Search found 4033 matches

by JBTX
Wed Nov 14, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3008

Re: Direct Primary Care-Anyone use it?

I guess this could be good for people with chronic but easily treatable illnesses, but otherwise I can't see the value, unless you just want the luxury to be able see a doctor whenever you want at a relaxed pace. Our two kids have some medical issues but they aren't things typically treated by prima...
by JBTX
Tue Nov 13, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 23
Views: 2700

Re: Enjoying Your Work

I was in the same boat. Sales job making over 100k in my mid twenties. I received a commission check for 15k one day and stared at it my whole commute home (LIRR). Spoke with my wife and told her how the money did nothing for me. I could save it, buy something, whatever, I had no joy in my work lif...
by JBTX
Tue Nov 13, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 23
Views: 2700

Re: Enjoying Your Work

Don’t work in something you hate, but also don’t get caught in the trap of seeking “fulfillment” at work. It’s a suckers game, and in the end work will always be work and it isn’t what will make you happy. Find external hobbies to achieve “fulfillment”. Work is what ensures you can afford them. Lar...
by JBTX
Tue Nov 13, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Savings Account
Replies: 28
Views: 1373

Re: Bonds vs. Savings Account

Newbie question here - can a high interest savings account i.e. say 1.9% take the place of Bonds in a portfolio? Why or why not? In terms of giving yourself a buffer or peace of mind in a downturn let's say you have "X" amount of dollars in a high interest earning savings account by which this allo...
by JBTX
Mon Nov 12, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 110
Views: 4803

Re: Roth vs. Traditional 401k

You are currently in the 24% bracket. It takes ~$2.5 million in traditional accounts for a 4%/yr withdrawal rate on those alone to get out of the 12% bracket. Until you expect to reach that amount, putting 100% into the traditional 401k is likely best. This assumes the tax rates will stay at today'...
by JBTX
Mon Nov 12, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 110
Views: 4803

Re: Roth vs. Traditional 401k

You are currently in the 24% bracket. It takes ~$2.5 million in traditional accounts for a 4%/yr withdrawal rate on those alone to get out of the 12% bracket. Until you expect to reach that amount, putting 100% into the traditional 401k is likely best. This assumes the tax rates will stay at today'...
by JBTX
Mon Nov 12, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: Roth Investment Theory
Replies: 45
Views: 3635

Re: Roth Investment Theory

In our case we wait until just before tax filing day because; Our income fluctuates and could easily go from $0 in Roth to full contribution. For liquidity purposes, it isnt always clear how much we will be making and whether I am working. If we were flush with cash and comfortably below income lim...
by JBTX
Sun Nov 11, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Roth Investment Theory
Replies: 45
Views: 3635

Re: Roth Investment Theory

In our case we wait until just before tax filing day because; Our income fluctuates and could easily go from $0 in Roth to full contribution. For liquidity purposes, it isnt always clear how much we will be making and whether I am working. If we were flush with cash and comfortably below income limi...
by JBTX
Sun Nov 11, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 99
Views: 10365

Re: Debunking Bonds in Taxable

From my own calculations I concur with those here that it just doesn't make that much difference. It is pretty straightforward. If cap gains taxes are 15% and ordinary income is 22 or 24%, stocks will need to get generate 1.5 to 1.75 times the bond return to have an equivalent tax liability. So if y...
by JBTX
Fri Nov 09, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2995
Views: 587872

Re: What's Your Credit Card Rewards Strategy?

We still don't MS and only apply for a couple new cards each per year...but it still really is so easy...isn't it? 8-) MS? Manufactured Spend Is there still any easy/cheap manufactured spend left? I need $3000 to get the rewards on a new card. I'll get it within a few months of regular spending, bu...
by JBTX
Wed Nov 07, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Updating Microsoft Word
Replies: 19
Views: 1726

Re: Updating Microsoft Word

You are probably fine, but it looks like you can upgrade to office 2016 license pretty cheaply

Or also convert them to pdf.
by JBTX
Wed Nov 07, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Should I demand a refund from a dentist who installed a bad crown?
Replies: 12
Views: 1339

Re: Should I demand a refund from a dentist who installed a bad crown?

