Search found 5026 matches

by JBTX
Wed Jun 19, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy went up 166%
Replies: 26
Views: 2367

Re: Umbrella policy went up 166%

I'm paying about $200/yr for $1m umbrella. What did you do? Oh yes...I forgot that part. :D My 16 year got his license and I have 10 rental properties. The "change," from last year is only the 16 year old getting his license. Which, I'm not sure that requires a $1100 bump in the policy cost. My tee...
by JBTX
Wed Jun 19, 2019 9:38 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 81
Views: 5375

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

P.S., Specific things I'm wondering if people invest in: Rental properties, REITs, Dividend stocks, Owning a business, Side hustle, Equities outside of retirement accounts REITS and dividends stocks are really just a subset of equity investments, not really a separate income stream. If you want to ...
by JBTX
Wed Jun 19, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Why are 1 month t-bill rates low?
Replies: 10
Views: 1019

Re: Why are 1 month t-bill rates low?

Those are yield curve rates, not short term interest rates (I think) Yield curve is the difference of long term rates vs short term rates. Long term rates have dropped materially in the last month.

https://www.cnbc.com/quotes/?symbol=US10Y
by JBTX
Tue Jun 18, 2019 12:24 am
Forum: Personal Consumer Issues
Topic: wood floors and general cleaning: steam?
Replies: 29
Views: 1925

Re: wood floors and general cleaning: steam?

Most just vacuum it using a Dyson stick and eufy robo vac. Occasionally spot clean with Bona swiffer style cleaner. Once every blue moon mop floor using Murphy oil soap.
by JBTX
Tue Jun 18, 2019 12:08 am
Forum: Investing - Theory, News & General
Topic: A thought on mortgage payoff vs investing
Replies: 25
Views: 2465

Re: A thought on mortgage payoff vs investing

At 3.0% in most situations I'm going to hold on to that debt. At 4.5% I'm more inclined to do a combination of debt pay down and taxable investments.
by JBTX
Mon Jun 17, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Low interest student loan - pay off?
Replies: 9
Views: 752

Re: Low interest student loan - pay off?

a) yes, absolutely
b) leave as is

If I could borrow at less than3% fixed I would do it even though we don't need it

If you have a lot of excess liquidity and maxed out all retirement account opportunities I'd gradually pay the 4.25 down. I'd leave the 3.0% alone.
by JBTX
Sun Jun 16, 2019 9:52 pm
Forum: Personal Investments
Topic: 24 Years Old - Need Advice
Replies: 6
Views: 637

Re: 24 Years Old - Need Advice

Hi everyone, I found this forum and discovered the "Boglehead Philosophy" back in September and decided it was finally time to make my first post. A little about myself: I am 24 years old, I hope to be financially independent by 40, I do not currently have any investments, and I am living with my p...
by JBTX
Sun Jun 16, 2019 9:19 pm
Forum: Personal Investments
Topic: Rollover 401k Options
Replies: 6
Views: 396

Re: Rollover 401k Options

Agree with Duckie. Leave it where it is. Also 401ks generally have better asset protection than IRAS in bankruptcy / lawsuits, etc.
by JBTX
Sun Jun 16, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Settlement Payout into Disability Trust?
Replies: 3
Views: 358

Re: Settlement Payout into Disability Trust?

This link indicates disability trusts are created in case of death of caretaker. https://law.freeadvice.com/estate_planning/trusts/disability-trust.htm Disability trusts, or qualified disability trusts, are created for the purpose of caring for a disabled person in the event of their caretaker’s dea...
by JBTX
Sun Jun 16, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One will only send security notices if you let them spy on you once in a while
Replies: 46
Views: 2851

Re: Capital One will only send security notices if you let them spy on you once in a while

This doesn't make any sense because as far as I know they don't necessarily know if you open an email. How would they know? This is how they know: https://en.wikipedia.org/wiki/Web_bug I recently received an email from a well-known office supply company. About half of the 40+ images in the messages...
by JBTX
Sun Jun 16, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Attention retirement savers: college 529 plans aren't just for kids
Replies: 5
Views: 1257

Re: Attention retirement savers: college 529 plans aren't just for kids

Seems to me that the modest benefit of a 529 over a taxable accounts does not offset the chance that you won't use it in retirement. Now if your retirement is over funded anyway and you will ultimately pass on stuff to grandchildren then perhaps it makes sense.
by JBTX
Sun Jun 16, 2019 7:07 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1162

Re: User reviews - How do you use them?

