Search found 6721 matches

by JBTX
Wed Sep 23, 2020 8:47 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2122
Views: 225811

Re: [What TV Show Have You Recently Watched?]

Finished British version of Wallendar. Swedish detective. Long episodes and short seasons. Beautiful scenery and deliberately mostlh dreary mood setting. You have episode based themes, and season long themes. Addresses his personal life as well as his professional. Series ends on a bit of a somber n...
by JBTX
Wed Sep 23, 2020 8:07 pm
Forum: Investing - Theory, News & General
Topic: How I became a 28-year-old millionaire, featuring Taylor Larimore
Replies: 79
Views: 8280

Re: How I became a 28-year-old millionaire, featuring Taylor Larimore

TLDR: Have a $250,000 salary Well, crap, why didn't I think about that?! It seems that people are quick to write off financial success that involves a high salary, and increasing salary is rarely discussed in personal finance books. I'm not sure exactly why that is, but part of it is likely due to ...
by JBTX
Wed Sep 23, 2020 7:56 pm
Forum: Personal Consumer Issues
Topic: Capital One Venture credit card: Is this a good deal?
Replies: 11
Views: 721

Re: Capital One Venture credit card: Is this a good deal?

That is worth $2,000 in travel expenses, so I would gladly do this. People don't know about Capitalone but if you spend $5 on Uber and as soon as the expense posts (1-2 days later), you can redeem it right then. Also, you can use the same $5 expense as many times as you want (400 times in this case...
by JBTX
Wed Sep 23, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: Capital One Venture credit card: Is this a good deal?
Replies: 11
Views: 721

Re: Capital One Venture credit card: Is this a good deal?

$500 for the first $3000 is a good deal. Using the points on travel is pretty easy to do. Just put the travel on the card and apply the bonus against it. When I did it years ago it was an easy offset on a hotel bill. An additional $500 for $17000 additional spend, not so much. That is about 3%, plus...
by JBTX
Wed Sep 23, 2020 11:39 am
Forum: Personal Consumer Issues
Topic: Anyone REGRET retiring too soon?
Replies: 55
Views: 10285

Re: Anyone REGRET retiring too soon?

Kinda assumed those that regretted it enough would just go back to work again. Or at least start their own business. I’m about to retire early from a business I started 16 years ago. Covid has a lot to do with it, but I was still planning on working no more than two more years. We can all agree tha...
by JBTX
Wed Sep 23, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Email Management Tips
Replies: 27
Views: 1733

Re: Email Management Tips

I did a search and couldn’t find anything posted on the topic of approaches to manage email at work. Unfortunately, I’m a bit neurotic about my email inbox and it drives me crazy from time to time. I don’t like leaving a bunch of messages in my inbox, so each message requires an action - leave it i...
by JBTX
Wed Sep 23, 2020 10:47 am
Forum: Personal Consumer Issues
Topic: Smoker next door
Replies: 79
Views: 4074

Re: Smoker next door

A few years ago, a couple successfully sued the owners of the house next door (and I am talking about detached) because of their smoking. The judge ruled the smokers must make accommodations to avoid bothering the neighbors. I believe this was in California. I have no idea what the end result of th...
by JBTX
Wed Sep 23, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k for second business
Replies: 8
Views: 344

Re: Solo 401k for second business

https://www.whitecoatinvestor.com/multiple-401k-rules/

The WCI article above was very helpful, and consistent with what both of you are saying.
by JBTX
Tue Sep 22, 2020 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k for second business
Replies: 8
Views: 344

Re: Solo 401k for second business

One clarification, the other entity, as far as I know, does not have any employees. I don't know if that makes a difference in the controlled group status. https://www.employeefiduciary.com/401k-resource-center/employer-resources/controlled-groups/ Under the IRS’ controlled group rules, two or more ...
by JBTX
Tue Sep 22, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k for second business
Replies: 8
Views: 344

Re: Solo 401k for second business

It sounds like the businesses are what's considered a "controlled group", meaning they are treated as one entity wrt 401k contributions because they have common ownership. I'm not sure how that would apply considering the safe harbor 401k in business #1 though, it's definitely a fine point. Thanks....
by JBTX
Tue Sep 22, 2020 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k for second business
Replies: 8
Views: 344

Re: Solo 401k for second business

Thanks We looked at the new comp method when we set up the 401k a couple of years ago (with help from some here) but for various reasons opted for a straight company match plan. The existing business structure already exists. I think the tax advisors/attorneys did it for liability avoidance although...
by JBTX
Tue Sep 22, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay our 2.75% interest mortgage sooner?
Replies: 21
Views: 2648

Re: Should we pay our 2.75% interest mortgage sooner?

