Search found 40 matches

by mjb49
Mon Apr 08, 2019 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Home replacement cost?
Replies: 4
Views: 802

Re: Home replacement cost?

Thank you.
by mjb49
Sun Apr 07, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Home replacement cost?
Replies: 4
Views: 802

Home replacement cost?

I am renewing my homeowners insurance and trying to determine dwelling coverage for a home in Palm Beach County, FL. What are the best resources for sq ft construction costs in my area?

Thanks in advance.
by mjb49
Thu Apr 04, 2019 4:30 pm
Forum: Personal Investments
Topic: Defined Benefit Plans after leaving job - how to decide whether to leave in or withdraw?
Replies: 11
Views: 703

Re: Defined Benefit Plans after leaving job - how to decide whether to leave in or withdraw?

Can the provider change the benefit after retirement? What happens in a bankruptcy? Will the PBGC be involved if funding is an issue?
by mjb49
Sat Mar 16, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc Flaw?
Replies: 2
Views: 671

Re: FIRECalc Flaw?

Apparently if you enter SS or pension that starts before the current year (why would you do that, anyway?) I agree, FIRECalc allows the user to save the inputs in a link. When I went back to change the amounts and not the date (I didn't think it was necessary) is when I discovered the issue. Anyway...
by mjb49
Sat Mar 16, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: FIRECalc Flaw?
Replies: 2
Views: 671

FIRECalc Flaw?

When I enter pension data into "Other Income / Spending" with a start date of 2018 FireCalc returns a success rate of 6.4%. If I change the pension start date to 2019 FireCalc returns a success rate of 100%. All other data inputs are exactly the same.
by mjb49
Mon Feb 18, 2019 1:22 pm
Forum: Personal Investments
Topic: Please Help - Gray Divorce No Investment Experience
Replies: 25
Views: 2346

Re: Please Help - Gray Divorce No Investment Experience

Watty wrote:
Mon Feb 18, 2019 9:20 am

Declining to say anything also give you some responsibility if she ends up getting taken by some high cost salesperson.
I agree. I will do my best to walk that fine line...
by mjb49
Mon Feb 18, 2019 9:15 am
Forum: Personal Investments
Topic: Please Help - Gray Divorce No Investment Experience
Replies: 25
Views: 2346

Re: Please Help - Gray Divorce No Investment Experience

Sandtrap wrote:
Mon Feb 18, 2019 9:03 am
This is a big one.
Even if you provide information and "nudge", you will be responsible to some degree.
(what is that old saying. . . "no good intention shall go. . . "?
Excellent point.
by mjb49
Mon Feb 18, 2019 9:13 am
Forum: Personal Investments
Topic: Please Help - Gray Divorce No Investment Experience
Replies: 25
Views: 2346

Re: Please Help - Gray Divorce No Investment Experience

Sandtrap wrote:
Mon Feb 18, 2019 9:03 am

What is a "Gray Divorce"??
A gray divorce is a divorce over 50.
by mjb49
Mon Feb 18, 2019 8:30 am
Forum: Personal Investments
Topic: Please Help - Gray Divorce No Investment Experience
Replies: 25
Views: 2346

Please Help - Gray Divorce No Investment Experience

A friend got the boot from a 28 year live in relationship. She is 58 has not worked in 8 years and plans to reenter the workforce. She has a nest egg in the mid six digits, some tax advantaged some taxable and no other source of income. She has no experience with investing. While in the relationship...
by mjb49
Mon Jan 21, 2019 4:57 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 416
Views: 99802

Re: South Florida Local Chapter

Please add me to the list.
by mjb49
Sat Aug 25, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1787

Re: Is forming a LLC necessary for an independent contractor

Thank you. We came to the same conclusion.
by mjb49
Sat Aug 25, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1787

Is forming a LLC necessary for an independent contractor

My daughter is a hairstylist and works as an independent contractor in Florida. I would appreciate recommendations on whether she should form an LLC. Her personal tax rate is lower than her corporate tax rate.

Thank you in advance.
by mjb49
Sat Jul 21, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Impact windows and doors
Replies: 3
Views: 463

Re: Impact windows and doors

Thank you.
by mjb49
Sat Jul 21, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: Impact windows and doors
Replies: 3
Views: 463

Impact windows and doors

I am looking for a reputable company to install impact windows and doors in the Jupiter/West Palm Beach area.
Thank you.
by mjb49
Sat Jul 21, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: IRA Distribution or HELOC for Home Improvement
Replies: 10
Views: 611

Re: IRA Distribution or HELOC for Home Improvement

One approach would be to start with the HELOC and use those funds to get the project started. I did this with a kitchen remodel and when I didn't have enough funds in my checking, I'd write checks from the HELOC as needed to pay my contractor. You shouldn't have to take out the loan in a lump sum. ...
by mjb49
Sat Jul 21, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: IRA Distribution or HELOC for Home Improvement
Replies: 10
Views: 611

