Search found 2846 matches

by michaeljc70
Fri Jun 22, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 67
Views: 5870

Re: Ways to Protect Assets Without a Prenup

A pre-nup can help organize and customize this unique financial contract. But, OP, you don’t have a pre-nup. You have decided to let the chips fall where they may with the default, government mandated option. You are concerned about the finances, while marriage is primarily financial. Why get marri...
by michaeljc70
Fri Jun 22, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15476

Re: Top Shelf Liquor Overrated?

I think the other posters have hit on the key points. Vodka, which I drink more than any other liquor, is pretty standard. Though I would disagree with those that say the cheapest is the same as anything better. I buy the Costco brands (they have 2) and they are perfectly adequate. Just don't but t...
by michaeljc70
Fri Jun 22, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9": Replacement for Laptop?
Replies: 47
Views: 3599

Re: iPad Pro 12.9": Replacement for Laptop?

A Surface Pro would be a better laptop replacement than an iPad Pro. Also at a much steeper price. The iPad Pro 12.9 starts around $799 (retail) and goes over $1000. The Surface Pro (newest version) also starts at $799 but with double the iPad's storage. The key word there is "starts". A Surface Pr...
by michaeljc70
Fri Jun 22, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 42
Views: 2810

Re: How much of your taxable holdings is unrealized capital gains?

5%. I took a gain last year because I didn't work. I sold the etf and bought the same thing 15 seconds later. I paid zero Federal taxes on the $35k gain. I did have to pay state taxes on it though.
by michaeljc70
Fri Jun 22, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2203

Re: I think I am in trouble...way behind where I should be

OP, the main obstacle to your achieving a comfortable retirement is your lifestyle. If you could live on half of your income and put $150K a year into a variety of 401K, backdoor Roth, HSA ( if eligible) and taxable, if wouldn't take you long to build up a substantial net worth. Do a monthly budget...
by michaeljc70
Fri Jun 22, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2203

Re: I think I am in trouble...way behind where I should be

It sounds like you have a good plan and you've received good advice here. I would definitely consider retiring to an area with a lower cost of living than where you are now. That can make a big difference. My biggest concerns would be your career being cut short (due to what you mentioned) and lack ...
by michaeljc70
Fri Jun 22, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 67
Views: 5870

Re: Ways to Protect Assets Without a Prenup

As others said, it depends on the state. The things you listed may do nothing. It sounds like you want what is in effect a partial secret prenup so your fiancee doesn't know.
by michaeljc70
Fri Jun 22, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 1859

Re: What do we mean when we say "HCOL vs LCOL" location?

As others pointed out, taxes is only a part of the cost of living. Housing is obviously a big part. I would break it into three groups (lcol,mcol,hcol) and you can apply percents based on average cost of living. Personally, I'd say the top 20% is hcol, bottom 20% is lcol and the rest is mcol, but it...
by michaeljc70
Wed Jun 20, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6426

Re: dryer vent cleaning--your thoughts?

The one issue I had with mine is it is in a closet and getting the dryer back in without the exhaust hose getting messed up was tricky. I have to get it pretty close to the wall or I cannot close the closet doors.
by michaeljc70
Wed Jun 20, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7450

Re: Which Supermarket are you?

What supermarkets do you Boggleheads go to and do most of your grocery shopping. Do you believe in the Organic hype and only shop at Whole Foods or do you go to Trader Joes for the cheaper alternative? Looking at making a decision on what supermarket i should ultimately be shopping at. If you've ev...
by michaeljc70
Wed Jun 20, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Is the Dow Jones Industrial Average a useful metric?
Replies: 28
Views: 1356

Re: Is the Dow Jones Industrial Average a useful metric?

I look at the S&P 500 to get a sense of what the market is doing in a broad sense. The Dow is way to few companies, and frankly most aren't industrial anymore so the name is a misnomer. I wish they would use the TSM, but nobody on the news or media shows that often.
by michaeljc70
Wed Jun 20, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6426

Re: dryer vent cleaning--your thoughts?

