Search found 64 matches

by jgdsss
Mon Nov 12, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Laptop warranty-Costco’s version?
Replies: 4
Views: 479

Re: Laptop warranty-Costco’s version?

Yes but they didnt have a laptop that worked for me. So I bought it at Best Buy.
by jgdsss
Mon Nov 12, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Laptop warranty-Costco’s version?
Replies: 4
Views: 479

Laptop warranty-Costco’s version?

I never buy extended warranties but just purchased a new HP laptop, it’s one of the kind where the screen folds back and becomes a tablet. It was $1,100 at Best Buy. I figure a warranty might be good in this instance bc it is so portable, I will be taking it to and from work a lot (more chance for d...
by jgdsss
Thu Sep 27, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Need advice on kitchen cabinet
Replies: 16
Views: 1093

Re: Need advice on kitchen cabinet

Thanks again to all your inputs. After a week of research and quotes I think I get a better sense of what are the options. Option 1 is to repaint. Contractors will degrease, sand lightly, apply oil based primer and then 2 coats of acrylic (enamel?) paint. Some will spray paint and some will brush a...
by jgdsss
Thu Sep 27, 2018 6:29 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth-need general explanation
Replies: 3
Views: 984

Backdoor Roth-need general explanation

Can someone please explain to me, in very layman terms, what is a Backdoor Roth, when and how Is it utilized. I’ll even take a link to a site that breaks it down.
by jgdsss
Wed Sep 26, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82839

Re: How much money do you want to retire?

Are you speaking in terms of just “you” or is it “we” as in yourself and spouse? If you need 2million, does that assume that that’s total for your family unit?
by jgdsss
Mon Aug 20, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a pile of cash?
Replies: 16
Views: 2122

Re: What to do with a pile of cash?

Same boat! I’ve been waffling back and forth about this for a year now. My numbers are similar to yours; balance left on mortgage is 137k. I have $198k in a taxable and $346k in tax advantaged accounts. Maxing our $42k in tax adv Acts (401k, simple ira and two Roths). Sending anything extra to broke...
by jgdsss
Tue Aug 14, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 3978

Re: Almost 30 - Check In

Ring. My fiancé bought me an fairly expensive ($13k) platinum ring when we got engaged. I do like it but it’s not really that important nine years later. Sometimes I think of selling it but probably wouldn’t get near what he paid. Maybe we will sell it eventually. I would be perfectly happy with a n...
by jgdsss
Mon Aug 06, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5879

Re: Comfort level with Credit Card Balance

Was just discussing this the other day. Currently have $5k in cc debt that we acquired from husbands recent cataract surgery. They offered a care credit card with 0% for 18months. I’m leaving cash in our high yield savings and just paying off the cc from there. It didn’t make sense to pay in cash wh...
by jgdsss
Thu Jul 26, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: [S-Corps] Accountant advice on handling profit
Replies: 22
Views: 1464

Re: [S-Corps] Accountant advice on handling profit

If you have enough extra to not affect your cash flow, then take it as a distribution. I wouldn’t put it in payroll. If you do have some extra cash, there may be some other options, legally of course, to get take cash out. Rent your home to yourself for your monthly shareholder meetings, etc. there’...
by jgdsss
Thu Jul 05, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3629

Re: 401k fees...what's "too high?"

We're missing a relevant data point here on the overall size of the plan. But if this plan is under 15 mil total that's very reasonable and I could make the case that Vanguard is the largest hog at the trough. All they are doing is running the mutual fund, not recordkeeping contributions, maintaini...
by jgdsss
Wed Jul 04, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3629

Re: 401k fees...what's "too high?"

Now I just reviewed his previous 401k (which we left at fidelity) and there are NO administrative fees (just expense ratios for the five funds he’s got). Seems odd; do the admin fees go away if he’s not active? Or perhaps there were never any admin fees. Trying to decide if it’s a good idea to rollo...
by jgdsss
Wed Jul 04, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3629

Re: 401k fees...what's "too high?"

Husband started new job late last year. We are on track to max out this 401k at $18,500 for this year. We were happy there was Vanguard funds available so we went with it but now I have questions on the fees. I know all 401ks will have fees, but how do I know if these are reasonable or high? 100% o...
by jgdsss
Wed Jul 04, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3629

Re: 401k fees...what's "too high?"

I know all 401ks will have fees, but how do I know if these are reasonable or high? Not all 401(k)s have fees paid by the employee. I've been lucky, and I've never had separate fees in any of my 401(k)s. My wife's new 401(k) does, and it's the first time she's had a 401(k) with separate fees. Hers ...
by jgdsss
Wed Jul 04, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3629

401k fees...what's "too high?"

