Search found 4184 matches

by JBTX
Tue Dec 11, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 97
Views: 2567

Re: What percentage of your net worth is your home equity?

less than 10%. The problem with this metric it give little insight into the leverage/home value risk. It may mean that house is modest compared to portfolio. Or it may mean that you have a large house that is heavily financed. $1m net worth. Scen A: $900k investments $200k home ($100k) mortgage $1m ...
by JBTX
Tue Dec 11, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff coming in 3-6 months, questions about preparing
Replies: 13
Views: 1111

Re: Layoff coming in 3-6 months, questions about preparing

If your wife can cover all expenses and assure 401K why would you dial back? Personally - if I were you - I would INCREASE 401K as you go into the new year to try to get as much in for you personally before you get laid off (and then can't contribute). Sounds like you are in good shape to me. Do yo...
by JBTX
Tue Dec 11, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: "The 10 Worst Places To Get Investing Advice"
Replies: 57
Views: 6356

Re: "The 10 Worst Places To Get Investing Advice"

AM Radio. On several occasions DW has said she heard about "X" on an AM radio show and it sounded like a great deal compared to risky stock investments. High returns and little risk!! "X" has included: 1. Various forms of annuities, where you have "market upside" but "limited downside" or "guarantee...
by JBTX
Tue Dec 11, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 27
Views: 866

Re: Hyatt Legal Plan for Will and Trust

You probate the Will, not the assets. Either you probate the Will or you don't probate the Will. As often as not, when someone tries to "avoid" probate, their Will has to be probated anyway for one reason or another. However, in most cases, in most states, that's not particularly difficult, expensi...
by JBTX
Tue Dec 11, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 27
Views: 866

Re: Hyatt Legal Plan for Will and Trust

Along with avoiding probate, there are also potential asset protection benefits with a trust. Particularly in situations where the child gets divorced after they receive the inheritance. I think that is only the case for an irrevocable trust, that often comes to life upon death, which can be part o...
by JBTX
Tue Dec 11, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 27
Views: 866

Re: Hyatt Legal Plan for Will and Trust

Hi, I could get the Hyatt Legal Plan from my employer for about $18 per month. I am looking to using this plan to set up a simple will and/or trust. I am doing my homework on will versus trust. My background: Married with 2 kids in college. Asset 400K house with a 300K mortgage 1.2 million across 4...
by JBTX
Tue Dec 11, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 27
Views: 866

Re: Hyatt Legal Plan for Will and Trust

Do a google in the forum on "living trusts" and "virginia"

viewtopic.php?t=218424

https://www.google.com/search?sitesearc ... g+trust+va
by JBTX
Tue Dec 11, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 27
Views: 866

Re: Hyatt Legal Plan for Will and Trust

Hi, I could get the Hyatt Legal Plan from my employer for about $18 per month. I am looking to using this plan to set up a simple will and/or trust. I am doing my homework on will versus trust. My background: Married with 2 kids in college. Asset 400K house with a 300K mortgage 1.2 million across 4...
by JBTX
Tue Dec 11, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 27
Views: 866

Re: Hyatt Legal Plan for Will and Trust

Hi, I could get the Hyatt Legal Plan from my employer for about $18 per month. I am looking to using this plan to set up a simple will and/or trust. I am doing my homework on will versus trust. My background: Married with 2 kids in college. Asset 400K house with a 300K mortgage 1.2 million across 4...
by JBTX
Tue Dec 11, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 30
Views: 3785

Re: Great Personal Loss – Guidance and Financial Questions

Really sorry for your loss. I can't imagine. I've sometimes seen some informative stuff from Ed Slott on IRAs, inheritance, etc https://www.irahelp.com/faqs.php 10. I just inherited an IRA or Roth IRA from my spouse. What do I do now? Under the tax code you have three options, but your IRA custodian...
by JBTX
Mon Dec 10, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Funding tIRA from joint taxable account?
Replies: 7
Views: 440

Re: Funding tIRA from joint taxable account?

