Search found 293 matches

by ClaycordJCA
Thu Sep 19, 2019 12:00 am
Forum: Personal Investments
Topic: Roth IRA - Contributing too much too soon? (21 y/o)
Replies: 20
Views: 1603

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 No such thing as a Roth in those days so I will be taxed when the $ is withdrawn in retirement.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: 80
Views: 5935

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: 3636

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: 3636

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: 1873

Re: Windfall - Investment Advice

If you haven’t already, read the Bogleheads Wiki article on Managing a Windfall.
by ClaycordJCA
Sat Sep 07, 2019 8:48 pm
Forum: Personal Consumer Issues
Topic: Elderly Parents have 3 day layover in Fort Lauderdale. What to do?
Replies: 24
Views: 2216

Re: Elderly Parents have 3 day layover in Fort Lauderdale. What to do?

Since they like nature, they might be interested in an Everglades tour. Per Trip Advisor, you could arrange for a tour that picks them up from their Ft. Lauderdale hotel. We have no first hand experience with such a tour, but really enjoyed a day trip to Everglades National Park when staying in Key ...
by ClaycordJCA
Thu Sep 05, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: Problems with flights to Bogleheads conference
Replies: 7
Views: 1284

Re: Problems with flights to Bogleheads conference

We had an upcoming flight to Kansas City recently cancelled by Southwest. It was the first leg of traveling to Ft. Lauderdale for a cruise. We did not like the the replacement flight to Chicago since it got us in two hours later than we had planned. Called Southwest and they found us alternative fli...
by ClaycordJCA
Wed Sep 04, 2019 11:00 pm
Forum: Personal Consumer Issues
Topic: Bamboo Flooring
Replies: 20
Views: 2238

Re: Bamboo Flooring

You might want to look at Cali Bamboo. They have a hardened bamboo flooring that has withstood our 65 pound labradoodle’s nails without a scratch - the maple flooring we had before the bamboo did not. We are very pleased with it. My father opted for it when replacing carpet in his townhome.
by ClaycordJCA
Wed Sep 04, 2019 12:42 am
Forum: Personal Consumer Issues
Topic: Do I need a business license? (California)
Replies: 11
Views: 838

Re: Do I need a business license? (California)

You should be aware that California law governing independent contractor relationships is unsettled, at best, after a state Supreme Court decision ( Dynamex). If you haven’t reviewed it, you may want to do so before leaving employment and starting an IC relationship.
by ClaycordJCA
Mon Sep 02, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage to free up cash to help with college costs?
Replies: 9
Views: 625

Re: Pay off mortgage to free up cash to help with college costs?

You are asking about whether to pay off your mortgage with a lump sum that you may not receive for many years? My advice would be to give no more thought to that decision until you actually have the money in hand. Too much can change. Unless we are missing something, this makes no sense. The daught...
by ClaycordJCA
Sun Aug 25, 2019 8:26 pm
Forum: Personal Investments
Topic: Advise for my dad
Replies: 18
Views: 1574

Re: Advise for my dad

If your father is not declaring the welding income as earned income on his taxes, I don’t believe the earnings can be used to fund an IRA.
by ClaycordJCA
Sun Aug 25, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Retirement Expenses Rule of Thumb
Replies: 51
Views: 4092

Re: Retirement Expenses Rule of Thumb

Annual Income - Annual Savings = Annual Expenses. Save 25x your annual expenses and you are in the neighborhood of a 4% SWR, which is viewed as likely to last for 30 years. There are also variables. For example, will you move to a LCOL area or payoff your mortgage? That will reduce your expenses. Ho...
by ClaycordJCA
Sat Aug 24, 2019 12:26 am
Forum: Personal Investments
Topic: need help with the bond portion at Fidelity
Replies: 6
Views: 670

Re: need help with the bond portion at Fidelity

FTBFX - Fidelity Total Bond Fund - is actively managed, not an index fund.
by ClaycordJCA
Fri Aug 23, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: FMLA combined limit for spouses with same employer
Replies: 15
Views: 958

Re: FMLA combined limit for spouses with same employer

You should be aware that job reinstatement from a non-FMLA leave is not guaranteed and your group health insurance doesn’t have to be continued as if you were working, although COBRA should be available if there is a loss of coverage due to the reduction in hours.
by ClaycordJCA
Fri Aug 23, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: I spend no money so am I over-saving for retirement?
Replies: 54
Views: 5206

Re: I spend no money so am I over-saving for retirement?

This requires an in-depth look at your finances, starting with what your goals are. At this point I do not have any idea.. Sounds like the options are spend, pass down or donate.. Spending is most likely out.. Donating I am not too sure about.. Passing down, also not too sure about.. You can’t take...
by ClaycordJCA
Fri Aug 23, 2019 10:05 am
Forum: Personal Investments
Topic: Is 401K possible from perdiem job ?
Replies: 19
Views: 1071

Re: Is 401K possible from perdiem job ?

