Search found 3836 matches

by JBTX
Thu Sep 20, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 estimated taxes
Replies: 4
Views: 233

Re: 1099 estimated taxes

I'd appreciate some advice on estimated tax filing. I've always worked for W-2 money. I'm going to be getting paid 1099 for some work on a 6 month contract. I start next week (1 work week in September). They're paying me monthly on the last business day of the month so I'll have trace income in Q3 ...
by JBTX
Thu Sep 20, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 10
Views: 869

Re: Universal Life article in WSJ 9/20/18

The article clarifies the mechanics of the life insurance component of typical universal life policies. Tpically the universal life policy holder ends up with 1 year term insurance which renews annually. The cost of the term insurance is low in the initial years of the policy but increases througho...
by JBTX
Thu Sep 20, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Corporate debt bubble?
Replies: 7
Views: 1043

Re: Corporate debt bubble?

Corporate debt bubble? Maybe, but some context: https://goldsilver.com/blog/corporate-debt-to-gdp-higher-than-before-2008-debt-crisis/ Yes corporate debt % to GDP is at a high. At 45%, it is only 5% higher than the 40% floor that has existed since the early 90's. In contrast, household debt to GDP w...
by JBTX
Thu Sep 20, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 13
Views: 1054

Re: Paying off mortgage vs investing?

Thoughts/Factors: - If interest is 4.75%, and inflation is 3.0%, you are only paying 1.75% in "real" interest. - whether 4.75% is good or bad depends on what you do with that money if you don't pay it off - Long term stocks and bonds will likely exceed that, but there will be a lot of volatility alo...
by JBTX
Thu Sep 20, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Saving for house down payment with Vanguard VWINX or VSCGX?
Replies: 6
Views: 768

Re: Saving for house down payment with Vanguard VWINX or VSCGX?

The questions are: 1. How much flexibility do you have in the end date/purchase date? If the portfolio loses value, and you have to wait another year, is that a big deal? 2. How much risk are you willing to take? 3. What is your marginal tax rate? The higher the rate, the more tax inefficient conve...
by JBTX
Thu Sep 20, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio review
Replies: 12
Views: 957

Re: Requesting portfolio review

I would eliminate the international equity portfolio as unnecessary and transfer most of it into bonds, leaving close to a 50-50 AA. With assets between $5-$15M I think risk avoidance. If for some reason you feel the need for international exposure in your portfolio keep it to a max of 20% of your ...
by JBTX
Wed Sep 19, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 10
Views: 791

Re: Home away from home

My husband recently took a job requiring one week per month in another city, requiring a fairly long flight. His company will put him up in an extended stay hotel during those weeks but I would like to make this as comfortable and convenient as possible. People who regularly travel to a second loca...
by JBTX
Wed Sep 19, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 38
Views: 1683

Re: Moving to Dallas, how to establish residency

Thanks JBTX, that is what I had found as well. I think I am on the right track. I use USAA which is in TX, so that helps. I think I will do a complete address change to my executive apartment (we rarely get useful mail anyway). https://www.dps.texas.gov/DriverLicense/ApplyforLicense.htm How to appl...
by JBTX
Wed Sep 19, 2018 9:53 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller interview: "Market could get a lot higher"
Replies: 28
Views: 4210

Re: Robert Shiller interview: "Market could get a lot higher"

I actually view this as a negative. The biggest danger is when EVERYBODY thinks it will go up. This is the first person I've heard in a long time predicting the market will go up, most prediction threads discuss "lower expected returns over the next decade". Where is this EVERYBODY you are referrin...
by JBTX
Wed Sep 19, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 38
Views: 1683

Re: Moving to Dallas, how to establish residency

https://www.dps.texas.gov/DriverLicense/ApplyforLicense.htm How to apply for a Texas Driver License The Department issues driver licenses valid for up to six years to Texas residents. The Texas Driver’s Handbook is available online to help you qualify for a Texas driver license. You will need to pro...
by JBTX
Wed Sep 19, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA
Replies: 8
Views: 340

Re: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA

There's a gazillion threads in here about people needing 8606 help. I guess it isn't as easy as OP thinks

https://www.google.com/search?sitesearc ... +questions
by JBTX
Wed Sep 19, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA
Replies: 8
Views: 340

Re: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA

I know how to do a Backdoor Roth - please do not share those links - I am asking for help with the tax portion and why are CPAs so clueless and cannot help do my taxes???? WHy do they tell me there are fees but still wont do it - take the damn fee since you are already charging me!! It doesn't seem...
by JBTX
Wed Sep 19, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for house down payment with Vanguard VWINX or VSCGX?
Replies: 6
Views: 768

Re: Saving for house down payment with Vanguard VWINX or VSCGX?