Husband started new job late last year. We are on track to max out this 401k at $18,500 for this year. We were happy there was Vanguard funds available so we went with it but now I have questions on the fees. I know all 401ks will have fees, but how do I know if these are reasonable or high? 100% of...
by jgdsss
Wed Mar 21, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know when you need a trust?
Replies: 22
Views: 3630

How do you know when you need a trust?

Is there a certain dollar amount to have in investments/multiple homes/cars/possessions that makes it worth it? I spoke with an estate planning attorney and she of course recommends an asset protection trust . It’s $1,500 to set up and it seems like it wouldn’t need too much “adjusting” after initia...
by jgdsss
Wed Mar 21, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 52
Views: 5534

Re: Your favorite Florida beach??

Will you be renting a car? If you stay in St Pete beach, you can hang out there then drive north up Gulf Blvd through all the other beach towns—Indian Rocks, Bellair, Clearwater. To the south is PassAGrille which is quieter but beautiful. Some stretches of Gulf Blvd are more touristy than others. Lo...
by jgdsss
Tue Feb 13, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: SCorp and Roth IRA
Replies: 3
Views: 361

Re: SCorp and Roth IRA

I'm SCorp and I do simple IRA for myself and employees. I use Vanguard, super easy. Simple IRA lets you contribute $12,500 (or 15,500 catch up). I max that out and also do a Roth with my after tax money.
by jgdsss
Fri Feb 02, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 9362

Re: Anyone else cashing out on *some* of the crazy earnings?

Going to throw this out there, pretty much knowing what people are going to say. But how many others are out there, thinking the same way. Account is up a very healthy amount the last year, not to mention just the last 4 weeks (well into the 5 figures). I think the run up in the last year is 80% em...
by jgdsss
Sat Sep 23, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Move 401k to new 401k or transfer to ira
Replies: 2
Views: 385

Move 401k to new 401k or transfer to ira

Husband just got new job and new 401k has pretty good offerings. We have 0% in bonds at the moment in our AA and they offer one of the Vanguard bond funds. We set up his new 401k for 100% in the bond fund so we can start to slowly adjust our AA to include bonds. We can change at any time. Should we ...
by jgdsss
Mon Sep 18, 2017 12:52 am
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 2445

Re: Sticky family/parental care situation...long post

The circumstances just seem a bit odd on several points. But every family's dynamics are different and if it were me, the care of FIL outweighs a lot of other things. But... why shouldn't you ask for some financial reporting? Why is the check made out to the daughter? What happens if caregiver is i...
by jgdsss
Mon Sep 18, 2017 12:50 am
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 2445

Re: Sticky family/parental care situation...long post

The next time your husband visits, he should ask to talk to his father alone. Ask: Is he in pain? Does he need anything? Do the meds help? Is he satisfied with the household help? Who does he want to make medical decisions for him? Would he like your husband to contact his doctor about anything? Wo...
by jgdsss
Mon Sep 18, 2017 12:29 am
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 2445

Re: Sticky family/parental care situation...long post

MulesFan wrote:
Mon Sep 18, 2017 12:15 am
How do the two other brothers feel about this situation?
One is fine with it (fairly well off, ut doesn't ever see the family or visits) and the other feels like we do. He lives nearby and visits but the stepmother made it clear that she's in charge.
by jgdsss
Sun Sep 17, 2017 11:52 pm
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 2445

Sticky family/parental care situation...long post

Husbands father, 84 y/o with bone cancer. Lives out of state with his wife (not my husbands mother). This stepmothers daughter and husband (aged late 50s) moved into the basement a few years back due to financial difficulties/health problems. It's not the worst news that they live there now as they ...
by jgdsss
Sun Sep 17, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review please
Replies: 10
Views: 1259

Re: portfolio review please

Great job gathering the info! Start with the basics. What is your desired AA of stocks/bonds, and what % International do you want? That answer will help you figure out how to simplify your holdings. Each account does not need to duplicate your AA. The smaller accounts can even have just one holdin...
by jgdsss
Fri Sep 15, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review please
Replies: 10
Views: 1259

Re: portfolio review please

Simplify. If it's not a total stock, total bond or total international fund, lose it. Roll your Fidelity to a Fidelity IRA. Way less hassle. No requirement to fly to Rome to get the Pope to bless and put his wax seal on the envelope, cheaper than Vanguard. That's it. thanks, we may consider that! l...
by jgdsss
Fri Sep 15, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review please
Replies: 10
Views: 1259