These are two sites that attempt to eliminate fake reviews using algorithms.

https://www.fakespot.com/

https://reviewmeta.com/

What I find interesting is often a lot of reviews are eliminated but usually the star rating doesn't change that much.
by JBTX
Sun Jun 16, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One will only send security notices if you let them spy on you once in a while
Replies: 46
Views: 2851

Re: Capital One will only send security notices if you let them spy on you once in a while

I received an email recently from Capital One that I find to be utterly infuriating. I'm curious if others have received an email like this, and (even you haven't) what your reactions are. Subject: We've updated your Paperless Terms Open emails regularly to continue receiving notifications. Re: You...
by JBTX
Sun Jun 16, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Keep car and pay for maintence or get new car
Replies: 22
Views: 1041

Re: Keep car and pay for maintence or get new car

75000 miles isn't a lot. We run them up to at least 150k. Beyond that it is a bit trickier. It still is probably worth it but repairs are more expensive and there is a hassle factor. So what did your car originally cost? Maybe 30k? Now it is probably worth roughly $10k So you had $2500 a year just i...
by JBTX
Sun Jun 16, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 755

Re: Freezing Credit issues

2cents2 wrote:
Sun Jun 16, 2019 2:28 pm
Have you ordered a copy of her credit report from all 3 credit reporting agencies to make sure there isn’t any fraudulent activity on her account?
Probably a good idea, although if there was anything I would think it would show up on credit karma.
by JBTX
Sun Jun 16, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 755

Re: Freezing Credit issues

Silk McCue wrote:
Sun Jun 16, 2019 2:21 pm
Any chance the questions matched your history since she is on two of your cards? If not, just fax in the information they are asking for.

Cheers
I hadn't had any car loans either.
by JBTX
Sun Jun 16, 2019 3:43 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3405

Re: TIRA to Roths? help Please

The answer depends on many factors. But at $500k, IF you will have no other retirement income, like a pension (and other than social security) chances are RMDS will be low and you won't have any taxable income in retirement. So no need to Roth convert. If you will have other income (other than socia...
by JBTX
Sun Jun 16, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options - should I proceed?
Replies: 8
Views: 685

Re: Mortgage refinance options - should I proceed?

I'd go ahead and do it. Just on raw numbers 15 months is right, but some of it now may be deductible at the moment so 18/19 months may be more accurate. If you have everything lined up no reason not to proceed. At the moment interests seem to be trending downward. But I wouldn't speculate as to wher...
by JBTX
Sun Jun 16, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 755

Freezing Credit issues

Working with my 18 year old daughter to freeze credit. She has one relatively new credit card in her name and is on two of my credit cards. They all three now show up on credit karma, she already has a high credit score and no other accounts or issues appear. We were unable to freeze experian and eq...
by JBTX
Sun Jun 16, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Mosquitos
Replies: 45
Views: 3529

Re: Mosquitos

I installed these two days ago. Easy and cheap for 90 days of use. First day, I could not tell any difference. Day 2 no mosquitoes. Today, day 3, we will see I will keep you posted. It uses some sort of CO2 to attract and a non toxic mixture to kill them. https://spartanmosquito.com/ This is our th...
by JBTX
Sun Jun 16, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 10990

Re: With hindsight, what signs indicated you were about to lose your job?

You know deep down somebody else can do your job for less You've greatly simplified your job You are bored with your job Your relationships with internal customers are cordial, but they don't view you as invaluable to them Company acquires large competitor, and integration doesn't go as planned, and...
by JBTX
Sat Jun 15, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3831
Views: 705796

Re: What's Your Credit Card Rewards Strategy?

