Search found 35 matches

by jwhitaker
Thu Aug 30, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4356

Re: Chipotle question

Ha! If you are tying to maximize dollars per calories you better stop eating at restaurants. Mr. Money Mustache says you should guzzle olive oil achieve this maximum.
by jwhitaker
Thu Aug 30, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 91
Views: 8297

Re: Mega Downsize....

Here's a contrarian view. I know someone kind of like you, house full of fancy furniture and lot of just... stuff. If I had all the money he had blown on just pure nonsense, I would be retired and I'm under 40. To me, a person that ends up in your and his situation is probably impulsive. And your al...
by jwhitaker
Sun Aug 26, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: 37 Couple Life Changes, Portfolio Review - On track?
Replies: 8
Views: 976

Re: 37 Couple Life Changes, Portfolio Review - On track?

Thanks for the replies so far. I updated the opening post. No, it's not a typo. We bought a condo a few blocks from our first place so my daughter could have a room and I would have a home office for my new business. It's an intra-family loan using the AFR (1.9%) at the time. We were both working f...
by jwhitaker
Fri Aug 24, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: 37 Couple Life Changes, Portfolio Review - On track?
Replies: 8
Views: 976

Re: 37 Couple Life Changes, Portfolio Review - On track?

Not a comprehensive response but some thoughts. Congrats on having a child and your wife beating cancer since your last post. I am also in IL and we get tax deduction for 529, so that's 5% off college (not to mention leading gubernatorial candidate claims to support a tax increase). So definitely do...
by jwhitaker
Fri Aug 24, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Career decisions and healthcare/finances
Replies: 6
Views: 939

Re: Career decisions and healthcare/finances

I agree, trying to set up your own business is something to do when you have a more stable support under you. Sounds like you have a lot of responsibility and time commitment already with your children. The 3/4 working is a benefit you should value at your current job. You ask should you consider ge...
by jwhitaker
Mon Aug 20, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: career move: pay versus boredom
Replies: 5
Views: 785

career move: pay versus boredom

Hi all, looking for career advice and wisdom. I'm mid to late 30's with family settled in the midwest. Been at my current job in financial services (backend technical work) close to 10 years. Starting to get a little bored at my current company. A few issues with just looking for a new job and jumpi...
by jwhitaker
Sun Jun 17, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: new thinking under 2018 tax law?
Replies: 21
Views: 3429

Re: new thinking under 2018 tax law?

The differences in marginal rates were small. (25% to 22%? 12% to 10%?) Even if the rates were to go back to the higher ones it wouldn't change any of my decisions on tax-deferred accounts. Those are nominal differences. I was in the AMT exemption phaseout range before, but won't pay AMT anymore, s...
by jwhitaker
Wed Apr 25, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Needing some sage advice on mom's Uni Life policy
Replies: 10
Views: 827

Re: Needing some sage advice on mom's Uni Life policy

If the 15k value is rapidly decreasing and the 480 annual cost is rapidly increasing (or its actually just way more already), then i would be rapidly cashing this out as soon as possible.
by jwhitaker
Tue Apr 24, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Needing some sage advice on mom's Uni Life policy
Replies: 10
Views: 827

Re: Needing some sage advice on mom's Uni Life policy

In general the advice is to avoid these policies no matter what. The more favorable advice is only to use these policies if you are very well off and don't intend to use the money while you are alive (i.e. for inheritance only). Doesn't seem to be the case for you. I think cashing it out is probably...
by jwhitaker
Mon Apr 23, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: new thinking under 2018 tax law?
Replies: 21
Views: 3429

new thinking under 2018 tax law?

Hi all, Just wondering if any others have thought about making changes or actually done so due to the new tax law. Previously I was subject to AMT and also in the exemption phase-out area, so my federal marginal rate was around 33% (state brings that up another 4 or 5%). Now my federal marginal will...
by jwhitaker
Mon Jan 08, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 3192

Re: protecting future inheritance

In the end, it is your parent's money to do with what they will. If your dad blows it all on some scheme, c'est la vie. Respectfully disagree. If they blow it all on a round-the-world cruise, that's none of your business. But if they are repeatedly taken advantage of -- financially and otherwise --...
by jwhitaker
Sun Jan 07, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 3192

protecting future inheritance

Hi all, sorry if this sounds greedy/evil/morbid but I am wondering what steps I could take to protect my claim to inherit my parents estate when they pass. Here is the situation: I am an only child and my parents are not wealthy but have a decent nest egg and own their home. My wife and I do not nee...
by jwhitaker
Mon Dec 11, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Prosper
Replies: 12
Views: 2147