I cleaned mine myself using a kit I bought that hooks up to a drill. The dryer when I moved in wasn't working well. I thought it was because it was old. I bought a new dryer, but it still took forever to dry. I cleaned the vent and it is much better. Mine was not as easy to clean as some. My dryer i...
by michaeljc70
Wed Jun 20, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7018

Re: Boring Job

Interesting thread. As I stated above, I am contemplating asking for more work as the boredom is killing me. However, some of my co-workers are on projects where they get calls 24/7 and work ridiculous hours. I am afraid if I ask for more work there is a good chance I wind up like them.
by michaeljc70
Tue Jun 19, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Do you have to invest in Bond ETF?
Replies: 7
Views: 840

Re: Do you have to invest in Bond ETF?

I didn't own any bonds until well into my 40s. If this is all long term money (like for retirement), I don't see the point. Just stick to whatever AA/plan you come up with. I would hold an international stock fund though in place of VOO. VTI is better than VOO because it has some exposure to small c...
by michaeljc70
Tue Jun 19, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9": Replacement for Laptop?
Replies: 47
Views: 3599

Re: iPad Pro 12.9": Replacement for Laptop?

killjoy2012 wrote:
Sun Jun 17, 2018 12:19 pm
A Surface Pro would be a better laptop replacement than an iPad Pro. Also at a much steeper price.
The iPad Pro 12.9 starts around $799 (retail) and goes over $1000. The Surface Pro (newest version) also starts at $799 but with double the iPad's storage.
by michaeljc70
Tue Jun 19, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7450

Re: Which Supermarket are you?

What supermarkets do you Boggleheads go to and do most of your grocery shopping. Do you believe in the Organic hype and only shop at Whole Foods or do you go to Trader Joes for the cheaper alternative? Looking at making a decision on what supermarket i should ultimately be shopping at. If you've ev...
by michaeljc70
Tue Jun 19, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: How to brokered CDs differ?
Replies: 9
Views: 790

Re: How to brokered CDs differ?

Many of the brokered cds I come across can be called. I haven't seen that in bank CDs. Bank or credit union direct CDs rarely can be called. Most of the brokered CDs I see cannot be called - but some can. Look at the search criteris and details. The ones I see get emailed to me by TDA so very well ...
by michaeljc70
Mon Jun 18, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7450

Re: Which Supermarket are you?

I go where the deals are within reason. Never Whole Foods. I go to Aldi, Costco and other local chain stores (occasionally hit Asian and Mexican local stores) depending on the sales and what I need that week. I have many grocery stores within a mile or two of me. The market here is quite competitive...
by michaeljc70
Mon Jun 18, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to brokered CDs differ?
Replies: 9
Views: 790

Re: How to brokered CDs differ?

Many of the brokered cds I come across can be called. I haven't seen that in bank CDs.
by michaeljc70
Mon Jun 18, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 8318

Re: Help Buying Mens Shoes for Work and Dating

If I was going minimalist, I personally would skip brown shoes. Black go with more things. I have around 30 pair of shoes and maybe 4 pair are brown. When traveling I stick with black. I think you can accomplish what your want with two pairs of shoes. One being a black lace up dressier shoe and the ...
by michaeljc70
Sun Jun 17, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3473

Re: Standard buyer's remorse or poorly timed enlightenment?

It said you bought a new home in the original post but in another post said you are in the process. If you haven't closed, what point are you at? I take it you are past any of the clauses that can be used to cancel the deal?
by michaeljc70
Sun Jun 17, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3473

Re: Standard buyer's remorse or poorly timed enlightenment?

I agree with the wait 6 months. I assume based on what you posted, you carefully considered multiple homes and didn't just impulsively buy this one. Maybe you are forgetting all the negatives of the homes that were closer to your work and less expensive? Moving is expensive. Think of the moving cost...
by michaeljc70
Sun Jun 17, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4142

Re: Are Bogleheads smarter than the bond market?

Retail investors have access to 100% FDIC insured savings accounts (duration of 0) with interest rates that on the highest end rival 3 month t-bills. The CD liquidity premium is also very well known and while not as strong as it was last year or even before, they still gives a premium over treasuri...
by michaeljc70
Sat Jun 16, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7346

Re: I feel like selling my 3 fund

Im thinking I can sell now and get into something more stable until we are at the bottom of a bear market again. I feel like we are at the peak and a downturn is coming. Why go In now and watch my portfolio value decline over the next few years when I can just go in at the next bottom or as close t...
by michaeljc70
Sat Jun 16, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: How much tilt is enough to make a difference?
Replies: 27
Views: 1825

Re: How much tilt is enough to make a difference?