Prior thread was locked. This may not end well for you. I had similar instance where crown had to be replaced in 2 years and insurance wouldn't cover. After extensive hades raising and multiple attempts I finally got them to do the replacement for a very discounted rate (or free I do t remember). I ...
by JBTX
Tue Nov 06, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5930

Re: WSJ: Sometimes, It’s Bonds For the Long Run

There is obviously a wide variety of bonds. Junk bonds almost return what stocks do with less risk https://www.alliancebernstein.com/abcom/perspectives_web/market/retail/equity-like-returns/equity-like-returns-whitepaper.pdf Since 1979 (first year with junk bonds in Portfolio Visualizer), TSM has o...
by JBTX
Mon Nov 05, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5930

Re: WSJ: Sometimes, It’s Bonds For the Long Run

There is obviously a wide variety of bonds. Junk bonds almost return what stocks do with less risk https://www.alliancebernstein.com/abcom/perspectives_web/market/retail/equity-like-returns/equity-like-returns-whitepaper.pdf Since 1981 a strategy of rolling long dated zero coupon bonds would have tr...
by JBTX
Mon Nov 05, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA as tax bracket buffer
Replies: 12
Views: 1276

Re: Roth IRA as tax bracket buffer

What happens at $85k? For me, that is the top of the bottom tier of Medicare premiums (IRMAA). Going over means paying about $550 a year more for Medicare Part B 2 years later. Not worth it for me. Ok thanks. I don't know your specifics, but if you are MFJ and not drawing SS you could convert anoth...
by JBTX
Mon Nov 05, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA as tax bracket buffer
Replies: 12
Views: 1276

Re: Roth IRA as tax bracket buffer

Is anyone using or planning to use their Roth IRA to keep yourself in a lower tax bracket in retirement? Well sort of. I do Roth conversions each year up to a limit of $85k AGI. It is important not to go over that number by even $1 so I leave a $2k buffer for goof ups. Let's say I do this year's co...
by JBTX
Sun Nov 04, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA Question
Replies: 10
Views: 922

Re: Dependent Care FSA Question

Hello, We have our son who is going to daycare now. He spends 8 hours at daycare while my wife and I go to work. Next year I'm thinking about signing up for Dependent Care FSA. What information do I need from daycare? Do I need Tax ID/SS#/EIN? Or just the receipt is sufficient? Thanks in advance! I...
by JBTX
Sat Nov 03, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA Question
Replies: 10
Views: 922

Re: Dependent Care FSA Question

Hello, We have our son who is going to daycare now. He spends 8 hours at daycare while my wife and I go to work. Next year I'm thinking about signing up for Dependent Care FSA. What information do I need from daycare? Do I need Tax ID/SS#/EIN? Or just the receipt is sufficient? Thanks in advance! I...
by JBTX
Sat Nov 03, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 19
Views: 1717

Re: Target Red Card Auto-Pay Deceit Warning

Why not set up autopay for the full amount due and just let it process? I've been doing that for decades and have never had an issue.
by JBTX
Sat Nov 03, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle 401k or taxable?
Replies: 27
Views: 1647

Re: Side Hustle 401k or taxable?

It's an interesting question. I have thought about but not to this degree. For a business owner there is incrementally less value in employer matches, non elective contributions and profit shares. The marginal tax rate saved is only 80% of the ordinary income marginal rate. So if you are in 22% brac...
by JBTX
Sat Nov 03, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: UK Investor - One Fund Portfolio
Replies: 9
Views: 507

Re: UK Investor - One Fund Portfolio

This page https://www.bogleheads.org/wiki/UK_investing#Stocks gives some sample UK equivalent portfolios to Bogle's suggestions. I am wondering why, with time, these sample portfolios are shifting their equities from domestic to world stocks. Just looking at percentages of the equities in the portf...
by JBTX
Fri Nov 02, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Tick Prevention for Dogs
Replies: 10
Views: 657

Re: Tick Prevention for Dogs

Nexgard chews.
by JBTX
Fri Nov 02, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Individual Health Insurance mandate question
Replies: 6
Views: 587

Re: Individual Health Insurance mandate question

You aren't violating laws. You are just subject to a tax penalty which now equals zero.

The supreme CT ruled that govt cannot mandate citizens to engage in a private business transactions. But it also ruled that the ACA "mandate" was a tax, not a mandate.
by JBTX
Fri Nov 02, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7595

Re: I Bond fixed rate = 0.5%

One thing I would add to the I Bond discussion is that, if you are currently contributing to a 529 and fall under some pretty liberal income restrictions, you can basically cash out I Bonds completely tax free (or at least enjoy some really great tax benefits). For example, I contribute about 3k to...
by JBTX
Fri Nov 02, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Florida transportation between coasts
Replies: 17
Views: 1183

Re: Florida transportation between coasts

50ismygoal wrote:
Fri Nov 02, 2018 11:03 am
I hadn't thought about a 1-way car rental, or Greyhound, so thanks!
It is an easy drive, interstate with moderate traffic until you get into south FL traffic approaching ft Lauderdale. Avoid rush hour if during the week