Re: Prosper

Meh. I've been doing it a couple of years and have stopped reinvestment and am pulling out now as my loans are paid or charge off. Return was just under 4% so not worth it IMHO. Same thing here. Have been in LC for a long time (max was about $20K in). Stopped reinvesting 1-year ago and am waiting f...
by jwhitaker
Mon Dec 11, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: excess contribution(beyond state tax exemption limit) for IL529
Replies: 3
Views: 375

Re: excess contribution(beyond state tax exemption limit) for IL529

I mean, you didn't lose the 1,500 and there is no penalty. You just don't get to deduct it from taxes. You can still do the full 20k next year. You're only talking about like $50 in taxes that could, in some alternate universe, be avoided. It still grows tax free in the account also. There are lots ...
by jwhitaker
Mon Dec 11, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 15706

Re: Just not getting it

I have a quarter that I have flipped 100 times and it came up heads 97 times. All you need to do is get a bunch of people to bet on it, foolishly thinking it is 50/50, and you will make a fortune. My asking price is one million dollars, but no one has bought it yet. I'm just not getting it...
by jwhitaker
Mon Dec 04, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 4206

Re: housing for in-laws

Thank you all for the thoughtful responses. I have read and reread them all. To clarify, they have been with us on and off since my kid was born, so this is more like year 5. This is just the longest continuous stretch and why I have hit my limit. Yes they are preparing large meals, and the sharing ...
by jwhitaker
Thu Nov 30, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 4206

housing for in-laws

Hi all, just looking for some advice since housing choices have big financial implications. My wife and in-laws come from another country and culture where grandparents are much more involved in the daily life of adult children. The in-laws have been staying with us for about a year. They are saints...
by jwhitaker
Wed Oct 11, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Growth rate over the next 10-20 years
Replies: 6
Views: 950

Re: Growth rate over the next 10-20 years

You (and everyone else) should read "Capital in the 21st Century". It gives a good perspective on just how unusual the period from WW1 to the 1980s was. When we analyze historical returns and that is 50%+ of the data and say "Gee stocks average 7% real return!" or "A 5% withdrawal rate only failed t...
by jwhitaker
Wed Oct 11, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity replacing SS shortfall?
Replies: 14
Views: 1263

Re: Annuity replacing SS shortfall?

arizona slim is not wrong but I would worry more about scams with variable, deferred or equity indexed annuities, e.g. with guaranteed withdrawal features. Single premium immediate (fixed) annuities should be a relatively efficient market where it is easy to get multiple quotes for the same product,...
by jwhitaker
Thu Oct 05, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Pension Now (Age 36) or Later (Age 65)?
Replies: 45
Views: 4276

Re: Pension Now (Age 36) or Later (Age 65)?

How much would your pension pay per year if you didn't do the buyout or lump sum, and instead just received the normal pension payments starting at age 65? Most pension buyouts I've seen have been a better deal for the company than the recipient. If I take it today the payments are $80/month or 960...
by jwhitaker
Wed Oct 04, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Pension Now (Age 36) or Later (Age 65)?
Replies: 45
Views: 4276

Re: Pension Now (Age 36) or Later (Age 65)?

Two points: 1)We should turn the question around to see if we are being affected by (what I think is called) the framing affect. Here is what the question would sound like: "My employer is offering me the ability to invest 25k pre-tax in a 29 year, 0 coupon bond that currently yields 6% to maturity....
by jwhitaker
Tue Oct 03, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 19574

Re: Who has needed to use their umbrella insurance?

...The loss ratio on umbrella really is in that 20% to 50% range. So it's higher profit margin than your homeowners or auto (those are more like 60%+) but it's reasonable. Why is 20% reasonable vs 60% plus for homeowners and auto? Maybe not quite ""scam" but not exactly a great deal for the consume...
by jwhitaker
Fri May 05, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Renters are PITAS and I'm overseas - rent or sell?
Replies: 6
Views: 1269

Re: Renters are PITAS and I'm overseas - rent or sell?

I live in a new construction community and it is crazy, there is already 10% of homes that are being rented. I have looked at the numbers many many times and it never makes sense. You are paying a huge new construction premium so you can live in it. Renters don't care. First of all you are cash flow...
by jwhitaker
Fri May 05, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: Prosper.com - Misreporting annualized returns?
Replies: 15
Views: 2331

Re: Prosper.com - Misreporting annualized returns?