Agree paying off mortgage is last priority. I wouldn't be rushing to pay 2.75% off, but it really depends on your overall situation. If you have plenty of savings and substantial amounts already in stocks, between 401ks,IRAS and taxable accounts, and will be able to max those out in the future, payi...
by JBTX
Tue Sep 22, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k for second business
Replies: 8
Views: 344

Solo 401k for second business

Suppose business owner has main business, with employees, and business has safe harbor 401k plan. Individual contributions max at $19500(assume less than 50 hrs old). Assume his match is $10k. Total for owner $29.5k. Now, the business is set up such that the facility and other equipment is set up in...
by JBTX
Tue Sep 22, 2020 6:26 pm
Forum: Investing - Theory, News & General
Topic: What bonds should I look at for the next 15 year period?
Replies: 21
Views: 2150

Re: What bonds should I look at for the next 15 year period?

In our case, we have a mix of -total bond market, including in target date funds,(in retirement account) ---TIPS (in retirement account) - ibonds (in taxable account) You can only put so much into ibonds but if you keep doing it it adds up. Also, if are 20 years or less to retirement, and willing to...
by JBTX
Tue Sep 22, 2020 4:49 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 108
Views: 5892

Re: Why buy medical insurance ?

I'm currently paying $1100 a month for COBRA for me and kids. Not being insured is just not a consideration. Eventually may jump on spouses plan but family add ons are paid near 100% by employees so it wouldn't be much cheaper.
by JBTX
Tue Sep 22, 2020 8:20 am
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

From various threads I have read, I've seen no concensus that any of these are better. If I were to do something different I'd probably just use excel in combination with the new 365 account download capability, but at this point I see no point in reinventing the wheel. My guess is sooner or later ...
by JBTX
Tue Sep 22, 2020 12:34 am
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

is this quicken still popular? why? Because, warts and all, it is the only thing that I have seen or read about that does what it does. What do you suggest as an alternative? Open Source! https://opensource.com/life/17/10/personal-finance-tools-linux From various threads I have read, I've seen no c...
by JBTX
Mon Sep 21, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: Doesn't it still make sense to hold bonds in tax advantaged?
Replies: 37
Views: 2566

Re: Doesn't it still make sense to hold bonds in tax advantaged?

I have seen some comments on the forum that this perhaps is no longer the case due to extremely low interest rates and yields on stocks being more than bonds. Does this consider TLH? Do the TLH opportunities of keeping stocks in taxable accounts and bonds in tax advantaged outweigh the tax advantag...
by JBTX
Mon Sep 21, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

is this quicken still popular? why? Because some people want to be on top of their money/finances and it is pretty comprehensive for that. I know people think that Mint tells them all kinds of stuff, but it is really just an aggregator if you don't put in extra effort. Knowing you spent xxx dollars...
by JBTX
Mon Sep 21, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

sambb wrote: Mon Sep 21, 2020 8:58 pm is this quicken still popular? why?
Because, warts and all, it is the only thing that I have seen or read about that does what it does.

What do you suggest as an alternative?
by JBTX
Sun Sep 20, 2020 9:01 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

https://community.quicken.com/discussion/7857954/how-i-can-export-all-activity-and-accounts-to-excel Those instructions don't seem to match what I see when I try to follow them. The very first step is: Click on Banking in the left sidebar. This THEN create a register of all your banking (cash, chec...
by JBTX
Sun Sep 20, 2020 8:14 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 121
Views: 10617

Re: Is anyone waiting until after the election?

I have never understood why the Boglehead Mods will lock "political" and "medical" posts, because they are outside of the scope of Jack Bogle finance topics, but will allow "timing" posts which are also well outside of the scope of Jack Bogle finance topics. Politics is very contentious. It overwhe...
by JBTX
Sun Sep 20, 2020 7:51 pm
Forum: Personal Investments
Topic: Any (legal) “loophole” for unused 529 funds?
Replies: 14
Views: 1434

Re: Any (legal) “loophole” for unused 529 funds?

If you or kids have special needs child you can move it to 529 ABLE ($15K per year max I think) I think there is an exception if child goes to military. If nothing can immediately be worked out, I would probably use it for my fixed income allocation, to limit growth (and tax/penalty). You could use ...
by JBTX
Sun Sep 20, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 121
Views: 10617

Re: Is anyone waiting until after the election?