Wellesley income is roughly 33% stocks. It will be a little less tax efficient than a comparable index fund. Plus bonds will generate taxable income. Life strategy conservative growth is about 40% stock, and includes some international stock. The rest bonds, including some international bonds. Life ...
by JBTX
Wed Sep 19, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX/VTIAX vs FSTVX/FTIPX in Roth IRA
Replies: 2
Views: 306

Re: VTSAX/VTIAX vs FSTVX/FTIPX in Roth IRA

I wouldn't move accounts for that small of a difference in expense ratios - for that level of balance...but I might move due to the difference in minimums, and the additional flexibility it brings you. If you want to put 20% in international, you can do that at $2000 or $10,000 and it doesn't matter.
by JBTX
Wed Sep 19, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 44
Views: 2790

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

We have a $397k mortgage (4.75% interest, 30 year fixed) that we just opened in June 2018. Our thought is this: If we reduced our contributions to our 401ks down to 5% to get the employer match, we could get about $1600 extra per month (after taxes) in our takehome pay to throw at the mortgage. Tha...
by JBTX
Wed Sep 19, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 44
Views: 2790

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

OP, You would have to be crazy to believe that paying 20% to 30% tax in order to save 4.75% interest is a good idea. It is a very simple math. 20% to 30% is bigger than 4.75%. KlangFool Not that simple. The 20% to 30% is not tax savings. You're just deferring it until later when you're forced to wi...
by JBTX
Wed Sep 19, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 41
Views: 1201

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

The price of real estate probably exceeds inflation slightly. The price of the land will likely exceed inflation, but the actual structure won't likely exceed inflation. Real estate as an investment, including rents, such as REITs probably has comparable return to stocks.
by JBTX
Wed Sep 19, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Convince a friend to go Boglehead
Replies: 17
Views: 943

Re: Convince a friend to go Boglehead

I learned my lesson in 2000. I convinced someone to put her 401k contributions into low-cost Vanguard index funds and get away from the funds that were charging 1.5%+. Of course, the market tanked and I was blamed for her losses. Either someone is receptive or not. If you like, you can provide one ...
by JBTX
Wed Sep 19, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns over funding priority when investing with debt
Replies: 38
Views: 1713

Re: Concerns over funding priority when investing with debt

I've been following the below bogleheads wiki guidance to prioritize investments for several years now. However, recently several factors including the ratio of my current debt to investment portfolio, the stock market condition and the tax reform motivate me to reconsider whether I should prioriti...
by JBTX
Wed Sep 19, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 34
Views: 2850

Re: Anyone hire an interior designer?

We did a remodel and had a Designer who also acted as a GC - she primarily did office spaces but did some home stuff too, and she had contractors for floors, kitchen, cabinets, paint, etc, etc. Overall it worked out well for us, because we really didn't know how to go about it. There was one piece o...
by JBTX
Wed Sep 19, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Helping invest for my mother's retirement
Replies: 2
Views: 201

Re: Helping invest for my mother's retirement

Hello all, I'm looking for advice/feedback given the following facts: -Retiree 72 yo -Fully paid condominium worth ~$205K but the development is not currently registered with HUD for reverse mortgage eligibility -Avg. monthly budget is ~$3k -Current retirement income comprised of SS, annuities, sma...
by JBTX
Wed Sep 19, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: need advice about my 401(k) from previous employer
Replies: 3
Views: 188

Re: need advice about my 401(k) from previous employer

I took a new job and am trying to figure out how best to deal with my 401(k) from my previous employer. All of it is currently in the Vanguard Target Retirement 2040 Fund which I am sure I can better optimize. My new 401(k) is setup with Fidelity but I also have a retirement account with Vanguard. ...
by JBTX
Wed Sep 19, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio review
Replies: 12
Views: 957

Re: Requesting portfolio review

I would not use the higher cost funds. I would not hold a total stock fund in the Roth IRA because it could cause an unintended wash sale. You could exchange it to 500 Index/Extended Market Index 80/20 and have essentially the same thing. Or put the tiny Roth IRA into a REIT fund. I am leaning away...
by JBTX
Wed Sep 19, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 3850