Do you get 5.25 for the Costco cash card online purchase from Costco.com when you set your BoA cash rewards category to 'Online Shopping' ? If yes, then, I'm bummed for all these months not taking advantage of this, please let us know FrugalProfessor ! Corrected, Groceries from 5.25 to 3.5 Note: Bo...
by JBTX
Sat Jun 15, 2019 1:49 pm
Forum: Investing - Theory, News & General
Topic: Wellington VS Balanced Index
Replies: 36
Views: 6008

Re: Wellington VS Balanced Index

Wellington has higher percentage of stocks - roughly 2/3 vs 60% for index.

Wellington seems to be a bit more interest rate / inflation sensitive.

Wellingtons debt is slightly lower on the quality scale than your typical index.
by JBTX
Fri Jun 14, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4761

Re: Should I call it quits?

Thanks all. Good food for thought. We're going to take our time thinking over this one. I would talk it through very thoroughly with your wife. Even talk about terms. Can I say I'm retired? Am I a stay at home dad with kids in school? What gives from the budget? Something has to be reduced. Saving ...
by JBTX
Fri Jun 14, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: World Economic Forum - Outliving your retirement savings
Replies: 2
Views: 648

Re: World Economic Forum - Outliving your retirement savings

What would be interesting would be to know how many people have "run out of money", or what percent, when/how/why it happens, and what actions did they have to take as a result. We talk a lot about withdrawal rates and nest eggs and hear a lot about people not saving enough and the dire scenarios, b...
by JBTX
Wed Jun 12, 2019 6:18 pm
Forum: Investing - Theory, News & General
Topic: "The S&P 500 Is Beating Yale's Endowment Fund"
Replies: 34
Views: 4031

Re: "The S&P 500 Is Beating Yale's Endowment Fund"

Of course 1 component of a multicomponent portfolio will occasionally beat the portfolio. That's the what happens with a diversified portfolio.

Now if an endowment fails to beat a broad index over a couple of decades on a risk adjusted basis then you have an interesting and relevant discussion.
by JBTX
Wed Jun 12, 2019 6:13 pm
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3315

Re: Fixing financial "leakage" - what do you do?

What minor financial "leaks" do people have on their list? Basically, easy things that we can all do that help save more money. Note that this is a different list than giving up things you enjoy because you are trying to save money. These are things that really don't impact your quality of life, bu...
by JBTX
Wed Jun 12, 2019 2:31 pm
Forum: Personal Investments
Topic: I think I found someone to ask about retirement plans....
Replies: 21
Views: 2692

Re: I think I found someone to ask about retirement plans....

You have about $1.7-M in retirement assets, plus another $1.5-2.0M in business interests. - do you any liquid funds (non taxable, emergency funds, etc) - 90/10 is certainly more aggressive than I would be (or am) at approx your age. - I am not clear on how "hard" your business net worth is. But let'...
by JBTX
Tue Jun 11, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14455

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

Seems to me that given what is known: - set up some sort of low fee annuity for spouse - your share of the estate should pass to you in trust, and then most or all of it should go to kids in trust. However the bigger question here is how will the current real estate and other assets be managed or un...
by JBTX
Mon Jun 10, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Excel to Outlook - need some Visual Basic assistance
Replies: 3
Views: 533

Re: Excel to Outlook - need some Visual Basic assistance

No offense, but how hard is it to set up some outlook invites in the first place?. I can't imagine the time to just send the invites would exceed the programming time to set this up in visual basic.
by JBTX
Mon Jun 10, 2019 6:17 pm
Forum: Personal Investments
Topic: How are “high earners” (HCEs) eligible for Mega-backdoor Roth?
Replies: 12
Views: 1222

Re: How are “high earners” (HCEs) eligible for Mega-backdoor Roth?