Re: IRA Distribution or HELOC for Home Improvement

retiredjg wrote:
Sat Jul 21, 2018 10:06 am
If you reduce your IRA by the amount you need, will that reduce your RMDs enough to matter?
$3500 a year
by mjb49
Sat Jul 21, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: IRA Distribution or HELOC for Home Improvement
Replies: 10
Views: 611

Re: IRA Distribution or HELOC for Home Improvement

If I take half of the money from my IRA this year and half next year I will pay an additional $10K each year in taxes. Over 10 years the amount paid in taxes on the extra needed to make the loan payments would be about $20K, that looks to be a wash. There will be no impact on my SS when I start taki...
by mjb49
Sat Jul 21, 2018 6:18 am
Forum: Personal Finance (Not Investing)
Topic: IRA Distribution or HELOC for Home Improvement
Replies: 10
Views: 611

IRA Distribution or HELOC for Home Improvement

Hi, I will be doing some major home improvements. I am trying to decide between taking the money from my IRA or getting a HELOC. My home equity rate would be around 4.25%. If I withdrew the money from my IRA I would take ½ this year and ½ next to reduce the tax impact. I am retired 69 years old I ha...
by mjb49
Sat Jul 07, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Experience with Generac or Champion generators
Replies: 9
Views: 1045

Experience with Generac or Champion generators

I am looking for a generator to run a refrigerator, lights and a couple of fans during a power outage. I am considering an inverter generator in the 3000 watt range. Honda and Yamaha get great reviews but are twice the cost of Generac or Champion who also get respectable reviews. I would appreciate ...
by mjb49
Thu Jun 07, 2018 7:13 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 416
Views: 99802

Re: South Florida Local Chapter

I will attend. Mike B
by mjb49
Wed May 16, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc Questions
Replies: 3
Views: 765

Re: FIRECalc Questions

Regarding volatility I think 8% is too low. But I don't know how the models that ask the user to guess the risk and return of his investments make any sense. The virtue of FireCalc is the methodology of using actual historical investment performance and inflation. Otar argues strongly for that appr...
by mjb49
Wed May 16, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: FIRECalc Questions
Replies: 3
Views: 765

FIRECalc Questions

On the “Other Income / Spending” tab under “Pension Income” I entered inflation adjusted disability income that will stop in 32 years. I entered the disability amount in “off Chart Spending” to start in 32 years when the disability ends. Do I enter the “off Chart Spending” in today’s dollars and che...
by mjb49
Thu Mar 22, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Living in Jupiter FL?
Replies: 9
Views: 1872

Re: Living in Jupiter FL?

We moved to Jupiter from southern California in 1991. Our cost of living dropped mostly due to the lack of state income tax. If I were moving to the area and wanted to lower my cost of living I would consider moving north before moving too far west.
by mjb49
Fri Feb 23, 2018 7:43 am
Forum: Personal Investments
Topic: Rick Ferri Fixed Income Portfolio Funds
Replies: 48
Views: 12277

Re: Rick Ferri Fixed Income Portfolio Funds

Looks like those recommendations would have given you a little more return and a little more volatility vs. just using total bond. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2001&firstMonth=1&endYear=2018&lastMonth=12&endDate=02%2F22%2F2018&initialAmount=10000...
by mjb49
Mon Feb 12, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 11881

Re: How does one emotionally keep it together during market swings?

I took time to develop my investment policy statement. I know it is the best plan for me and I will stick with it through the ups and downs of the market. Sell high buy low...
by mjb49
Wed Feb 07, 2018 10:15 am
Forum: Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 5710

Re: Retired or close to it -- what do you hold in bond portion?

Retired age 68. Asset allocation 50/50. Bonds 50% Vanguard ITT (VSIGX), 50% Vanguard TIPS (VAIPX)
by mjb49
Fri Nov 24, 2017 4:37 pm
Forum: Personal Investments
Topic: Slice and Dice
Replies: 40
Views: 4476

Re: Slice and Dice

It is my understanding that slicing and dicing is to reduce risk as well as increase returns. When I compare my 10 fund portfolio 50/50 equity to fixed (Swedroe) to the Second Grader's Portfolio in the Backtest Portfolio Returns spreadsheet from this site 1985-2016, my returns trail by 45 BP. My SD ...
by mjb49
Sat Nov 18, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 47
Views: 10017

Re: Quicken 2018 for Mac [and PC Released]

I have been using Quicken since 1989. Over the years I've learned to wait to upgrade due to buggie initial releases of the upgrades. I got in the habit of buying the year prior to the latest release. I am using Quicken 2017 and will wait until it times out to update to the latest. Quicken will have ...
by mjb49
Sun Oct 29, 2017 7:07 am
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1147
Views: 691795

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

I enjoy using this spreadsheet. Thanks to all involved for their efforts. When using the spreadsheet to compare the Lazy Portfolios I change the equities to fixed ratios to match my portfolio. Is there an argument against doing this approach to compare portfolios?
by mjb49
Tue Mar 21, 2017 3:28 pm
Forum: Personal Investments
Topic: I would appreciate comments on my asset allocation.
Replies: 18
Views: 1946

Re: I would appreciate comments on my asset allocation.