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I agree 70/30 is too aggressive for a future estate portfolio with beneficiaries that average around 60. Their perception of risk is not as educated as yours given your background, age, etc. If it goes down a lot they will be unhappy. If it goes up, we'll it goes up. I would be at 60% stocks, max. I...
by JBTX
Wed Sep 19, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio review
Replies: 12
Views: 957

Re: Requesting portfolio review

Hello esteemed Boglehead members, I discovered this fantastic forum about 2 years ago. It has helped me tremendously in simplifying my portfolio and rethinking my asset allocation. This is my first post. Without further ado, and following the recommended format: Debt: None Tax Filing Status MFJ Tax...
by JBTX
Wed Sep 19, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: any opinions of this fund? Vanguard Dividend Growth (VDIGX)
Replies: 15
Views: 1109

Re: any opinions of this fund? Vanguard Dividend Growth (VDIGX)

...It's important to note that the Dividend Growth strategy didn't begin until some time in the early 2000's. This was the Vanguard Utilities Fund before that... :oops: Oops. Effective December 6, 2002, the fund changed its investment objective and concentration policy. Prior to making these modifi...
by JBTX
Tue Sep 18, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller interview: "Market could get a lot higher"
Replies: 28
Views: 4210

Re: Robert Shiller interview: "Market could get a lot higher"

I actually view this as a negative. The biggest danger is when EVERYBODY thinks it will go up. Now you have people like Shiller say it could go higher, and for a while Jeremy Grantham has said he expects a "meltup" before in goes down. So even the people who think it is overvalued think it is going ...
by JBTX
Tue Sep 18, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.
Replies: 23
Views: 3537

Re: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.

How easy is it to unfreeze it? I like to play the new credit card game to get bonus miles Unfreezing is simple. Probably too simple as GCD alluded to. When you freeze (which can often be done online, but not always) you receive a PIN for unfreezing. Obviously keep the PIN safe. When you need to unf...
by JBTX
Tue Sep 18, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5542

Re: Chase Bank is the Devil

We own a small business and have the Chase Ink Business Preferred Visa card. We import our CC transactions into QuickBooks twice a week with the QB Direct Connect feature. Early last week, the import transactions feature stopped working. We called Chase today (a week later) and expressed our concer...
by JBTX
Tue Sep 18, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5542

Re: Chase Bank is the Devil

We own a small business and have the Chase Ink Business Preferred Visa card. We import our CC transactions into QuickBooks twice a week with the QB Direct Connect feature. Early last week, the import transactions feature stopped working. We called Chase today (a week later) and expressed our concer...
by JBTX
Tue Sep 18, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Nytimes.com subscription price testing?
Replies: 9
Views: 756

Re: Nytimes.com subscription price testing?

You can gain access to nytimes articles simply by clearing your browsing history after about 5 articles, or using a privacy mode on browser. It is a bit of a pain.
by JBTX
Tue Sep 18, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6928

Re: How real is cyber risk?

One of those conveniences being banking by phone. It's really quick and easy to do many things this way but the biggest for me is depositing checks. Check depositing via mobile is not necessarily a bad thing however. I would just ensure if using your mobile fancy thinking device for banking, you en...
by JBTX
Tue Sep 18, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6928

Re: How real is cyber risk?

I have read only about half of this thread, so I apologize if someone has already mentioned this. With regard to Vanguard's implementation of Yubikey as a second factor, I agree that the use of an SMS text message as a backup is a poor decision on their part. The National Institute of Standards and...
by JBTX
Tue Sep 18, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: small group health insurance?
Replies: 2
Views: 211

Re: small group health insurance?

Has anyone had experience choosing and setting up a small group health insurance policy? I am looking into doing that for my 5-employee business and would appreciate any insight. You typically would go through a broker who specializes in such things. http://guides.wsj.com/small-business/hiring-and-...
by JBTX
Tue Sep 18, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6928

Re: How real is cyber risk?