As pointed out, "make a difference" is vague. Personally, 5% or less of any fund/ETF I don't think is significant enough to bother with. I suppose you could argue that if you make 5 5% tilts, it could add up.... I'd do 8-10% or not bother.
by michaeljc70
Sat Jun 16, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11141

Re: Which boglehead rule do you break--and are ok with

Mild market timing? I find myself with a decision, after meeting retirement and 529 goals, to put an extra $X per month toward the mortgage, or in the market. The market is likely at the end of a long bull run, and property values are going up about 8-10% here. If the numbers were reversed I'd prob...
by michaeljc70
Sat Jun 16, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11141

Re: Which boglehead rule do you break--and are ok with

I'm interpreting the question more loosely than some. I thought the OP meant more on the order of things you do that most Bogleheads wouldn't do - contrary to the majority of Bogleheads. -Took 10 years off working out of 27 years since college. I enjoyed the time off (did a lot of travel), but obvio...
by michaeljc70
Sat Jun 16, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 43
Views: 3511

Re: Contractor - Threatening Lien/Lawsuit

I agree with the people that say his threats are a deflection from him wanting to give you money back. The basis for what he would sue you on (based on what you posted here) is ludicrous. Whether you want to try and get your money back and/or try and expose his scamming is another story. My guess is...
by michaeljc70
Fri Jun 15, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4142

Re: Are Bogleheads smarter than the bond market?

As I mentioned above (I am not going to quote myself :oops: ), the risk is not just to the downside. It seems that it is often ignored in a lot of these threads. No one expects stocks to go up every year yet they enjoy double digit gains some years, but those double digit gains in longer term bonds/...
by michaeljc70
Fri Jun 15, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4142

Re: Are Bogleheads smarter than the bond market?

Since there are so many threads bashing them, I'll add that having international bonds has cushioned the drop in NAV of BND. I was thinking about dropping them, but now think they are not a bad addition (though I wouldn't call them necessary).
by michaeljc70
Fri Jun 15, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1843

Re: Taxation for free-lancers

About the liability, I think she is working for a large tech powered company, as a representative of that company. So I would assume the liability, if any, is born by them. But it is a very good point that you raised, I will ask her to check with them. She shouldn't rely on what the company says. W...
by michaeljc70
Fri Jun 15, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2025

Re: Home Sellers - do you read Buyer inspection reports?

I have gotten my own inspection reports prior to selling, using a highly respected local person. Then I fix most of the issues on the report and disclose it to prospective buyers. They of course are free to get their own inspection, but I feel my downside risk is known. By disclosing this before of...
by michaeljc70
Fri Jun 15, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4142

Re: Are Bogleheads smarter than the bond market?

I'm still in BND and staying the course.

Another thing I didn't see mentioned is short term bond funds or CDs would not have returned 17% in 2000, 10% in 2007 , 20% in 2008, 16% in 2011 or 11% in 2014 but long (10 year treasuries) bonds did.
by michaeljc70
Thu Jun 14, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8890

Re: I was rear ended and the other guy wants a payout!

The vehicle striking the rear of another vehicle while moving in traffic is ALWAYS at fault. Negative. I agree. That is a myth. If you were both in the same lane for a significant period of time, then it is true. I think you have to listen to both sides to actually know what really happened. For so...
by michaeljc70
Thu Jun 14, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7018

Re: Boring Job

This has happened to me quite a few times during a career. The nature of how I work is I tend to fund ways to do things more efficiently. It's kind of a tricky situation and there is nothing worse than boredom at work. My experience in asking for more work typically hasn't yielded more work. It oft...
by michaeljc70
Thu Jun 14, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8890

Re: I was rear ended and the other guy wants a payout!

Sadly, this happened to me many years ago. The other driver rear-ended me, well after I was on the street. She was obviously at fault, didn't even have her driver's license with her, and left the scene to go home and get it. Months later when my premiums increased, I found out she had claimed it wa...
by michaeljc70
Thu Jun 14, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8890

Re: I was rear ended and the other guy wants a payout!

chevca wrote:
Thu Jun 14, 2018 11:19 am
bloom2708 wrote:
Thu Jun 14, 2018 11:12 am
The vehicle striking the rear of another vehicle while moving in traffic is ALWAYS at fault.
Negative.
I agree. That is a myth. If you were both in the same lane for a significant period of time, then it is true.
by michaeljc70
Thu Jun 14, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3564

Re: Non-alcoholic drinks for wedding

I wish I could help, but I don't drink non-alcoholic beverages. :shock:
by michaeljc70
Thu Jun 14, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2025

Re: Home Sellers - do you read Buyer inspection reports?