Re: portfolio review please

Great job gathering the info! Start with the basics. What is your desired AA of stocks/bonds, and what % International do you want? That answer will help you figure out how to simplify your holdings. Each account does not need to duplicate your AA. The smaller accounts can even have just one holdin...
by jgdsss
Thu Sep 14, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review please
Replies: 10
Views: 1259

Re: portfolio review please

wow, that's very through. i appreciate your insight. You're welcome. Hopefully others chime in also. I'm pretty new here myself. I will say this - I have somewhat of the same issue you do, in that I have a whole bunch of different funds in different accounts (do what I say, not what I do! :D ). The...
by jgdsss
Thu Sep 14, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6923

Re: Paying off debt vs. max savings

I think this is a 'sticky' somewhere. WHAT 0. Establish an emergency fund to your satisfaction 1. Contribute to your 401k up to any company match 2. Pay off any debts with interest rates ~5% or more above the 10-year Treasury note yield. 3. Max HSA 4. Max Traditional IRA or Roth (or backdoor Roth) ...
by jgdsss
Thu Sep 14, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review please
Replies: 10
Views: 1259

Re: portfolio review please

wow, that's very through. i appreciate your insight.
by jgdsss
Thu Sep 14, 2017 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Funds added to 401k
Replies: 15
Views: 1600

Re: Vanguard Target Retirement Funds added to 401k

Coincidence, my husband just changed jobs and there are several Target Retirement funds in their offerings. We can choose those or customize. I'm not sure why we wouldn't use the Target Retirement Funds, as a few others here have mentioned. The one has an ER of .15%. I'm curious, he has option for 4...
by jgdsss
Thu Sep 14, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review please
Replies: 10
Views: 1259

portfolio review please

hi all, i took a lot of time to get this down and looking good, hopefully it's formatted correctly. She- 38, small biz owner, salary $80k salary, $19k small biz dividends He- 47, salary $45k, $15k in1099/freelance work Emergency Fund- $21k Debt- Mortgage, $145k balance with 25 years left Married fil...
by jgdsss
Thu Sep 14, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard balances as percentages?
Replies: 4
Views: 581

Re: vanguard balances as percentages?

Account Overview > Asset Mix will break it down to Stocks / Bonds / Short Term / Uncategorized. For more granular breakdown I import the balances monthly into a Google Spreadsheet and it spits out a bunch of visualizations for me. thanks. i just did an import into excel and after sorting and fixing...
by jgdsss
Thu Sep 14, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard balances as percentages?
Replies: 4
Views: 581

Re: vanguard balances as percentages?

that's it, perfect! thanks. now onto crafting my post. :shock: it's taking a long time but i'm going to do it right!
by jgdsss
Thu Sep 14, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard balances as percentages?
Replies: 4
Views: 581

vanguard balances as percentages?

i've combed through my account balances page pretty well and i can't seem to see how to view my investments as percentages as opposed to dollar amounts. i'm trying to gather the correct info for a post and i'd like to follow the guidelines and post what % i have in each fund, but i can't seem to see...
by jgdsss
Wed Sep 06, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: beginning real estate investing resources
Replies: 6
Views: 1020

beginning real estate investing resources

i know this could open up a ton of thoughts/comments, but does anyone have a good, solid (not scam-y) source (site, blog, etc) for some basics on getting started in real estate investing? i want to initially see about perhaps buying a rental property as the first step and start small. i'm thinking t...
by jgdsss
Sun Aug 13, 2017 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: rollover 401 to vanguard- ira?
Replies: 3
Views: 497

rollover 401 to vanguard- ira?

husband got a new job and he will get all his benefit info soon. he currently has about 70k in a Fidelity401k. i'm doing some research and trying to decide about rolling over, converting, etc. he has both a roth and traditional with vanguard; is it possible to max out the roth for this year with 401...
by jgdsss
Wed Nov 09, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: liquidate taxable acct to pay off mortgage?
Replies: 15
Views: 2238

Re: liquidate taxable acct to pay off mortgage?

One question the OP asked was - what do I do with the Capital Gains info? In short, if you have XXX dollars in your taxable account, some of it is your cash that you bought in with, some of it is dividends over time that you paid taxes on (all that is after tax $$) and some of it is what they call ...
by jgdsss
Wed Nov 09, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: liquidate taxable acct to pay off mortgage?
Replies: 15
Views: 2238

Re: liquidate taxable acct to pay off mortgage?

