Search found 338 matches

by ClaycordJCA
Tue Jun 02, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Hiring Spouse Part Time For Small Business, Optimizing Solo 401k - Need To Track Hours?
Replies: 36
Views: 1442

Re: Hiring Spouse Part Time For Small Business, Optimizing Solo 401k - Need To Track Hours?

Also check MA state law regarding tracking and maintaining records of hours worked, state overtime requirements, workers’ compensation, etc. An FLSA exemption does not mean you are excused from complying with state law requirements.
by ClaycordJCA
Sun May 24, 2020 9:01 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12810

Re: Pandemic buys that have improved quality of life?

Quick frozen Alaskan king salmon and halibut servings (4-5 oz each) from Sizzlefish. I take them out of our freezer the night before and they are defrosted by the time I make dinner. Very tasty.
by ClaycordJCA
Sun May 24, 2020 5:37 pm
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 174
Views: 13271

Re: If Jeep has such poor reliability, how come they are everywhere?

Given how upset you were with your Honda CRV’s oil dilution issue, why would you ever consider a Grand Cherokee? :oops: Get a Toyota, not a Jeep.
by ClaycordJCA
Fri May 22, 2020 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28952

Re: The axe falls and I am prepared. What's next?

Klang Fool, I also very much enjoy your posts and am sorry you have been laid off again. I assume your wife can add you to her group medical coverage once your COBRA expires or you will have the right to then convert the group coverage to a personal policy without regard to preexisting conditions. I...
by ClaycordJCA
Mon May 18, 2020 12:05 pm
Forum: Personal Investments
Topic: transfer from Edward Jones (*updated)
Replies: 12
Views: 1809

Re: transfer from Edward Jones (*updated)

I would also evaluate your disability insurance coverage needs. Disability and inability to work is more probable (almost 4x per a little internet browsing) than dying before age 65.
by ClaycordJCA
Sat Mar 28, 2020 7:11 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 50875

Re: How Is Your Job Being Impacted By The Current Crisis?

Outside employment law attorney for businesses. Began working from home a week before Governor Newsom issued his shelter at home order because I am high risk due to a pre-existing medical condition. Now almost all of the attorneys are doing so. Office was closed for a day or two after the Governor’s...
by ClaycordJCA
Mon Mar 23, 2020 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Major unintended consequences of [Families First Coronavirus Response Act]
Replies: 43
Views: 7397

Re: Major unintended consequences of coronavirus bill

The federal WARN act requires larger employers to give 30-60 days notice for mass layoffs and plant closures. Depending on the size of the company and the number of affected employees, a termination date prior to April 1 may not legally be possible. WARN has an exception for unforeseen circumstances.
by ClaycordJCA
Sat Mar 14, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Travel--Ultimate Rewards--Systems Down
Replies: 19
Views: 1343

Re: Chase Travel--Ultimate Rewards--Systems Down

I couldn’t get through to Costco Travel at all to cancel a hotel and rental car in Maui next week. When I called and should have been through to a representative I instead got a recording stating that due to unprecedented call volume they could not accept my call. I tried multiple times Thursday, y...
by ClaycordJCA
Sat Mar 14, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Travel--Ultimate Rewards--Systems Down
Replies: 19
Views: 1343

Re: Chase Travel--Ultimate Rewards--Systems Down

I couldn’t get through to Costco Travel at all to cancel a hotel and rental car in Maui next week. When I called and should have been through to a representative I instead got a recording stating that due to unprecedented call volume they could not accept my call. I tried multiple times Thursday, ye...
by ClaycordJCA
Sun Feb 16, 2020 2:29 am
Forum: Personal Finance (Not Investing)
Topic: Retire this summer, or work another academic year?
Replies: 28
Views: 3148

Re: Retire this summer, or work another academic year?