I would imagine it depends on if you are going to be a w2 or 1099 employee. Be sure not to go above the employee limit of 19k if they do allow participation. Someone receiving a 1099 is not an employee, but an independent contractor. 401k participation is limited to employees. ICs are generally res...
by ClaycordJCA
Wed Aug 21, 2019 11:01 pm
Forum: Personal Investments
Topic: JL Collins - You Did It Again :)
Replies: 10
Views: 2210

Re: JL Collins - You Did It Again :)

pkcrafter wrote:
Wed Aug 21, 2019 6:11 pm
Thanks Cwh, good meditation video, and there is another good video further down the page -- A Simple Path to Wealth.

But there is also another video..... that one completely changed my view of JLCollins.


Paul
Care to elaborate? I confess that I do not understand.
by ClaycordJCA
Mon Aug 19, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118461

Re: Fidelity as a one stop shop

I recently needed a cashier’s check to purchase a vehicle off of a lease. I believe another cashier’s check was required when we made the down payment on our house. Odd that they would want a cashier's check for a house down payment. There's plenty of time after they deposit the check to be covered...
by ClaycordJCA
Mon Aug 19, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118461

Re: Fidelity as a one stop shop

Are there any B&M banking needs that you can take care of at BoA, but can’t by walking into a Fidelity I am keeping my B&M bank (for now)?as it has some things that Fidelity doesn’t, such as : - cashier’s check —> I don’t think I need this. Never needed it yet. What are common uses of cashiers chec...
by ClaycordJCA
Mon Aug 19, 2019 1:12 am
Forum: Personal Consumer Issues
Topic: RV purchase ?
Replies: 86
Views: 6009

Re: RV purchase ?

I strongly recommend renting and taking a couple of camping trips with the kids before buying. My brother purchased a new travel trailer and used it once before deciding it didn’t meet his needs. He is now trying to sell it on consignment after buying a motor home, which turned out to be a much bett...
by ClaycordJCA
Mon Aug 19, 2019 1:02 am
Forum: Personal Investments
Topic: Invest or pay off student loans?
Replies: 41
Views: 1722

Re: Invest or pay off student loans?

I am assuming you are an associate at a large law firm. What are the long-term career prospects at your firm? Does the firm have an up or out philosophy? How many new partners were added in the past couple of years? How does that compare to the first year associate classes of 8, 9 and 10 years ago? ...
by ClaycordJCA
Sun Aug 18, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Do you get value out of Clear (airport screening)?
Replies: 31
Views: 3273

Re: Do you get value out of Clear (airport screening)?

DW has it. We will not renew now that she has Global Entry. Interestingly, Norwegian Airlines did not recognize her Clear number (computer and reservation clerk) when we made a reservation last fall. There is no reason Norwegian or any other airline would be able to recognize or otherwise do anythi...
by ClaycordJCA
Sun Aug 18, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Do you get value out of Clear (airport screening)?
Replies: 31
Views: 3273

Re: Do you get value out of Clear (airport screening)?

DW has it. We will not renew now that she has Global Entry. Interestingly, Norwegian Airlines did not recognize her Clear number (computer and reservation clerk) when we made a reservation last fall.
by ClaycordJCA
Thu Aug 08, 2019 11:26 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 1931

Re: Rollover to Vanguard or Fidelity?

I have made the somewhat reluctant decision to roll my 401k plan to either Fidelity or Schwab when I retire. My DW has no interest in investments and is disabled by chronic migraines. The migraines can temporarily impair her cognitive functioning. If something were to happen to me, she needs to have...
by ClaycordJCA
Thu Aug 08, 2019 10:44 pm
Forum: Personal Consumer Issues
Topic: Budget Rental Cars Left Me Stranded--Prevention ?
Replies: 42
Views: 2603

Re: Budget Rental Cars Left Me Stranded--Prevention ?

I had this happen at an airport (Burbank) a number of years ago. Hertz was out of cars even though I had a reservation. Luckily, Alamo had a nice, new Toyota Avalon. I now rent only from Alamo.
by ClaycordJCA
Tue Aug 06, 2019 11:22 pm
Forum: Personal Investments
Topic: Primecap or 500 index which to sell
Replies: 8
Views: 754

Re: Primecap or 500 index which to sell

How is the financial advisor compensated? If the advisor’s fee is based on a percentage of your assets, s/he may not be helping you to sell because it is not in the advisor’s interest to do so.
by ClaycordJCA
Thu Aug 01, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Is a 300/500 car policy truly enough?
Replies: 54
Views: 4923

Re: Is a 300/500 car policy truly enough?