You may find this thread helpful particularly posts from spirit rider.

viewtopic.php?t=258454
by JBTX
Mon Jun 10, 2019 6:13 pm
Forum: Personal Investments
Topic: How are “high earners” (HCEs) eligible for Mega-backdoor Roth?
Replies: 12
Views: 1222

Re: How are “high earners” (HCEs) eligible for Mega-backdoor Roth?

Hi BHs I was going to “lobby” my company to modify its 401k plan to include the ability to do the mega-backdoor roth maneuver. This means it would need to do 2 things that it currently doesn’t: allow for after-tax contributions, and allow for in-service distributions or conversions. However, upon r...
by JBTX
Mon Jun 10, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1327

Re: How to get good at a racket sport without coaching?

I took tennis lessons as a young kid. But never played competitively much. When I got to college and early work years I'd play people who I thought I was better than fundamentally but more often than not they would win. To a degree, if you' want to get better competitively you need to play more comp...
by JBTX
Sun Jun 09, 2019 11:43 am
Forum: Personal Investments
Topic: Deep out of Money Puts and LEAP Puts- What am I overlooking?
Replies: 29
Views: 2366

Re: Deep out of Money Puts and LEAP Puts- What am I overlooking?

Seems like you fundamentally understand the issues.


At a basic level if you're putting in 1-5% every year, you are losing 1-5% every year off of your portfolio return, which greatly diminishes your returns, unless of course the market tanks then your losses will be less.
by JBTX
Sat Jun 08, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Dilemma
Replies: 11
Views: 1229

Re: Refinancing Dilemma

There is value in getting the deal done. I’d ask for the lower rate with Ally, but I wouldn't bail and start over with somebody else and dish out another $4000. Last couple of times I've used quicken loans just because they get the deal done quickly efficiently. I went through a couple run arounds w...
by JBTX
Fri Jun 07, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund to pay debt
Replies: 25
Views: 1723

Re: Emergency fund to pay debt

So many unknowns here. But at 5.5%, I might look at other alternatives. - home equity loan? - Refi mortgage (depends on rates and fees) - possibly evaluate credit card promotional rates (need to be careful such that you have a way to pay it back no matter what happens) - taxable investments could se...
by JBTX
Fri Jun 07, 2019 8:54 pm
Forum: Investing - Theory, News & General
Topic: Check my reasoning: prepaying mortgage makes *more* sense if you don't plan to stay long
Replies: 8
Views: 1005

Re: Check my reasoning: prepaying mortgage makes *more* sense if you don't plan to stay long

The conventional wisdom is that it doesn't make sense to pay extra on your mortgage unless you plan to stay a long time. But isn't it actually the opposite? Paying extra on your mortgage is like buying a bond with duration equal to the time you will have the loan. If you plan to move soon, prepayin...
by JBTX
Thu Jun 06, 2019 11:38 pm
Forum: Personal Consumer Issues
Topic: New Roof - to RidgeVent or to not RidgeVent
Replies: 36
Views: 3000

Re: New Roof - to RidgeVent or to not RidgeVent

Last roof was replacement due to hail. I specifically told the roofers not to do ridge vents, because 1. Having had rodents in the attic before, I didn't want to add any potential new entry points 2. I was skeptical due to the potential for water blowing in, leaks etc. I didn't have a lot of hard fa...
by JBTX
Thu Jun 06, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5918

Re: Would you buy a house without a garage?

For most of my life I had no idea why anyone would waste a perfectly good garage by parking a car in it. Interesting. I've always wondered why people store mostly worthless junk in their secured garage and park expensive vehicles out on the street. :P I recently moved from CA to NH and what I've fo...
by JBTX
Thu Jun 06, 2019 1:22 pm
Forum: Personal Investments
Topic: Is a Roth 401k right for me?
Replies: 28
Views: 2141

Re: Is a Roth 401k right for me?