Presumably they had an inspection when they bought. Both of our selling and buying Real Estate agents said "You would be surprised"... One said that few buyers actually pay for an inspection of a newer tract home -- they seem to think it costs too much. To me, that's cheap insurance. Those usually ...
by michaeljc70
Thu Jun 14, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2025

Re: Home Sellers - do you read Buyer inspection reports?

I guess I don’t entirely get what people are saying. What typically happens is the buyer says you have to fix or I want money off due to X,Y and Z. There is no possible way to avoid knowing X,Y and Z. X,Y and Z are typically the biggest problem found (though they may throw in the small stuff too). ...
by michaeljc70
Thu Jun 14, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2025

Re: Home Sellers - do you read Buyer inspection reports?

I guess I don’t entirely get what people are saying. What typically happens is the buyer says you have to fix or I want money off due to X,Y and Z. There is no possible way to avoid knowing X,Y and Z. X,Y and Z are typically the biggest problem found (though they may throw in the small stuff too). A...
by michaeljc70
Wed Jun 13, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4751

Re: How and when do you decide to do Tax Loss Harvesting?

so lets say someone is at vanguard. could you flip from their total market ETF to the mutual fund without triggering a wash sale? I Probably not. There is no tax consequence from going from investor share to admiral. So I would assume that the same would apply here. I believe you would have a wash ...
by michaeljc70
Wed Jun 13, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1843

Re: Taxation for free-lancers

1. Yes, you can continue to file MFJ. I would still run the numbers both ways to see which way (MFJ or MFS) is optimal. 2. I would say it depends on the type of work she'll be doing. If she's doing provide services where liability may be an issue, it's probably better to create a business entity an...
by michaeljc70
Wed Jun 13, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16115

Re: Should I take possession of a certified mail?

It is unlikely he would sue. A mechanic's lien against your home would be more likely. That is much cheaper/easier. As others said, I would just receive and read the letter. It could be a simple "I'm disappointed I spent the time and didn't get the work, don't call me again." kind of thing.
by michaeljc70
Tue Jun 12, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7018

Re: Boring Job

Yes, I've quit a few jobs due to boredom. Generally it was because I had no work rather than the nature of the work. Friends and family thought I was crazy- it was easy money. However, I told them to sit in a closet (to simulate a cube) for 40 hours a week and do nothing (no sleeping or personal cal...
by michaeljc70
Tue Jun 12, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 94
Views: 9307

Re: At what point to buy new car for safety

The overall driver death rate for all 2011 and equivalent models during 2009-12 was 28 deaths per million registered vehicle years. The overall driver death rate for all 2002 and equivalent models during 2000-03 was 87 deaths per million registered vehicle years. http://www.iihs.org/iihs/topics/dri...
by michaeljc70
Mon Jun 11, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 25
Views: 2925

Re: ~1 year from FIRE - Tax diversification strategy?

Note that some states don't have income tax on Roth conversations (mine being one of them). Interesting! Based on https://www.forbes.com/sites/ashleaebeling/2017/02/21/senior-specials-14-states-with-retirement-income-tax-breaks/#55cc7159a462 it looks like Hawaii (401k or rollover IRA from 401k only...
by michaeljc70
Mon Jun 11, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4751

Re: How and when do you decide to do Tax Loss Harvesting?

I also don't keep bonds in taxable accounts. Some bonds are very tax-efficient. Notice the short bond funds at the top of the list. From the Bogleheads Wiki: https://s22.postimg.cc/8wm4glf9d/Bond_Capture.gif https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Those short term bond funds wo...
by michaeljc70
Mon Jun 11, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4751

Re: How and when do you decide to do Tax Loss Harvesting?

The amount of talk on these forums of TLH after a 9 year bull run suprises me. It's not been a bull market in bonds. They were up big in 2007-2008 and 2010-2011 (of course it depends what bonds you look at... I'm looking at long treasuries). They had a couple down years, but none big since 2009. TB...
by michaeljc70
Mon Jun 11, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4751

Re: How and when do you decide to do Tax Loss Harvesting?

The amount of talk on these forums of TLH after a 9 year bull run suprises me. I did capital gains harvesting last year due to being in a lower tax bracket.