Hello — hopefully a simple question. I did the backdoor Roth IRA this year for both my wife and I (at Vanguard). We also have a small taxable account at Vanguard. Can I go ahead and transfer $12K (2019 contribution limits for her and I) into our joint Vanguard taxable account now and then in Januar...
by JBTX
Mon Dec 10, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: Another Roth vs. Traditional question
Replies: 29
Views: 1626

Re: Another Roth vs. Traditional question

- the tax savings could be spent I think for a large part of the non boglehead population this is what is happening. Like a person decides to save say $300 a month. They will be fairly likely to save that dollar amount in either account. In that case the Roth is clearly better because they have tri...
by JBTX
Sun Dec 09, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: Another Roth vs. Traditional question
Replies: 29
Views: 1626

Re: Another Roth vs. Traditional question

My spouse and I have most of our money in traditional 401K accounts, but some years ago my (now-former) financial advisor recommended putting some money into a Roth 401K account, as a form of tax diversity. His argument 12-15 years ago was that taxes were as low back then as they were likely to eve...
by JBTX
Sun Dec 09, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle large, scheduled, lump sum investments / payments?
Replies: 12
Views: 1272

Re: How to handle large, scheduled, lump sum investments / payments?

Thanks for the additional info. If I were going to pull stuff out of taxable, I'd at least keep it in there long enough for it to be long term. Maybe you can't because you aren't tracking lots (I never did either). You are making enough and investing enough that I don't think it would be a big deal...
by JBTX
Sat Dec 08, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: How to handle large, scheduled, lump sum investments / payments?
Replies: 12
Views: 1272

Re: How to handle large, scheduled, lump sum investments / payments?

Thanks for the additional info. If I were going to pull stuff out of taxable, I'd at least keep it in there long enough for it to be long term. Maybe you can't because you aren't tracking lots (I never did either). You are making enough and investing enough that I don't think it would be a big deal ...
by JBTX
Fri Dec 07, 2018 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle large, scheduled, lump sum investments / payments?
Replies: 12
Views: 1272

Re: How to handle large, scheduled, lump sum investments / payments?

You (OP) can do any of the above or the following: 1. Wait until you have enough cash to contribute lump sum 2. Contribute every month, or every quarter. You don't have to do the whole thing at once 3. Do like you are doing and pull money from taxable. You may have capital gains, and they may or may...
by JBTX
Thu Dec 06, 2018 6:49 pm
Forum: Investing - Theory, News & General
Topic: Older Dads - how do you plan for your own retirement while still raising kids?
Replies: 38
Views: 5055

Re: Older Dads - how do you plan for your own retirement while still raising kids?

Hi Bogleheads, I read a lot on this forum on planning for retirement (particular early retirement) and saving for kid’s education. However, I have not found a post combining both. This should be relevant for people like me who became parents later in life than usual. Here is my situation: 54 years,...
by JBTX
Thu Dec 06, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Young and Dumb--wanting to start investing
Replies: 14
Views: 1357

Re: Young and Dumb--wanting to start investing

I'm 23 years old and am looking to start investing with a goal to retire by 65. After reading The Bogleheads Guide it seems that index investing in a Roth IRA would be best for my knowledge level at this time. I thought I would start by investing the IRS max of $6k this year. However, even after re...
by JBTX
Thu Dec 06, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio - Ray Dalio during slow growth/ downturn? How to balance bonds in low yield w/ rising rates?
Replies: 14
Views: 1384

Re: All Weather Portfolio - Ray Dalio during slow growth/ downturn? How to balance bonds in low yield w/ rising rates?

I suspect the answer your going to get is mostly "I don't know what is going to happen next" and "I don't really plan to do anything different". That is what I will tell you. I have a lot of respect for Dalio but I don't follow his investing advice. I could care less what Tony Robbins advocates as f...
by JBTX
Thu Dec 06, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1875

Re: Is there a point to a Taxable Acount?

