ignoring his insurance

If you've never been in an accident (or it has been a while), trying to find out the "next steps" is a bit of a scary proposition. I was driving from SC to NY when someone rear-ended me on I-95 (I stopped in time, he did not). He was not the owner of the car (it was his brother-in-law's). ...
by jaj2276
Wed Aug 27, 2014 6:58 am
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1372

Re: Arches-Bryce-Zion road trip: Where to stay?

Wife and I did this trip the first week of August. It was BY FAR our best trip ever. -- In Moab, we stayed at the Red Rock Lodge. It was right in the middle of town and was the cheapest of all the hotels, but there's not many other positives to say about it. The rooms were clean but they're old so y...
by jaj2276
Sat Aug 23, 2014 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 768

Re: A tax-deferred space dilemma

All other things being equal, there are only 2 numbers that matter - your current tax bracket and the tax bracket at withdrawal. Here is how I might go about it 1. Determine how you want to balance current vs. future enjoyment. I personally might take 25% of the bonus (post tax) now and enjoy a nic...
by jaj2276
Fri Aug 22, 2014 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 768

Re: A tax-deferred space dilemma

I read what you wrote and it seems overly complicated. If I try to simplify it down to one question, it might be: How much do I earmark for a deferred compensation plan? (after we contribute the maximum to 401(k), 403(b), 457). The company match of 3% doesn't count against your $17,500 limit. In a ...
by jaj2276
Fri Aug 22, 2014 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: A tax-deferred space dilemma
Replies: 5
Views: 768

A tax-deferred space dilemma

Normally this would be an easy decision for me but I'm having a hard time generating any conviction behind my decision let alone being able to make one. Current Profile DINK (trying for them tho) Him: 38, Her: 33 Current Portfolio: ~$1M ($345k tax-deferred, $255k tax-free, $450k taxable) Annual Inco...
by jaj2276
Thu Aug 21, 2014 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Great MarketWatch Article - 13 financial tips to live by
Replies: 13
Views: 2170

Great MarketWatch Article - 13 financial tips to live by

http://www.marketwatch.com/story/dont-create-a-budget-and-12-other-financial-tips-to-live-by-2014-08-20?siteid=yhoof2 The author has to be a member of this board! I love this quote: That brings me to a pet peeve: Advisers wouldn’t be nearly so enthusiastic about variable annuities, equity-indexed a...
by jaj2276
Thu Aug 14, 2014 7:06 am
Forum: Investing - Theory, News & General
Topic: Kiplinger Article - Vanguard's Actively Managed Funds
Replies: 1
Views: 898

Kiplinger Article - Vanguard's Actively Managed Funds

http://www.kiplinger.com/article/investing/T041-C009-S002-dan-wiener-likes-vanguard-actively-managed-funds.html I have no idea who Dan Wiener is but if he's really selling 36,000 newsletters/year at $229/yr (or even avg'd down to $175/yr to account for new readers) then he's making over $6M in the ...
by jaj2276
Mon Apr 28, 2014 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 17885

Re: Experiences with Eli Lilly Credit Union for HSA?

Where is the $24 deducted from, the HSA account or the regular account? It's not a medical expense, is it? It's deducted from the HSA account. I attempted to transfer my entire account balance over to TD Ameritrade and they canceled the entire transfer since there wasn't enough money left in the HS...

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