Personally, I will work until I am 60, DH 62. That allows me to buy COBRA for the two of us to bridge us to Medicare for him, since CA allows for a 3 year COBRA window. Not necessarily, I am afraid. The 18 month CalCOBRA extension after federal COBRA has a number of exceptions, per the State of Cal...
by ClaycordJCA
Sat Feb 15, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Relative laid off - need advice
Replies: 29
Views: 5108

Re: Forced early retirement with minimal asset - please help with planning

If the company is closing, you may not have a choice about whether or not to roll the 401k account balance into an IRA. Since it is closing, I think it is almost certain that the employer will terminate the plan to avoid continuing administrative costs. I would have your relative set up an IRA with ...
by ClaycordJCA
Sat Feb 08, 2020 3:09 pm
Forum: Personal Investments
Topic: Asset Allocation for Parents
Replies: 20
Views: 1210

Re: Asset Allocation for Elderly Parents

Do they anticipate reduced expenses after they stop working? After social security, they require $50k a year between working income and portfolio withdrawals to maintain their current $90k spend rate. A 4% withdrawal rate (30 year retirement) applied to their $820k portfolio is $32.8k per year; a 4....
by ClaycordJCA
Tue Feb 04, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: California East Bay, Place to live and commute to Oakland, CA
Replies: 74
Views: 4932

Re: California East Bay, Place to live and commute to Oakland, CA

Where in Oakland is the job? If commuting by BART is an is an option and I wanted lots of nightlife, I’d consider a reverse commute from San Francisco. East Bay hills (Montclair, Berkeley, El Cerrito) are very nice but you will be very car dependent. I think my top choice for a walkable neighborhood...
by ClaycordJCA
Sun Feb 02, 2020 4:56 pm
Forum: Personal Investments
Topic: Roll over 401k to Vanguard or not ?
Replies: 21
Views: 1604

Re: Roll over 401k to Vanguard or not ?

Go with TDA. I love TDA's website and app and my son uses it. But I hate their "sure, we have a target-date fund, if you don't mind the expense ratio of 1%." Fidelity is the same. Only Vanguard and Schwab are legit in this area. So consider what kinds of funds you might be wanting to hold in the ac...
by ClaycordJCA
Sun Jan 26, 2020 10:29 am
Forum: Personal Consumer Issues
Topic: First Visit to Keys and Marathon, FL
Replies: 25
Views: 2316

Re: First Visit to Keys and Marathon, FL

We took a day trip the other direction and took a tram tour in Everglades National Park when staying in Key Largo. The Lazy Lobster in Key Largo was excellent and not expensive.
by ClaycordJCA
Fri Jan 24, 2020 11:39 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26643

Re: Sad news: LadyGeek's husband has passed

I am very sorry for your loss, Lady Geek. Best wishes for you and your family. Take Care.
by ClaycordJCA
Thu Jan 23, 2020 11:47 pm
Forum: Personal Investments
Topic: Lost to find a financial advisor in San Francisco.
Replies: 16
Views: 1551

Re: Lost to find a financial advisor in San Francisco.

Wiggums wrote:
Mon Jan 13, 2020 8:51 am

If you really need help, Vanguard charges .03 and they will recommend something like the four fund portfolio with low expense ratios.
I believe the PAS fee is 0.3%, not .03%.
by ClaycordJCA
Tue Jan 21, 2020 12:27 pm
Forum: Personal Investments
Topic: Retired—Big portfolio shuffle for future
Replies: 8
Views: 1258

Re: Retired—Big portfolio shuffle for future

I would be wary as Fidelity will almost certainly impose an AUM fee. They will also want to select actively managed Fidelity funds for the accounts they manage. At least this is what they did when my father allowed them to manage his after-tax account. Put your instructions in writing if you want t...
by ClaycordJCA
Tue Jan 21, 2020 3:15 am
Forum: Personal Investments
Topic: Retired—Big portfolio shuffle for future
Replies: 8
Views: 1258

Re: Retired—Big portfolio shuffle for future

I would be wary as Fidelity will almost certainly impose an AUM fee. They will also want to select actively managed Fidelity funds for the accounts they manage. At least this is what they did when my father allowed them to manage his after-tax account. Put your instructions in writing if you want th...
by ClaycordJCA
Mon Jan 20, 2020 4:29 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 198
Views: 22281

Re: Roll Call for the Retirement Class of 2020!