Sure there is; it's a very good means to grow wealth assuming a long term investment outlook which you have based on your 10 year withdrawal plan. For whatever reason that would be. If you plan to live off of it in 10 years you're gonna need a lot more. You're a lot further ahead at 28 than most. K...
by JBTX
Wed Dec 05, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3347

Re: The risks of equities when saving for retirement

There's a limit on how pessimistic your future predictions can be before your plans should stop relying on market mechanisms altogether. If the 30-year real return on global cap-weighted equities is negative, that basically implies widespread societal collapse. If you think this is a real possibili...
by JBTX
Wed Dec 05, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6889

Re: Anybody Miss the Crypto Rage on BH Forums

Precious metals/Gold.

Every couple of decades they take a significant run and we will rehash arguments about the cost of a suit costing roughly the same amount of Gold in 1900 as it does now. Then they tank and the discussion subsides for another 20-30 years.
by JBTX
Wed Dec 05, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401K vs Roth 401K
Replies: 20
Views: 1908

Re: 401K vs Roth 401K

Hi, I have been maxing out for the past few years for my 401K and 457 plans. My employer also offers roth options for both of them. I am considering switching them to the roth options. I understand that I will be losing out on the current tax breaks associated with 401K and 457 plans but I am not s...
by JBTX
Wed Dec 05, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should we abandon the Roth IRA (for now)?
Replies: 19
Views: 1957

Re: Should we abandon the Roth IRA (for now)?

So are you saying now that you have limited funds, such that right now you can only choose between contribute to Roth or max out traditional employer plan? You don't have enough to do both, correct? My gut reaction is at 31%, right now, if you have to choose, I'd probably choose to max traditional....
by JBTX
Wed Dec 05, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1726

Re: Roth conversion

Should I convert $75,000 or ? ?? I will be 70 in January and will be taking RMD's from my IRA in 2019. I will also be starting Social security Jan 2019 which will be approx $3000 a month gross. I would like to convert approx. $75,000 this year which will cost me for Fed and State $32,000 which I ha...
by JBTX
Wed Dec 05, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3347

Re: The risks of equities when saving for retirement

There's a limit on how pessimistic your future predictions can be before your plans should stop relying on market mechanisms altogether. If the 30-year real return on global cap-weighted equities is negative, that basically implies widespread societal collapse. If you think this is a real possibili...
by JBTX
Wed Dec 05, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should we abandon the Roth IRA (for now)?
Replies: 19
Views: 1957

Re: Should we abandon the Roth IRA (for now)?

I've been spending the early days of December assessing our finances and thinking about any necessary adjustments to retirement savings in 2019. My spouse and I live in California, and I am a resident physician at a UC hospital. We contribute our mandatory 7.5% and 10.2% to our respective employer ...
by JBTX
Wed Dec 05, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: The risks of equities when saving for retirement
Replies: 38
Views: 3347

Re: The risks of equities when saving for retirement

There's a limit on how pessimistic your future predictions can be before your plans should stop relying on market mechanisms altogether. If the 30-year real return on global cap-weighted equities is negative, that basically implies widespread societal collapse. If you think this is a real possibili...
by JBTX
Wed Dec 05, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt or maxing Roth IRA as a resident
Replies: 14
Views: 977

Re: Paying off debt or maxing Roth IRA as a resident

I think you can make a case either way at 5.75%. Below 4% for younger people I would generally say keep the mortgage. Above 6%+ I'd lean to paying it off. In between depends on the situation. There are no magic to those parameters. Dave Ramsey is very aggressive about paying off debt. I tend to thin...
by JBTX
Wed Dec 05, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6720

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

Maybe this year you deduct your state income tax and sales tax. Does that get you close to $10,000? Next year do the property tax.