my MIL was driving my wife’s car and struck another vehicle from behind would my family stand to lose everything despite my relatively high level of coverage? Why do you think you (personally) would have any liability when you weren't driving the car? doesn't insurance follow the vehicle? and since...
by ClaycordJCA
Thu Aug 01, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Is a 300/500 car policy truly enough?
Replies: 54
Views: 4923

Re: Is a 300/500 car policy truly enough?

my MIL was driving my wife’s car and struck another vehicle from behind would my family stand to lose everything despite my relatively high level of coverage? Why do you think you (personally) would have any liability when you weren't driving the car? doesn't insurance follow the vehicle? and since...
by ClaycordJCA
Sat Jul 27, 2019 1:30 am
Forum: Personal Investments
Topic: Withdrawals During Retirement - Yearly, Quarterly, Monthly?
Replies: 51
Views: 7223

Re: Withdrawals During Retirement - Yearly, Quarterly, Monthly?

@KlangFool Where are you getting 2% in MM? I'm looking to transfer $20k from savings (which is earning next to nothing) at local bank, keeping a balance of around $5k in the savings account, but the rates I'm seeing for MM aren't great. Of course, family and friends tell me I'm crazy and need to ke...
by ClaycordJCA
Fri Jul 19, 2019 10:35 am
Forum: Personal Investments
Topic: Where to invest "car fund" for 10 years or more
Replies: 22
Views: 2320

Re: Where to invest "car fund" for 10 years or more

Another option that avoids the Schwab mutual fund transaction fee is to purchase an ETF at $4.95 (assuming the ETF does not trade free on the Schwab platform). For example, Ishares’ California muni fund, CMF, has a 0.25 ER. If you decide to go with a taxable bond fund, Schwab has a Total Bond Index ...
by ClaycordJCA
Sat Jul 13, 2019 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3848

Re: Financing my daughter's college with my 401K

Why not have your daughter spend two years at the local community college living at home and then transfer? Didn’t hurt me (attorney), my brother (teacher) or my son (CS degree and employed as a programmer after graduating this year with his BS). Now college is paid for and no need to tap the 401k.
by ClaycordJCA
Sat Jul 13, 2019 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Adding a Vehicle raises Umbrella premium?
Replies: 12
Views: 1276

Re: Adding a Vehicle raises Umbrella premium?

I removed a Toyota Corolla from my NorCal/Nevada AAA umbrella policy this morning since my son now has his own insurance and we transferred the title so it is in his name only. Annual rate decreased by about $80.
by ClaycordJCA
Thu Jul 11, 2019 2:32 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 370
Views: 47915

Re: Roll Call for the Retirement Class of 2019!

Alas, it appears the uncertainty over continuing viability of the ACA and it’s preexisting condition protections will require me to postpone my much hoped for 2019 retirement retirement date. :annoyed. I’m sure hoping that I can get out before I turn 63.5. Best of luck to all of my former classmates.
by ClaycordJCA
Thu Jul 11, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Mediate or Arbitrate?
Replies: 8
Views: 938

Re: Mediate or Arbitrate?

A mediation necessarily involves compromise. Don’t expect to “win” at mediation. I’ve participated in many and in my experience mediators invariably will say that a sign of a good settlement after mediation is that both sides are unhappy. Don’t expect the mediator to take your side and gang up with ...
by ClaycordJCA
Wed Jul 10, 2019 1:14 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 9086

Re: Who cuts your hair? And for how much?

I was getting a beard trim and buzz cut every 3 weeks. $34, including tip. As the hairline continued to recede, I decided last year to trim my own beard and just shave my head. Bald is beautiful (and cheap to maintain, too. :wink:)
by ClaycordJCA
Wed Jun 26, 2019 1:28 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 941
Views: 121337

Re: Post your Financial Milestone Announcements Here

DS graduated from college and started an IT job on June 1. Still have about $40k left in the 529 accounts. DD was married this last weekend. Both are now off the payroll :mrgreen:
by ClaycordJCA
Tue Jun 18, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Two comma club members and Community College
Replies: 8
Views: 1271

Re: Two comma club members and Community College

My father was the Dean of Community Services at a local community college when I graduated from high school. Going to that CC was a foregone conclusion for my younger brother and me. Did well and after two years transferred to UC Berkeley followed by UC Davis’ law school.
by ClaycordJCA
Sat Jun 01, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 4685

Re: Best day of the month to invest?