California law now requires residents to have Obamacare compliant health insurance. Presumably, that means I have to be able to buy it and Kaiser will have to sell it to me. Uncertainty about continued health insurance coverage is why I didn’t retire last year. So, you can add me to the class of 202...
by ClaycordJCA
Mon Jan 20, 2020 4:18 pm
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 188
Views: 13960

Re: Some possible luxury SUV choices to buy: Opinions?

Howdy My wife got the Lexus RX 450H. She loves it. She agrees the Lexus grille is ugly, but she makes the accurate point that I am even uglier, and neither one particularly bothers her much. In each case she did not judge the acquisition purely on aesthetics (lucky for me), and she keeps both of us...
by ClaycordJCA
Mon Jan 13, 2020 3:01 am
Forum: Personal Investments
Topic: Asset allocation for permanent disability & receiving disability income
Replies: 2
Views: 266

Re: Asset allocation for permanent disability & receiving disability income

I have no recommendation, but will offer several observations that you may want to consider in your planning: 1). You say you “are very likely” to get SSDI. Social Security denies a lot of claims, although you have the right to appeal. They also re-examine eligibility from time to time. In DW’s case...
by ClaycordJCA
Sun Jan 12, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse diagnosed with cancer. Financial steps?
Replies: 38
Views: 6165

Re: Spouse diagnosed with cancer. Financial steps?

OP - Very sorry to hear of this. FYI - If you do not return to work for at least 30 days after exhausting FMLA leave, your employer may be able to recover from you the health insurance costs it paid while you were on leave. There is an exception if the failure to return is due to the continuation of...
by ClaycordJCA
Sat Jan 11, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11192

Re: How is your "number" defined?

We are budgeting $100,000 a year in retirement spending (DW has significant medical expenses), not factoring in social security. We have no pensions. So, the number at age 61 is 30x budgeted expenses, which allows for some latitude and should let me sleep at night.
by ClaycordJCA
Sat Jan 11, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 6713

Re: Why are Dividend Stocks pushed so hard?

I suspect there is a psychological appeal to dividend stocks. Many hope/believe that to retire they can or should live off the income generated by their investments and not touch the principal. There is comfort in knowing the number of shares you own will never be reduced and in believing that becau...
by ClaycordJCA
Sun Dec 29, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Actionable advice for couple with newly disabled spouse
Replies: 22
Views: 3040

Re: Actionable advice for couple with newly disabled spouse

OP - I wish your wife and you the best. I am in a similar situation with my wife, although she was 50 when she became disabled from chronic, daily migraines. Are you FMLA eligible? (1 year with your employer, work at a site with 50 or more employees within 75 miles, and worked 1,250 hours in the pa...
by ClaycordJCA
Thu Dec 26, 2019 12:37 pm
Forum: Personal Investments
Topic: Estimated Taxes - in December or January?
Replies: 12
Views: 1416

Re: Estimated Taxes - in December or January?

For future years, ensure that you pay through withholdings or estimated taxes at least 100% of the prior year’s tax (or 110% if adjusted gross income is above certain levels - $150,000 if married, filing jointly). If you have w2 wages, ask your employer to withhold more (probably too late to do so t...
by ClaycordJCA
Wed Dec 25, 2019 9:59 pm
Forum: Investing - Theory, News & General
Topic: 59.5 asset allocation
Replies: 24
Views: 2832

Re: 59.5 asset allocation

I am age 60. Asset allocation is currently about 55/45 and I am slowly transitioning toward 50/50, with retirement planned next fall at age 61.5.
by ClaycordJCA
Fri Dec 20, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Actionable advice for couple with newly disabled spouse
Replies: 22
Views: 3040

Re: Actionable advice for couple with newly disabled spouse

OP - I wish your wife and you the best. I am in a similar situation with my wife, although she was 50 when she became disabled from chronic, daily migraines. Are you FMLA eligible? (1 year with your employer, work at a site with 50 or more employees within 75 miles, and worked 1,250 hours in the pas...
by ClaycordJCA
Sun Dec 01, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: December "Bogleheads on Investing" podcast guest will be Sheryl Garrett
Replies: 9
Views: 1239