Edit: apparently you can only take sales tax OR state income tax in any particular year, so I guess that won't work.
by JBTX
Wed Dec 05, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6720

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

My county accepted ‘pre-payment’ of 2017 taxes in 2017 (We typically pay previous year’s property taxes in January of the following year). This helped, as I was able to get that tax deduction in my 2017 tax return. This year, they are not accepting ‘pre-payment’ for 2018. Therefore I cannot show an...
by JBTX
Tue Dec 04, 2018 10:10 pm
Forum: Investing - Theory, News & General
Topic: Yield Curve = Inverted
Replies: 58
Views: 5959

Re: Yield Curve = Inverted

I will change my asset allocation from 80% stocks to 80% non-perishable food items to prepare for the impending doom! That's where the smart money is moving. /s And the other 20% will go to gold, silver, brass, and lead? :wink: Don’t forget Bitcoin... I'm not sure how useful bitcoin will be in an i...
by JBTX
Tue Dec 04, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6720

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

If you drop a check in the mail, can't you deduct it based on when the letter was post marked? That’s what I am hoping....I might do that as what’s the worst that can happen. Either they won’t cash it, or send it back....right? That didn't work last year. Taxes had to be assessed and paid. https://...
by JBTX
Tue Dec 04, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Establish trust for IRA beneficiary (young adult)?
Replies: 9
Views: 490

Re: Establish trust for IRA beneficiary (young adult)?

You are wise to be learning as much as you can prior to meeting with the lawyer. We set ours up 15+ years ago, revised them maybe -10 years ago, but until I started snooping around here I really didn't understand some of the specifics. After researching this from some of the feedback here I went ba...
by JBTX
Tue Dec 04, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Establish trust for IRA beneficiary (young adult)?
Replies: 9
Views: 490

Re: Establish trust for IRA beneficiary (young adult)?

[snip] Questions I am unsure about (assuming I proceed with establishing a trust): 1) I assume my wife (now 56) can serve as executor? Any pitfalls if so? She knows little about investing but can follow the instructions I leave (probably move assets into a target date fund if I have not already don...
by JBTX
Tue Dec 04, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Establish trust for IRA beneficiary (young adult)?
Replies: 9
Views: 490

Re: Establish trust for IRA beneficiary (young adult)?

7) Can other assets be placed in this trust? I assume not. Contrary to other replies, other assets can be placed in the trust and may be simpler to have one trust. Their are very specific IRS rules on what constitutes a "see-thru" trust for inherited retirement accounts. Other assets is not one of ...
by JBTX
Tue Dec 04, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Silly 401k Question: Roll out rollover?
Replies: 9
Views: 687

Re: Silly 401k Question: Roll out rollover?

I know that I can't roll out my pre-tax contributions or my employer's contributions while I'm still employed. However, I rolled my account from my previous employer's 401k into my new employer's 401k, and they promptly reworked their fee structure in an unpleasant fashion. Do I have the option to ...
by JBTX
Tue Dec 04, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Establish trust for IRA beneficiary (young adult)?
Replies: 9
Views: 490

Re: Establish trust for IRA beneficiary (young adult)?

DS (actually my stepson) is currently named as the primary beneficiary of my rollover IRA (currently mid six figures). I began RMDs this year; he just turned 21. From what I have gleaned from reading others' posts here as well as some other reading, it may well be advantageous to set up a trust for...
by JBTX
Tue Dec 04, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: Older Dads - how do you plan for your own retirement while still raising kids?
Replies: 38
Views: 5055

Re: Older Dads - how do you plan for your own retirement while still raising kids?