As stated above for single at about $52k you hit 22%. You are at $71k gross. Do you have any other pretax deductions, like employee share of employer benefits or HSA? To the extent you can get your AGI below $52k, I'd contribute to Roth after that point. As to the rest you are at 22% plus CA state i...
by JBTX
Wed Jun 05, 2019 12:32 pm
Forum: Personal Investments
Topic: To Roth-Convert, or not to Roth-Convert, that is the question
Replies: 16
Views: 1852

Re: To Roth-Convert, or not to Roth-Convert, that is the question

... So getting back to OP's situation, seems to me there are 2 ways to play it. Scenario 1: Do Roth conversions now and for next 3 years up to about $25K and stay in zero bracket. Then roll the dice at 70 that your RMD's will stay just under a 0% marginal tax - which would be about $20K of RMD's pe...
by JBTX
Tue Jun 04, 2019 9:26 pm
Forum: Personal Investments
Topic: To Roth-Convert, or not to Roth-Convert, that is the question
Replies: 16
Views: 1852

Re: To Roth-Convert, or not to Roth-Convert, that is the question

Teen P, I think you are right. I'll admit this taxability of SS issue confuses me a bit. I am working off of a "hump" calculator that i have bastardized somewhat to reflect new and old tax rates, plus the depreciation of the income thresholds for Social security taxability, which don't grow with inf...
by JBTX
Tue Jun 04, 2019 12:36 pm
Forum: Personal Investments
Topic: To Roth-Convert, or not to Roth-Convert, that is the question
Replies: 16
Views: 1852

Re: To Roth-Convert, or not to Roth-Convert, that is the question

It is a fairly complicated question and one you would have to model including the tax ability of social security: https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits https://www.aarp.org/retirement/social-security/questions-answers/how-is-ss-taxed/ The portion of your benefits subj...
by JBTX
Tue Jun 04, 2019 12:32 pm
Forum: Personal Investments
Topic: To Roth-Convert, or not to Roth-Convert, that is the question
Replies: 16
Views: 1852

Re: To Roth-Convert, or not to Roth-Convert, that is the question

While at first I thought it was complicated but perhaps not in this situation. Roth convert convert each year to the point of standard deduction (approx 25700). By the time 70 is reached the RMDS will take you close to the standard deduction max, such that little or no tax is paid. If still short pu...
by JBTX
Tue Jun 04, 2019 12:38 am
Forum: Personal Investments
Topic: To Roth-Convert, or not to Roth-Convert, that is the question
Replies: 16
Views: 1852

Re: To Roth-Convert, or not to Roth-Convert, that is the question

It is a fairly complicated question and one you would have to model including the tax ability of social security: https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits https://www.aarp.org/retirement/social-security/questions-answers/how-is-ss-taxed/ The portion of your benefits subje...
by JBTX
Mon Jun 03, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3831
Views: 705796

Re: What's Your Credit Card Rewards Strategy?

It must be a recent change. I got the AA personal in January and the AA business in March. I was at 10/24. It had been almost 2 years since I churned them. I know I won't be able to get them again for 24 months after I cancel them. I've had 16 AA cards (business and personal) over the past 24 month...
by JBTX
Sun Jun 02, 2019 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3349

Re: What personal finance metrics do you track?

OP, I only need one metric. My current portfolio size (excluding the home equity) as a multiple of my current annual expense. The number is about 20X now. KlangFool Surprisingly, that's something I'm not tracking (but probably should). Are you doing a rough calculation (ignoring taxes that would ne...
by JBTX
Sun Jun 02, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 97
Views: 10873

Re: How long have you been unemployed?

Current job, boss is bipolar, sexist and racist. Has told me that he pays me enough that my wife should stay home wiht the kids. When I told him we were having a second baby, he said when. I said February, his reply,that is the worst time to have a baby I hope you arent thinking of taking time off....
by JBTX
Sun Jun 02, 2019 11:51 am
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12746

Re: 2% withdrawal rate

https://core.ac.uk/download/pdf/51221330.pdf Go world wide and you can find instances where even 2% failed. But a flexible withdrawal rate and international diversification would likely have helped these scenarios. We will shoot for roughly a 3.0% rate, but would like to have money to pass on in tru...