The other day I received an email with a Bank of America logo, saying account will be locked because of missing or incorrect information, and I should contact customer service, or click onto a link in the email and sign in. It was really well designed, and I am sure others will probably fall for it.
by JBTX
Tue Sep 18, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA Asset Allocation
Replies: 4
Views: 288

Re: Coverdell ESA Asset Allocation

What choices are available? Are there any "target date" glide path style funds?
by JBTX
Mon Sep 17, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life vs Universal Life Insurance
Replies: 24
Views: 948

Re: Whole Life vs Universal Life Insurance

Kudos for deciding not too. I recently looked at some whole and universal life products quoted to a friend and the real returns were awful. Something like 2.5-3.5%. And your cash value takes years before it starts to accumulate - primary because that accumulation is going towards payment of sales co...
by JBTX
Sun Sep 16, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5584

Re: Thinking of Retiring at 52, Please Critique Plan

Overall mathematically early retirement is very achievable for you. But I'm kind of conservative about throwing the towel in too early because the future is very uncertain. If the market dropped 50% would you still be comfortable with your situation? If he really hates his job you have the flexibili...
by JBTX
Sun Sep 16, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5325

Re: Employer won't Match 401k. Why?

I am responsible for the 401K plan at a 50ish employee company. When I came onboard, we had a 401K with high fees but "no cost" to the employer. A few years ago, we switched to a 401K plan using Vanguard (actually Ascensus, which is also a hassle. Employers with less than $20M in assets can't work ...
by JBTX
Sun Sep 16, 2018 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5325

Re: Employer won't Match 401k. Why?

As to post tax, it is an additional administrative burden, requires additional testing and may throw your plan out of balance if only highly compensated employees participate. Can you tell me more about what you mean here? What additional testing? What do you mean "out of balance?" And why does it ...
by JBTX
Sat Sep 15, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough in kids 529 plan?
Replies: 10
Views: 1245

Re: Am I saving enough in kids 529 plan?

I'd make sure all retirement opportunities are fully funded first, plus enough assets in taxable accounts to cover an emergency fund and a reasonable amount of liquidity. Only after that would I aggressively fund a 529. I shot for funding about 50% of my kids college educational in 529s and ESAs. It...
by JBTX
Sat Sep 15, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 126
Views: 8154

Re: Considering Quitting Job - Seeking Advice. Would you do it?

When I started reading your post, my thought was walking away from those benefits with 2 kids with various issues is a heavy price to pay for a hankering to work for a small company, which you ultimately may not like. However when I read you are basically working all waking hours, that is something ...
by JBTX
Sat Sep 15, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3840

Re: The Boglehead is anti-entrepreneur?

I would say it is more likely the opposite is true - an entrepreneur has no patience of piddling and plodding for 30+ years and then living a frugal lifestyle by spending 3-4% of your savings and then you die. That seems utterly ridiculous to some of them. Very few entrepreneurs are looking to get ...
by JBTX
Sat Sep 15, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5325

Re: Employer won't Match 401k. Why?

A 401K can legally have up to $55.5K put into it per year. That's $18.5K pretax from the employee, up to 100% pretax match from employer, and additional 18.5K post tax from employee "if your plan allows." First, please correct me if I got any part of that wrong. Second, who decides and how is it de...
by JBTX
Sat Sep 15, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3840

Re: The Boglehead is anti-entrepreneur?

I would say it is more likely the opposite is true - an entrepreneur has no patience of piddling and plodding for 30+ years and then living a frugal lifestyle by spending 3-4% of your savings and then you die. That seems utterly ridiculous to some of them.
by JBTX
Sat Sep 15, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on American Funds
Replies: 28
Views: 1833

Re: Opinions on American Funds

American funds have very good very long term track records and tended to outperform their competitors. However if you look at the last 10 years and 15 years they have tracked very close to index funds and have lagged comparable index funds slightly. They have generally beat most comparable active fu...
by JBTX
Sat Sep 15, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5257

Re: 401k money missing

Any updates on this? I got the reports of my 401k for all my years with the company. Over $10,000 is missing. About $1,500 from previous years and $8,500 from 2018. I’ve changed my contributions to $0 and will forgoe the employer match that I’m not getting in the first place. I have a Solo 401k in ...
by JBTX
Fri Sep 14, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Take your canes out in Emerging Markets
Replies: 33
Views: 5504

Re: Take your canes out in Emerging Markets

The valuations are reaching stupidly low levels again for EM value, but 1, I have large capital gains in them so I’m not going to sell and 2, I’m not going to catch a falling knife needlessly to buy more beyond the current auto 401k purchases The Economist "The contrarian case for emerging markets"...
by JBTX
Fri Sep 14, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3720

Re: Is home alarm monitoring worth it?

There is some potential value there but not enough to stop me from canceling the service decades ago. You may get a small homeowner insurance break.

Something like 95% are false alarms.

I do think a monitored fire alarm may be worthwhile.