Hi Bogleheads, I read a lot on this forum on planning for retirement (particular early retirement) and saving for kid’s education. However, I have not found a post combining both. This should be relevant for people like me who became parents later in life than usual. Here is my situation: 54 years,...
by JBTX
Sun Dec 02, 2018 6:31 pm
Forum: Personal Consumer Issues
Topic: Robot Vacuum Cleaner?
Replies: 62
Views: 4766

Re: Robot Vacuum Cleaner?

start here: https://thewirecutter.com/reviews/best-robot-vacuum/ Wirecutter recommended the Eufy RoboVac 11S. I got it from AMZN for $200, and after a few days I'm quite impressed. It cruises around in a random pattern and cleans very nicely - I know because I empty it after each use, and it's full...
by JBTX
Sun Dec 02, 2018 6:25 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 149
Views: 15863

Re: Best values at Costco? Honestly, a little disappointed...

Signed up months ago to get my kid glasses. That worked out well, glasses were far cheaper. However I did walk around and bought a couple of things but I haven't been back - it is 20 miles away and there is a lot of traffic getting in and out of there. - I had no idea where anything was. I couldnt f...
by JBTX
Sun Dec 02, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: Has anyone on this board painted over wallpaper?
Replies: 46
Views: 3015

Re: Has anyone on this board painted over wallpaper?

Had our house remodeled 2 years ago and they painted over some wallpaper places in the extra bathroom and kitchen. They did add some texture on surface (whatever you call that) before it was painted. No complaints so far.
by JBTX
Sun Dec 02, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Pay extra into mortgage or invest, considering Trump's tax plan ?
Replies: 29
Views: 2230

Re: Pay extra into mortgage or invest, considering Trump's tax plan ?

OP, we also have a 3.25 mortgage although smaller balance. We are choosing to hold on to it mainly for the liquidity. You can invest it in short term securities, treasuries, ibonds or cds and get close to that rate. Also if interest rates head up you will benefit even more. If you wanted to invest a...
by JBTX
Sat Dec 01, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 85
Views: 12123

Re: The S&P 500 Goes Supernova

I tend to think the writer meant we won't see those types of returns going forward based on today's levels. I don't think he was thinking about the market dropping by 67% and then going up 200% over the following 10 years, although it could happen. He said in "in our lifetimes". The next ten years ...
by JBTX
Fri Nov 30, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 85
Views: 12123

Re: The S&P 500 Goes Supernova

I tend to think the writer meant we won't see those types of returns going forward based on today's levels. I don't think he was thinking about the market dropping by 67% and then going up 200% over the following 10 years, although it could happen. He said in "in our lifetimes". The next ten years ...
by JBTX
Fri Nov 30, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: Back Door Roth: Can it trigger an Audit?
Replies: 14
Views: 1217

Re: Back Door Roth: Can it trigger an Audit?

No, a Back Door Roth IRA contribution by itself will not trigger an audit. Previously it was legal to make the Traditional IRA contribution and legal to do a Roth conversion but there was some speculation on the internet from an "expert" who thought two legal actions together might create an illega...
by JBTX
Fri Nov 30, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is this annuity a good deal?
Replies: 9
Views: 1201

Re: Is this annuity a good deal?

My choices are $447,282 or $2,479 per month ($29,748 per year) This annuity will start at age 55 and continue until death. It's monthly payment will raise a guaranteed 3% of the initial amount every January. But it doesn't have a surviving spouse payment. This is a future annuity thru my employer. ...
by JBTX
Fri Nov 30, 2018 9:42 pm
Forum: Investing - Theory, News & General
Topic: Why should annuities NOT be held in tax-deferred accounts?
Replies: 23
Views: 1750

Re: Why should annuities NOT be held in tax-deferred accounts?

It would be pointless to purchase and hold a traditional annuity product inside an existing IRA. The annuity already has tax deferral on the back side.

It may make sense, especially with a SPIA, to roll an existing IRA into an annuity IRA.
by JBTX
Fri Nov 30, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 85
Views: 12123

Re: The S&P 500 Goes Supernova

Basic thesis is that the S&P 500 returns have been out of this world since the global financial crisis and is highly unlikely to repeat this performance in our lifetimes. That is a really stupid thesis. Seriously. It's already repeated twice in my lifetime, in the 90s and in the 2010s. These kind o...