How long will you stay in this house? How much of the 135k taxable is your contribution amount vs how much has it grown? Are you in index funds, individual stocks, etc? I'm wondering if you hit a homerun on a streaky stock like Apple, Google, Netflix, Amazon, etc. Do you expect the taxable to conti...
by jgdsss
Wed Nov 09, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: liquidate taxable acct to pay off mortgage?
Replies: 15
Views: 2238

Re: liquidate taxable acct to pay off mortgage?

What tax bracket are you in? If you're in the 25% tax bracket, you are paying an effective mortgage rate of about 3%. Odds are that your taxable account will grow at more than 3% after taxes and fees over the next 26 years (or whatever the remaining length of your mortgage is if you pay it off earl...
by jgdsss
Mon Nov 07, 2016 1:09 am
Forum: Personal Finance (Not Investing)
Topic: liquidate taxable acct to pay off mortgage?
Replies: 15
Views: 2238

liquidate taxable acct to pay off mortgage?

Hi all, a bit lengthy but I'll try to whittle it down as much as possible. All accounts in Vanguard except 401k. Husband 46, Wife 36. Both work full time, combined income around $150k. Husband Trad IRA- 65k (maxing out) Husband Roth IRA- 22k (not contributing) Husband 401k- $55k (maxing out) Wife Tr...
by jgdsss
Tue Nov 01, 2016 8:42 pm
Forum: Personal Consumer Issues
Topic: estate planning advice
Replies: 2
Views: 719

estate planning advice

hi there, i have a consult set up next week with an estate planning attorney. any specific questions to ask? what is a good range that i can expect to pay for services relating to estate planning, business planning, etc. im going with my mother as we own our business together. she and my dad own a h...
by jgdsss
Tue Jul 19, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 2584

Re: mortgage vs investing

The benefit from putting more money into retirement accounts is that you save on taxes on each dollar you put into your 401K and IRA at your marginal rate (presumably at least 25% if you have income to support $1,150 PITI and $2,300 extra). The $2,300/month you have available are after tax dollars....
by jgdsss
Tue Jul 19, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 2584

Re: mortgage vs investing

Lots of info to consider thanks so much for all the thoughts. Husband has 401k (fidelity) that we don't max out (we DO contribute up to the match...he can contribute up to $18k. I have a small business simple Ira (vanguard) which I can contribute up to $12,500/year. So we "could" contribute a total...
by jgdsss
Tue Jul 19, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 2584

Re: mortgage vs investing

Do you mean into the iras? I don't see how I could move money into a 401k since it goes through his company. Maybe I'm not understanding what you're saying. :wink:
by jgdsss
Mon Jul 18, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 2584

Re: mortgage vs investing

Lots of info to consider thanks so much for all the thoughts. Husband has 401k (fidelity) that we don't max out (we DO contribute up to the match...he can contribute up to $18k. I have a small business simple Ira (vanguard) which I can contribute up to $12,500/year. So we "could" contribute a total ...
by jgdsss
Mon Jul 18, 2016 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 2584

mortgage vs investing

hi all, yet another post on mortgage vs invest. i've read and read and read and still dont know what the best scenario is. :oops: here's my situation home- value $225k, $145k left on mortgage. monthly payment (p&i, taxes, insurance)- $1150 rate 4% married, ages 36 and 46 about $280k in portfolio (ro...
by jgdsss
Wed May 25, 2016 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Geico or State Farm - auto insurance
Replies: 19
Views: 2793

Re: Geico or State Farm - auto insurance

I use esurance and got good rates. Their website is very easy. They do raise the rates every so often which is annoying. I switched to geico and then switched back. It's worth the hassle to me to change every few years to save a few hundred dollars. I'm not sure why they give you such a deep discoun...
by jgdsss
Wed May 25, 2016 12:49 pm
Forum: Investing - Theory, News & General
Topic: small business retirement plan-any one use them?
Replies: 12
Views: 781

Re: small business retirement plan-any one use them?

We have a Simple IRA through T Rowe Price. Very simple to administer and inexpensive. For your S Corp., I would highly recommend going the Simple IRA route. The only disadvantages are the lower yearly contribution limit and the back door Roth issue listed in other posts. Thanks. I see about the low...
by jgdsss
Wed May 25, 2016 12:07 pm
Forum: Investing - Theory, News & General
Topic: small business retirement plan-any one use them?
Replies: 12
Views: 781

Re: small business retirement plan-any one use them?

Hi. I've been self-employed about 15 years with Vanguard IRA/Roth IRA, which was fine, but 2 years ago combined businesses with a friend and we formed a partnership LLC. When I was a solo LLC, the IRA/SEP/Roth options were ok, but never great. We decided to do a 401k for the business, and wow after...