Retirement Assets: His IRA - Value low seven-figures: 7.5% Vanguard 500 Index (VFIAX) 7.5% Vanguard Value Index (VVIAX) 7.5% Vanguard Small-Cap Index (VSMAX) 7.5% Vanguard Small-Cap Value Index (VSIAX) 5% Vanguard REIT Index Fund (VGSLX) 2.5% Vanguard Developed Markets Index (VTMGX) 5% iShares MSCI...
by mjb49
Tue Mar 21, 2017 12:00 pm
Forum: Personal Investments
Topic: I would appreciate comments on my asset allocation.
Replies: 18
Views: 1946

Re: I would appreciate comments on my asset allocation.

Hi, After researching asset allocations from Lazy Portfolios, Bogleheads contributors, Rick Ferri, Burton Malkiel, William Bernstein and Larry Swedroe I decided on the following portfolio. Understanding the limitations of back testing I used it as a major part of my decision making. Emergency funds...
by mjb49
Tue Mar 21, 2017 11:38 am
Forum: Personal Investments
Topic: I would appreciate comments on my asset allocation.
Replies: 18
Views: 1946

Re: I would appreciate comments on my asset allocation.

Do you want comments on your AA or the funds you hold? Your AA of 50/50 seems perfectly fine to me. Your portfolio holds too many funds and too many small pieces (2.5%'ers) for my liking. But, if it works for you, that's what matters. Congrats to you... sounds like you guys won the game! :sharebeer...
by mjb49
Mon Mar 20, 2017 11:10 am
Forum: Personal Investments
Topic: I would appreciate comments on my asset allocation.
Replies: 18
Views: 1946

I would appreciate comments on my asset allocation.

Hi, After researching asset allocations from Lazy Portfolios, Bogleheads contributors, Rick Ferri, Burton Malkiel, William Bernstein and Larry Swedroe I decided on the following portfolio. Understanding the limitations of back testing I used it as a major part of my decision making. Emergency funds:...
by mjb49
Thu Jan 26, 2017 11:03 am
Forum: Personal Investments
Topic: Retired - Continue to reinvest dividends and capital gains?
Replies: 5
Views: 1250

Retired - Continue to reinvest dividends and capital gains?

Hi,
I retired and started withdrawing from my IRA. To generate cash is it best to continue reinvesting my dividends and capital gains or get income when I rebalance. Either way I will need to get some cash during the rebalance.
Thank you!
by mjb49
Tue Jan 24, 2017 10:15 am
Forum: Personal Investments
Topic: Portfolio Question: Managing My Retirement Assets
Replies: 4
Views: 742

Re: Portfolio Question: Managing My Retirement Assets

You'd benefit by reading the Boglehead wiki on lazy portfolios, to give you ideas on how to simplify yoir portfolio and specific Vanguard funds to use. https://www.bogleheads.org/wiki/Lazy_portfolios You have a pretty typical portfolio set up by an advisor -- way more for funds than are needed. Van...
by mjb49
Tue Jan 24, 2017 9:50 am
Forum: Personal Investments
Topic: Portfolio Question: Managing My Retirement Assets
Replies: 4
Views: 742

Re: Portfolio Question: Managing My Retirement Assets

Do you have a taxable account ? You are in a zero cap gains tax bracket and those could be realized at zero tax. These are important funds IMO, VBTLX - Total Stock Market Index VTMGX - Developed Intl Stock ex-USA Index VEMAX - Emerging Markets Stock Index VFSUX - ST Investment Grade Bonds VFIDX - I...
by mjb49
Mon Jan 23, 2017 3:37 pm
Forum: Personal Investments
Topic: Portfolio Question: Managing My Retirement Assets
Replies: 4
Views: 742

Portfolio Question: Managing My Retirement Assets

Hi, We are with a fee based money manager and I am considering managing our IRAs myself. My wife will not want to manage it so I will have a plan B for her if necessary. I appreciate your help. Thank you in advance. Emergency funds: 10 months living expenses in IRA money market Debt: 30-year Mortgag...