Re: December "Bogleheads on Investing" podcast guest will be Sheryl Garrett

Here is my question: “Why should a Bogleheads investor with a three-fund portfolio consider consulting with a fee-only financial planner? I don’t need investment advice. What else do they offer?”
by ClaycordJCA
Sun Dec 01, 2019 7:50 pm
Forum: Personal Investments
Topic: Couch Potato vs. Permanent vs Actively Managed
Replies: 7
Views: 979

Re: Couch Potato vs. Permanent vs Actively Managed

You are not missing anything. In addition to the Bogleheads resources others cite above, read the March 31, 2019 article, “The Simplicity Manifesto,” on Scott Burns’ website, https://couchpotatoinvesting.com/the-simplicity-manifesto/. Assuming a $700,000 portfolio (mid to high six figures), your 1.2...
by ClaycordJCA
Mon Oct 28, 2019 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 6050

Re: Who does your tax returns?

dewey wrote:
Mon Oct 28, 2019 12:45 am
TurboTax.
+1.
by ClaycordJCA
Fri Oct 25, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Part time job (20h/wk) - how to shield income from taxes?
Replies: 36
Views: 2524

Re: Part time job (20h/wk) - how to shield income from taxes?

California has its own test for IC status that is much more restrictive than the IRS standards. It is not something companies can negotiate around. Rather, the worker must qualify as an IC under the “ABC” test (not subject to the principal’s direction or control in performing the work, work is not w...
by ClaycordJCA
Sun Oct 20, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Nanny in Bay Area
Replies: 8
Views: 1555

Re: Nanny in Bay Area

Does the $2500 per month include your payroll taxes, workers’ compensation expenses, overtime, etc.? Don’t assume an in-home nanny is a 1099 contractor.
by ClaycordJCA
Sat Oct 19, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing $160k Law School Student Loan
Replies: 13
Views: 1692

Re: Refinancing $160k Law School Student Loan

What are the odds of you remaining in big law for the next 5-7 years? A lot of lawyers burn out in private practice. What is your practice area and how recession proof is it - I certainly remember attorney layoffs, hiring deferrals, and large firms closing over the 30+ years that I have been practic...
by ClaycordJCA
Wed Oct 16, 2019 12:54 am
Forum: Investing - Theory, News & General
Topic: How often do you look at your IRA or 401K Balances
Replies: 71
Views: 6418

Re: How often do you look at your IRA or 401K Balances

At the end of every month when I record our net worth and when I make my monthly 401k and taxable investment purchases. I also see the balances when I update Quicken, but don’t pay much attention then.
by ClaycordJCA
Wed Oct 16, 2019 12:35 am
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2270

Re: Where to stay in Maui?

The Mana Kai in South Kihei. It’s literally right on the beach and has good snorkeling. Opt for the condo, not the adjoining hotel room which has no view. Another less expensive option (albeit not as nice IMHO) across the parking lot is the Kihei Surfside. Both are family friendly and there is nothi...
by ClaycordJCA
Thu Oct 10, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17494

Re: How many are switching from Fidelity?

tigerdoc93 wrote:
Wed Oct 09, 2019 11:46 pm
Awesome news about fidelity eliminating trading commissions!
+1.
by ClaycordJCA
Sun Oct 06, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: Social Security Card as Identification for Real ID
Replies: 78
Views: 7144

Re: Social Security Card as Identification for Real ID

In California, birth certificates and passports are called Identity Documents. You also need a separate Social Security Document such as original SS Card, W-2 or pay stub (with full SSN listed). Then you need 2 Proof of Residency Documents (insurance, medical, utility, etc.). Paystub won’t work. CA...
by ClaycordJCA
Sat Oct 05, 2019 4:51 pm
Forum: Personal Consumer Issues
Topic: Preparing for 25% tariff on Scotch
Replies: 64
Views: 7192

Re: Preparing for 25% tariff on Scotch

Another bottle of Laphroiag and a bottle of Glenlivet are on my Costco list. Picked up a bottle of Monkey Shoulder (a blend of three single malts) today at Trader Joe’s. I really enjoy the Monkey Shoulder over ice.
by ClaycordJCA
Fri Oct 04, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2318

Re: Side income ideas for a non-lawyer JD holder?