I know, I know: Time in the market, not timing the market. BUT: I have some new cash (about 6% of total portfolio) and I'm curious whether anyone else is waiting until after the US election in 45 days? So what is the premise - That you will wait and decide whether to invest, depending on who wins? ...
by JBTX
Sun Sep 20, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: IBond maximizing for a married couple
Replies: 14
Views: 1437

Re: Ibond maximizing for a married couple

My husband and I have decided to start transferring our $100k emergency funds from no penalty CDs with Ally Bank to I Bonds at the US Treasury Dept. We are both trustees of a revocable living trust (RLT) that does not have a tax ID# and benefits our children. After reading multiple postings on this...
by JBTX
Sun Sep 20, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: IBond maximizing for a married couple
Replies: 14
Views: 1437

Re: IBond maximizing for a married couple

Hello, My wife and I keep our rainy day funds in I Bonds too, but I made a happy accident a few years ago. After a pretty hectic week, I accedentaly purchased $50K in I Bonds in one night under both of our SSNs. When I came to my senses the next day, I realized that I purchased $30K too much for ou...
by JBTX
Sun Sep 20, 2020 3:52 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 15913

Re: Coping with Megacorp rat race

In my experience most managers do the best they can with the resources they have and the goals that are given to them. People who hate their MegaCorp bosses: please describe a concrete example or two of their shortcomings, and how you would have handled it differently if you were in their shoes. Ge...
by JBTX
Sun Sep 20, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: Best shoes for running?
Replies: 65
Views: 3128

Re: Best shoes for running?

I've heard some good things about "Foot Solutions". I haven't tried it yet, sooner or later I will.

I'd like to know what are the shoes with the most room for inserts and best up front cushion. I just cannot get enough padding in the front, perhaps due to metatarsalgia. Even for walking.
by JBTX
Sat Sep 19, 2020 10:34 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 236
Views: 14155

Re: Is Costco worth the $120 membership?

Had the basic membership. Really only used it for glasses (frames) and a couple of select online purchases. It is 15 miles away and a madhouse and I don't know where everything is inside and the one time I grocery shopped there I couldn't find everything I usually buy. I'll probably wait to renew un...
by JBTX
Sat Sep 19, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

If you aren't going to use your backups when you need them, might as well just delete them and stop backing up entirely. I have tons of backups. I tried several of them over a wide variety of dates. All fail the same way. Have you tried on another computer, or tried with a prior version of quicken?...
by JBTX
Sat Sep 19, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house before a potential corporate restructure - good or bad?
Replies: 23
Views: 1480

Re: Buying a house before a potential corporate restructure - good or bad?

I would not be buying a house or making any major financial commitment with so little liquidity left over, looming restructuring or not. What would you consider sufficient liquidity? $15-20k is 6 months of living expenses for me. During normal times I should be able to find a job in that period of ...
by JBTX
Sat Sep 19, 2020 1:42 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

I'm confused. Seems like if it worked before, you just go to a windows restore point, use a backup file then problem solved.

If the restore doesn't exist, find a prior version of the software.

If that doesn't work, try another computer.
by JBTX
Sat Sep 19, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house before a potential corporate restructure - good or bad?
Replies: 23
Views: 1480

Re: Buying a house before a potential corporate restructure - good or bad?

I would not be buying a house or making any major financial commitment with so little liquidity left over, looming restructuring or not. What would you consider sufficient liquidity? $15-20k is 6 months of living expenses for me. During normal times I should be able to find a job in that period of ...
by JBTX
Sat Sep 19, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house before a potential corporate restructure - good or bad?
Replies: 23
Views: 1480

Re: Buying a house before a potential corporate restructure - good or bad?

I would not be buying a house or making any major financial commitment with so little liquidity left over, looming restructuring or not.
by JBTX
Sat Sep 19, 2020 11:58 am
Forum: Investing - Theory, News & General
Topic: I was wrong! Recession in 10 years 8 Months
Replies: 25
Views: 5580

Re: I was wrong! Recession in 10 years 8 Months

The difference seems to be that between 10+ years the recessions were 2 of the worst in history. We seem to be able to engineer our way out of normal recessions with fed policy/ financial engineering. But eventually something comes along that is overwhelming and you have a dramatic reversal.
by JBTX
Fri Sep 18, 2020 5:10 pm
Forum: Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 112
Views: 16414

Re: Can I afford a $1,400,000 house

4.1%, an awful interest rate, on a $1.4 million loan on top of already existing negative equity.

Hard Pass.
by JBTX
Fri Sep 18, 2020 4:58 pm
Forum: Personal Investments
Topic: Is retirement in 2 years possible?
Replies: 43
Views: 5551

Re: Is retirement in 2 years possible?