I use lendingclub, not prosper but had a similar issue. The return they claimed I was earning has dropped from 15% when I started to now barely more than 5% after 3 years. It isn't an error, I found the documentation of the formula they are using and verified it. It's just a flawed method. For examp...
by jwhitaker
Thu May 04, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: Crowd funded real estate?
Replies: 36
Views: 5517

Re: Crowd funded real estate?

I follow this stuff and have maybe 2% of my investments in there if you include lendingclub (not real estate put part of crowdfunding). I am actually less of a fan of it as time goes by. Swedroe is very bullish but recommends going through a fund (there are 2 I think) and that is only accessible thr...
by jwhitaker
Fri Apr 28, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 322
Views: 28630

Re: I don't understand the case for EE bonds

Thank you all for the discussion. I am leaning towards buying some and the arguments on here have really challenged me. Here are my thoughts: -I looked at CAPE and subsequent 20 year nominal returns on stocks. I'm eyeballing about 5 or 6%. Not a prediction, just the input to my mental math. So a gua...
by jwhitaker
Wed Mar 08, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Pension Options
Replies: 41
Views: 2979

Re: Pension Options

Does the 5.2% account for mortality credit? I'm guessing it's not a guaranteed payout but also contingent on her or both of you being alive. Go to an annuity calculator to see how the payments versus lump sum compares to what you could buy now. If it's fair, and you had 15k, you would never buy an a...
by jwhitaker
Wed Mar 08, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 174
Views: 31811

Re: GEICO auto rates vs. USAA: too good to be true?

Just so everyone knows, the is no such thing as teaser rates in insurance. Prices are regulated and the formula is publicly available. Different for each company which is why you get different prices. Many variables which is why no 2 people pay the same amount. Maybe some company has a 5 or 10% new ...
by jwhitaker
Mon Feb 27, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 44
Views: 2998

Re: Should we pay off our mortgage?

We are in our early and mid 40's. Planning to retire in 12 years, when our child graduates from HS and stars college. This is a question I will ask our tax guy, but wanted to ask here as well. rosaalers, How are you going to pay for your kid's college? I hope the answer is not I am going to take a ...
by jwhitaker
Mon Feb 27, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 86
Views: 21491

Re: Tracking progress to $1M portfolio and no mortgage by 40

I'm in a similar boat but refinanced my mortgage at a good time and have a 2.5% rate. I think you can already meet or beat that a few different ways so I am not planning additional paydown of the loan. I've seen threads about the psychological benefit of being debt free even if it isn't totally econ...
by jwhitaker
Wed Feb 08, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Fundrise eREIT
Replies: 19
Views: 3650

Re: Fundrise eREIT

I have a few thousand in both their growth and income eREITs. I know it is not the boglehead thing to do but I consider this my play investment money, like lendingclub, and the combination of all these new age online investments is a very small % of my portfolio. I think these type of products have ...
by jwhitaker
Mon Nov 14, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Would you work in Bermuda?
Replies: 27
Views: 4679

Re: Would you work in Bermuda?

Thank you all for the thoughtful responses. You are all dating yourselves a bit with the Cat's in the Cradle references though :D My wife doesn't think it's the best idea. A rental apartment near the business area was 6500 a month :shock: so certainly not all of the incremental increase in compensat...
by jwhitaker
Fri Nov 11, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Would you work in Bermuda?
Replies: 27
Views: 4679

Would you work in Bermuda?

Potential new job in Bermuda with substantially higher pay. I'm not interested in moving the whole family, just "commuting", i.e. flying back and forth every few weeks or month, something like that. Current job is good, this would just be like a salary of ~$200k more per year (roughly on the order o...
by jwhitaker
Sun Jul 03, 2016 10:27 am
Forum: Personal Consumer Issues
Topic: Moving Seattle -> Madison?
Replies: 33
Views: 2890

Re: Moving Seattle -> Madison?

every thread like this is the same. a bunch of boring, frugal midwesterners who've never seen the ocean say "sure move, its great here, look at this ice fishing website!". OP, do you really want to hunt, ice fish, snowmobile, and eat fried cheese curds the rest of your life? sure you can always move...
by jwhitaker
Thu Jun 16, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 19574

Re: Who has needed to use their umbrella insurance?

I'm an actuary. So you guys are right. The average loss is going to be really large, not necessarily the full limit but call it one million. So if you pay a few hundred and assume the "loss ratio" of the company is 20% to 50%, then the frequency will be on the order of one in ten thousand. It's not ...