Thanks! Wow, yea you are kind of living my dream.. Estate planning was the field I was looking at. I also speak a foreign language of a fairly sizable and aging immigrant community, so I was thinking of that as a potential "in" or "niche". I malpractice insurance fairly affordable? Also, what kind ...
by ClaycordJCA
Thu Oct 03, 2019 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Posting for a friend: opt out of employer arbitration?
Replies: 16
Views: 1615

Re: Posting for a friend: opt out of employer arbitration?

Good summary of some of the "negatives" of forced arbitration here: https://www.consumeradvocates.org/for-consumers/arbitration Thanks - I've sent him the link. This part from the link was interesting: Employees cannot sue for discrimination, harassment, abuse, retaliation, or wrongful termination....
by ClaycordJCA
Sun Sep 22, 2019 10:38 am
Forum: Personal Investments
Topic: Is this a good portfolio mix for a retiree?
Replies: 22
Views: 3019

Re: Is this a good portfolio mix for a retiree?

Could someone post the analogous funds at Fidelity? (Taking some baby steps, hoping to consolidate many funds into 3 as well.) Thx. For Fidelity mutual funds: FSKAX - Total US Stock (or FZROX if you wish to use their zero ER fund) FTIHX - Total International Index (or FZILX for zero ER) FTBFX - Tot...
by ClaycordJCA
Sun Sep 22, 2019 10:20 am
Forum: Personal Investments
Topic: Is this a good portfolio mix for a retiree?
Replies: 22
Views: 3019

Re: Is this a good portfolio mix for a retiree?

Could someone post the analogous funds at Fidelity? (Taking some baby steps, hoping to consolidate many funds into 3 as well.) Thx. For Fidelity mutual funds: FSKAX - Total US Stock (or FZROX if you wish to use their zero ER fund) FTIHX - Total International Index (or FZILX for zero ER) FXNAX - Tot...
by ClaycordJCA
Thu Sep 19, 2019 12:00 am
Forum: Personal Investments
Topic: Roth IRA - Contributing too much too soon? (21 y/o)
Replies: 25
Views: 2308

Re: Roth IRA - Contributing too much too soon? (21 y/o)

My $4,000 in traditional IRA contributions from 1987 and 1988 are now six figures. No such thing as a Roth in those days so I will be taxed when the $ is withdrawn in retirement. That return is why I am encouraging my son (who graduated from college in May) to open and fund his Roth IRA in addition ...
by ClaycordJCA
Wed Sep 18, 2019 11:26 pm
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9865

Re: Best places to live to raise a family (cost doesn't matter)

The SF Bay Area, especially if you don’t have to commute. Can’t beat the weather or the outdoor activities. Look in Marin County. Orinda, Lafayette, Walnut Creek, Danville, San Ramon and Pleasanton in the East Bay. Also some options on the Peninsula.
by ClaycordJCA
Sun Sep 15, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: "Estate Planning Checklist" (for all of us)
Replies: 23
Views: 4159

Re: "Estate Planning Checklist" (for all of us)

In California, the consequences of my uncle having only one of his two Fidelity accounts set up as TOD resulted in the assets in the non-TOD account being passed to my father - my uncle’s sole heir - through my uncle’s will. That requires probate. For his fee in handling the probate, the attorney i...
by ClaycordJCA
Sat Sep 14, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Estate Planning Checklist" (for all of us)
Replies: 23
Views: 4159

Re: "Estate Planning Checklist" (for all of us)

In California, the consequences of my uncle having only one of his two Fidelity accounts set up as TOD resulted in the assets in the non-TOD account being passed to my father - my uncle’s sole heir - through my uncle’s will. That requires probate. For his fee in handling the probate, the attorney is...
by ClaycordJCA
Sun Sep 08, 2019 5:19 pm
Forum: Personal Investments
Topic: Windfall - Investment Advice
Replies: 18
Views: 2092

Re: Windfall - Investment Advice

If you haven’t already, read the Bogleheads Wiki article on Managing a Windfall.