Your social security seems low for that income.
by JBTX
Fri Sep 18, 2020 10:17 am
Forum: Personal Consumer Issues
Topic: Vastly different quotes for wallpaper removal and painting job
Replies: 31
Views: 1473

Re: Vastly different quotes for wallpaper removal and painting job

My thinking is that interior painting is a job that I do myself. So if you are willing to pay someone a bunch of money to do the job you must be well off enough not to care too much what it costs. The cost of painting is mostly in the preparation. So if I WERE willing to pay for painting, I would w...
by JBTX
Thu Sep 17, 2020 11:50 pm
Forum: Personal Consumer Issues
Topic: Teen Driver Addition to Insurance
Replies: 27
Views: 1930

Re: Teen Driver Addition to Insurance

I'm in Texas. It is expensive. I have a 17.5 yo daughter and our insurance about trippled to over $800/month. Granted we have 4 cars, and my 2 are a Porsche GT3 and Challenger. You cannot restrict them to a single vehicle unfortunately, thanks Fresh Prince... I was given the option of having a waiv...
by JBTX
Thu Sep 17, 2020 8:59 pm
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 14265

Re: Anybody else enjoy sitting around and doing little in retirement?

I'd consider myself in semi retirement. DW works full time. Found myself out of a job suddenly recently. Although working at home it became more of a time sink as time progressed. Liked the work content but other aspects became overly stressful. With a kid in high school and one college age there's ...
by JBTX
Thu Sep 17, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2025

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

You could leave the IRAs to each other, with a disclaimer trust as backup. That will let the surviving spouse decide after the first spouse dies. A disclaimer trust is essentially a credit shelter (bypass) trust, except the spouse can't have a power of appointment. When the children reach age 27, y...
by JBTX
Thu Sep 17, 2020 12:20 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds and Sequence of Returns Risk
Replies: 56
Views: 3957

Re: EE Bonds and Sequence of Returns Risk

EE bonds are interesting. Hold 20 years and dramatically exceed current treasury bond rates. While there is inflation risk, for every year you hold it, the YTM goes up. So if inflation pops up 5 years, at that point the YTM is higher, maybe around 5%. If there is deflation or negative interest rates...
by JBTX
Thu Sep 17, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6889
Views: 457331

Re: Refinance Mega Thread

Locked and proceeding on two proposals Provident funding. $140k straight refi. 2.375% 15 year $3000 total fees- no points Loan Depot - $230k cash out refi. 2.25% 15 year $5500 fees. Provident so far has been pretty easy. Everything email or online. They review process is a bit ridiculous. They asked...
by JBTX
Wed Sep 16, 2020 6:09 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9530

Re: Quicken Disaster!

I've repeatedly said/worried about all these releases. There has been like 20 this year. That doesn't bode well for a mature product IMO. I keep finding bugs even after a gazillion updates. The current mindset in software development is to update all the time. Conceptually, if you have bugs fixed a...
by JBTX
Wed Sep 16, 2020 4:39 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 2866

Re: "Refinance" mortgage for a family member @ 2%?

Of course the income is taxable to the OP. But if it were secured by the condo as a mortgage, would it not be deductible for her? No because it’s not acquisition indebtedness. Gill Isn't a refinanced mortgage deductible still, as long as the loan is secured by the property? People refinance all the...
by JBTX
Wed Sep 16, 2020 1:34 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 2866

Re: "Refinance" mortgage for a family member @ 2%?

I suspect the 2% is taxable interest income to you. She won't get a deduction but you will pay taxes. I'd probably talk to a lawyer or attorney to see if there is a better way to structure it.
by JBTX
Wed Sep 16, 2020 12:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 79
Views: 6850

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

Fidelity too Unfortunately, for Fidelity, if you enable app TOTP 2FA, you have to use it on each login. If you simply use SMS-based 2FA, you can choose to enter it only when logging in from new devices. While I strongly prefer TOTP 2FA, I don't want to have to enter it all the time. Poor (lack of) ...
by JBTX
Wed Sep 16, 2020 12:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 79
Views: 6850

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

At the risk of being a luddite, how would I use an authenticator like Authy? For what? I don't think they can be used at financial sites. Where could they be used where it actually matters?
by JBTX
Wed Sep 16, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1714

Re: Why are Call Options a bad idea?

While it depends on the strike price, and how much in or out of the money you are, but buying call options is like starting with $1.00, flipping coins 10 times, each flip you either lose the dollar or double your money. In that case there is a much bigger than 50% chance that you will lose your $1.0...