Whenever I have the $ to do so. 401k contribution typically hits the first week of the month. Taxable investment on the 15th of each month.
by ClaycordJCA
Fri May 31, 2019 11:30 pm
Forum: Personal Consumer Issues
Topic: 4 Day plan to LA..Suggestions
Replies: 22
Views: 1124

Re: 4 Day plan to LA..Suggestions

The kids are 7 & 10. They’ll want to go to Disneyland, California Adventure, and Universal Studios. Put a day at the beach in the middle because the adults will need a break from the amusement park crowds at some point. Forget the Santa Monica Pier - takes all of 90 minutes - and Hollywood.
by ClaycordJCA
Mon May 27, 2019 2:06 am
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 14212

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

And if you want an asset allocation that remains constant, the Vanguard Life Strategy.series of funds offer a nicely-diversified portfolio in a single low-cost fund that rebalancs automatically. Does anybody know if Fidelity has the equivalent of VG's Lifestrategy funds? Or, can VG's Lifestrategy f...
by ClaycordJCA
Sun May 19, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 109
Views: 45504

Re: 100 Things I Wish Someone Had Told Me After College And Before I Entered The Real World

At my son’s commencement yesterday, one of the speakers recommended making regular contributions to a Roth IRA and explained how at age 65 the kids could have a million dollars tax free for retirement. I made a point to emphasize it after our family celebration had ended. Hopefully, it will get get ...
by ClaycordJCA
Sun May 19, 2019 1:15 am
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 977

Re: 81 year old needs rollover fund advice

My 89 year old father is quite pleased with his 60/40 sock/bond ratio, as he believes that allocation has performed very well for decades I have tried several times over the years to adopt a less aggressive allocation, but have finally given up. He doesn’t need the money - his pension provides more ...
by ClaycordJCA
Thu May 16, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Which car has the best or most comfortable cabin under 35K
Replies: 74
Views: 6347

Re: Which car has the best or most comfortable cabin under 35K

2016 Lexus ES 300 Hybrids are coming off 3 year leases. Asking price is around $30k in the SF East Bay. I have one and average 37 mpg in mostly city driving plus being at the top of a hill. Car is very comfortable and quiet. Power seats. Not particularly engaging to drive, but it suits me since I ha...
by ClaycordJCA
Sat May 11, 2019 12:08 am
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 103334

Re: If your net worth is over $3 million, how did you do it?

Does it count if net worth was $3 million at the beginning of the week? :annoyed Dad paid for college (thanks, Dad) and I graduated from law school with only $15.5k in debt. Dad stressed the importance of opening an IRA early - the $6k or so invested in 87-89 is now over $100k Maxed out the 401k eve...
by ClaycordJCA
Fri May 10, 2019 2:30 am
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4712

Re: wedding gift value

Feeling blessed. DD is getting married in June. She and her fiancé live in a VLCOL town (is a population of 9k a city or a town?). Gave her a budget of $10k for 100 people, with the idea she’d be able to keep it at or below $12.5k. I told her I will give her what she doesn’t spend. Looks like she’ll...
by ClaycordJCA
Fri May 10, 2019 1:14 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1125
Views: 164879

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

So, if one really wants a new CRV with the 1.5l engine (I’m not currently looking for any vehicle), isn’t a possible answer to lease rather than buy? Yes, it will be more expensive to lease 3 vehicles over 9 years than buying one, but Honda will bear all the risk of the faulty engine assuming all sc...
by ClaycordJCA
Sun May 05, 2019 9:32 pm
Forum: Personal Consumer Issues
Topic: Anyone lived in Old Northwest Reno or Sparks
Replies: 10
Views: 1205

Re: Anyone lived in Old Northwest Reno or Sparks

noraz123 wrote:
Sun May 05, 2019 8:36 pm
Watching this thread with interest, as my parents are considering Reno as a retirement destination (coming from upstate NY).
DW and me, too.
by ClaycordJCA
Tue Apr 23, 2019 12:05 am
Forum: Personal Consumer Issues
Topic: Montana / Wyoming Summer Trip Ideas
Replies: 29
Views: 2498

Re: Montana / Wyoming Summer Trip Ideas

Years ago we spent 10 or so days in Jackson, West Yellowstone and Cody. Won’t reiterate the earlier advice, but I highly recommend taking a late afternoon guided float trip along the Snake River in Grand Teton National Park - saw lots of wildlife, including many bald eagles. My son and I also took a...
by ClaycordJCA
Sat Apr 20, 2019 12:41 am
Forum: Forum Issues and Administration
Topic: password reset difficulties
Replies: 6
Views: 2684

Re: password reset difficulties

Once into the forum, where can I change my password to something I might remember? Or is receiving a new password each time a security measure? TIA You can change it by going to your Profile, from there Edit Profile and then to Edit Account Settings. You’ll need your current password to create the ...
by ClaycordJCA
Fri Apr 19, 2019 12:49 am
Forum: Personal Consumer Issues
Topic: Electric smoker
Replies: 26
Views: 1300

Re: Electric smoker

Cookshack makes great electric smokers but they are not cheap. They are made in the USA and they have great customer service. The quality is much better than what you get at Home Depot. They will also last a lot longer but you will pay for it. It makes great BBQ and the bark has never been mushy on...