Greyhound seemed pretty cheap and 3 hrs for 141 miles isn't horrible.
by JBTX
Fri Nov 02, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2348

Re: Weight Training After 70

I am 73. Convalescence after two (2) major episodes of foot surgery restricted my activity level for nearly three (3) years. This resulted in loss of muscle strength in my lower body as well as my upper body. I have begun a regimen of weight-training to try to regain some lost muscle strength. I ha...
by JBTX
Fri Nov 02, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Florida transportation between coasts
Replies: 17
Views: 1183

Re: Florida transportation between coasts

I'm guessing you don't want to rent a car? That is what I'd do. Ft Myers to Lauderdale seems like an awful long Uber - I'm guessing 100+ miles (141 to be exact) ?

I'm not aware of an shuttle but perhaps there is something like greyhound
by JBTX
Thu Nov 01, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4132

Re: 45% increase in marketplace insurance

What on earth is happening on the ACA exchanges?I Is it because the subsidies are being reduced? No, that was 2018, when the cost-sharing subsidies were eliminated. In 2019, the individual mandate is not being enforced. Since the ACA has guaranteed issue, this will lead to an insurance death spiral...
by JBTX
Thu Nov 01, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Used 2016 Lexus GS 350: 40k miles too much?
Replies: 38
Views: 3324

Re: Used 2016 Lexus GS 350: 40k miles too much?

https://www.cars.com/for-sale/searchresults.action/?mdId=21196&mkId=20070&mlgId=28868&page=1&perPage=100&rd=99999&searchSource=GN_SELECT&shippable-dealers-checkbox=true&showMore=true&sort=price-lowest&yrId=56007&yrId=58487&yrId=30031936&zc=73008&userSetIxt=true&localVehicles=false 29k seems high for...
by JBTX
Thu Nov 01, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5204

Re: People with older car, share your unusual repairs

8+ year old avalon with 175,000 miles - needed new a/c evaporator which was quoted as over $2000 to fix. Required removal of dash. Plus needed a new wheel bearing, and new tires. Ended up trading it and avoiding the repair expense. 8 year old Ford Taurus developed minor oil leak at around 150,000. D...
by JBTX
Thu Nov 01, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7595

Re: I Bond fixed rate = 0.5%

I am a bit puzzled what I should do. Have several years worth of ibonds purchases - I'd say 10 years old on average, give or take. I consider them a backup source of EF and liquidity. They are mostly at 0% fixed. I was planning on potentially using them if needed as a secondary source of college fun...
by JBTX
Wed Oct 31, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Is market cap weighting a dumb idea?
Replies: 64
Views: 2982

Re: Is market cap weighting a dumb idea?

The premise of this is dumb. I'd like to see the actual data, but what he is presumably doing in this exercise doing is buying the largest cap stocks at or near their tops and holding on to them all the way back down. So he missed their ride up the s&p but takes the full ride down. He is comparing a...
by JBTX
Fri Oct 26, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1338
Views: 224283

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I love this thread. It motivated me to get a opening bonus for my smallish Merril Edge taxable account and then two retention bonuses. A couple Quick questions: For those who take advantage of brokerage/ bank account bonuses 1) how much time do you find it taking to do so per month? 2) Do you have ...
by JBTX
Thu Oct 25, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Insignia TV Has Black Screen
Replies: 32
Views: 1653

Re: Insignia TV Has Black Screen

Nicolas wrote:
Thu Oct 25, 2018 2:58 pm
SVariance1 wrote:
Thu Oct 25, 2018 2:10 pm
My tube TV had 20 years of use without a problem before I threw it out.
I'm starting the ninth year on my Panasonic plasma TV, still as good as new.
Same here. It has been about 10 years and still working fine.
by JBTX
Thu Oct 25, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1338
Views: 224283

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I love this thread. It motivated me to get a opening bonus for my smallish Merril Edge taxable account and then two retention bonuses. A couple Quick questions: For those who take advantage of brokerage/ bank account bonuses 1) how much time do you find it taking to do so per month? 2) Do you have ...
by JBTX
Wed Oct 24, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Building Mortgages, which to payoff first
Replies: 16
Views: 835

Re: Building Mortgages, which to payoff first

Short answer, pay off the office loan because it will likely reset at a higher rate. I'd pay off the one that resets the soonest. If they did not reset and were fixed it would be a more complicated question. Your office buildings interest is a business expense so your after tax interest rate is sign...
by JBTX
Wed Oct 24, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Is TLH in 12% bracket less worthwhile?
Replies: 22
Views: 1829

Re: Is TLH in 12% bracket less worthwhile?

If you tlh now you only get $360 at 12% (assuming you have no other capital gains) If you expect your income to go up, you are likely to eventually pay cap gains taxes at greater than 12%. I can't see that it is worth the bother. On the flip side, if you are at 0% cap gains rate, can you tax gain ha...
by JBTX
Wed Oct 24, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Question - 44K long term gains, 2K short term losses, next steps?
Replies: 3
Views: 329

Re: TLH Question - 44K long term gains, 2K short term losses, next steps?

If I am understanding you correctly, any short term capital losses would offset long term capital gains, which is not advantageous. Only when you have more capital losses than gains can you offset ordinary income.
by JBTX
Wed Oct 24, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Would you like to review our IPS?
Replies: 4
Views: 469

Re: Would you like to review our IPS?

I thought it would be a good time to ask if our Investment Policy Statement seems reasonable. Thanks in advance. :sharebeer Investment Policy Statement - (uses 2019 tax figures) Investment Objective Financial Independence by age 60 (end of 2050), or if investments do well, in our 50s. Assume 25% re...
by JBTX
Wed Oct 24, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces link: The Spectrum of Financial Dependence and Independence
Replies: 30
Views: 3542

Re: Kitces link: The Spectrum of Financial Dependence and Independence

I could be anywhere between 8 and 14. There is a lot of overlap.

#12 is just dumb.
by JBTX
Tue Oct 23, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: Hedging tomorrow's tax rates
Replies: 32
Views: 2636

Re: Hedging tomorrow's tax rates

So I was doing online calculators figuring what our future marginal tax bracket would have to be for us to break even on using tax-deferred vehicles such as a tIRA or 401k vs. sticking it in a brokerage account and ponying up on taxes today. For our savings rate and assuming 20 years of savings, an...
by JBTX
Mon Oct 22, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bad news for alternate payees
Replies: 3
Views: 703

Re: Bad news for alternate payees

Spouses who receive a marital settlement consisting of defendant's ERISA protected 401k or their IRA account will forfeit creditor protection on those accounts. I think this decision will likely be appealed. https://www2.ascensus.com/news/industry-regulatory-news/2018/10/19/appellate-panel-finds-re...
by JBTX
Mon Oct 22, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25612

Re: PSA: Don't buy a big house

A lot of puzzling posts in this thread. We have lived in North TX 20+ years. We have a 2600 foot house, and I would say for people at or near our income level that is very small. Houses over 3000 Sq ft are not at all uncommon. I never considered 3500 Sq feet a mcmansion. You have to get much bigger ...
by JBTX
Thu Oct 18, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5293

Re: Spoke with a CFP...underwhelming!

I have a family friend who is a CFP in the local area, and I've always been curious to talk to him, as I've only learned from reading, forums, blogs, etc. I was always eager to hear his take on where I stand, and his thoughts. I finally spoke with him yesterday afternoon, and it was a bit underwhel...
by JBTX
Thu Oct 18, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 3012

Re: Top stocks of 2000 trail the market over the next 18 years

I can't imagine how an investment in "S&P lower 490" would be a good investment long term. Why? Do you believe that the top ten stocks will outperform the other 490? If you go back far enough you could probably eliminate most of the s&p 500. I think the answer is eliminating the top 10 will only be...
by JBTX
Thu Oct 18, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 3012

Re: Top stocks of 2000 trail the market over the next 18 years

Well if none of the top 10 are still in the top 10 it's pretty much a lock that they suffered lower returns than average.

The problem with excluding the top 10 is you miss an apple Google or Amazon going from 10 to 1,2 or 3, and that could be a lot of missed upside.
by JBTX
Wed Oct 17, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4080

Re: Approach to rescinding a job acceptance

Personally I would call. I'd apologize for the inconvenience you may have caused but say you have to do what is in you and your families best interest and have decided to stay with your current employer. I'd thank them for their time and the say that you are greatly appreciative of the opportunity. ...
by JBTX
Tue Oct 16, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Does Lifestrategy make sense in Roth IRA's
Replies: 26
Views: 3235

Re: Does Lifestrategy make sense in Roth IRA's

No one has been able to tell me exactly what the cost (for the inefficiency) would be. It would nice if I could find out. Everyone (including me) says that a given portfolio is efficient. And I believe that. But how does one figure out how much $$ is lost with putting bonds in Roths (with Lifestrat...
by JBTX
Tue Oct 16, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 11277

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

In conclusion, if you folks are content with following the herd about international investing without doing any investigation, then by all mean. Better you than me. What does the herd do? My impression is that U.S. investors overall are heavily tilted toward the U.S. in their equity investing, but ...