Search found 3519 matches

by JBTX
Mon Aug 13, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in Florida or Alabama?
Replies: 47
Views: 2787

Re: Retire in Florida or Alabama?

I apologize for not being more specific on reasonings for retiring in Alabama or Florida. They are looking to have a house in a beach community and are only considering Alabama or Florida. So pretty much anywhere east of Gulf Shores, and anywhere in Florida. I was hoping to understand what the fina...
by JBTX
Mon Aug 13, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in Florida or Alabama?
Replies: 47
Views: 2787

Re: Retire in Florida or Alabama?

I don't quite understand the beach thing. Texas beaches have much better sand for castle building and the water is warmer than locations in both Alabama and Florida. Where are the grandkids located? I've always found TX beaches to be dumps compared to FL beaches. Not even close to comparable. Also ...
by JBTX
Mon Aug 13, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 15
Views: 990

Re: Another Roth vs Traditional Debate

I'm just not sure I buy the argument for using a Roth for just about anyone in the accumulation phase unless you are at the bottom of the tax bracket and expect your income to go up in the near future. Even for someone with a Federal + State tax rate of 19%, I still think go traditional and here is...
by JBTX
Mon Aug 13, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance Advice for mid 30s couple
Replies: 8
Views: 1280

Re: Personal finance Advice for mid 30s couple

Thank you for your replies. I have $60k cash now and it bothers me to having it sit idle while I am paying interest on the homes. I completely understand the concept of the safety net but I know others use their HELOC as a safety instead. Dropping our rainy day fund to $20k would speed up the payin...
by JBTX
Mon Aug 13, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 15
Views: 990

Re: Another Roth vs Traditional Debate

Up until this point I've been maxing out my pre-tax 401k, Roth IRA, and HSA. I will soon open a spousal IRA for my wife. Income Salary: $110k (wife doesn't work) Distributions: $10-25k/yr (qualified dividends) Taxes Filing Status: married filing jointly Federal tax bracket: 12% State tax bracket: 7...
by JBTX
Mon Aug 13, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: Joint checking accounts.
Replies: 26
Views: 1851

Re: Joint checking accounts.

We have separate accounts, but we are joint on them. His money goes into his account, and then I transfer it to his savings (which I am joint on). My money goes into my account and I pay all the bills and make the retirement/HSA contributions. It's how we work. Similar to ours. Two separate joint a...
by JBTX
Mon Aug 13, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution to business 401k Question
Replies: 4
Views: 266

Re: Contribution to business 401k Question

Hello, I own a one-person LLC company. I set up a 401k and have been contributing to it for years. Recently, a new client paid me $18,000, but he wrote the check out to me personally instead of my company and I put the money in my personal account instead of my business account. I don’t know if he ...
by JBTX
Mon Aug 13, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3021

Re: Is your monthly expense really that stable or in reality, pretty volatile?

Occasionally I work up numbers by category based on quicken and set goals and occasionally a budget, but I rarely follow through with it. Setting a budget with little intention to act on it is mostly a waste of time. These days we mostly just track our liquidity position, to see if we are net saving...
by JBTX
Mon Aug 13, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 21
Views: 1233

Re: Key West Family Vacation - February

I wouldn't take kids to key west 6 days.

Key west has its charms, but also a fair amount of tackiness.

viewtopic.php?f=11&t=256372
by JBTX
Mon Aug 13, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plans & Retirement
Replies: 11
Views: 1460

Re: High Deductible Health Plans & Retirement

It depends on the specific plans and how you plan to insure yourself in retirement. I have seen some plans were the HDHP was almost a no brainer, where the savings in premiums was more than the additional out of pocket cost. I have seen others where the HDHP premiums are only modestly cheaper. Also,...
by JBTX
Mon Aug 13, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 36
Views: 2651

Re: Marriage [How should finances be handled?]

While we each have a separate bank account and a separate credit card our finances are otherwise combined, and there is no hiding of our separate bank accounts (which are ultimately joint accounts) The few people I know who insisted on having separate "secret" accounts used them to hide wasteful spe...
by JBTX
Mon Aug 13, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1049

Re: Where to stay in Key West?

Just went to key west last month stayed at Hyatt for 3 couples u can find places on airbnb. I had researched last month, many places have pool. Recommend u stay near duval so u can walk to all bars. Keep in mind it stays pretty noisy because last time I was there (which was decades ago) cars were s...
by JBTX
Mon Aug 13, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1049

Re: Where to stay in Key West?

Concur on key west not being a beach destination. Decades ago my wife was a little disappointed with key west in that respect. If you want beach, either go to South Beach if you like the people watching, and wide beach or Key Biscayne (which is near Miami) for a bit more of a laid back environment. ...
by JBTX
Sun Aug 12, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Question/Update on my Situation
Replies: 6
Views: 786

Re: Question/Update on my Situation

Agree with silk, if you don't have much other income you should evaluate if Roth conversions make sense.
by JBTX
Sun Aug 12, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2653

Re: How to invest ~$4mm for disabled-for-life 36-yo

I'm assuming the person cannot invest the money. Where is the person living now? With the parents? I've always heard that when applying for SSDI, they do not take into consideration any house one owns or a vehicle that is owned. I do not understand. The individual cannot work, but can live on their...
by JBTX
Sun Aug 12, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2653

Re: How to invest ~$4mm for disabled-for-life 36-yo

Seems to me the big issue is medical care. What sort of insurance does he have? Seems like they should explore special needs trust and try to become eligible for Medicaid. Did the person ever work? To get ssdi you either have to get it on your work history, or get it as an adult child, which means ...
by JBTX
Sun Aug 12, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2653

Re: How to invest ~$4mm for disabled-for-life 36-yo

Seems to me the big issue is medical care. What sort of insurance does he have? Seems like they should explore special needs trust and try to become eligible for Medicaid. Did the person ever work? To get ssdi you either have to get it on your work history, or get it as an adult child, which means t...
by JBTX
Sat Aug 11, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 46
Views: 3854

Re: How to have “what if” discussion with retired parents?

I'm not sure how you have that conversation without being intrusive. My parents are older than this and I wouldn't dream of asking them to add me or siblings to their accounts or asking for detailed specifics. Your mom obviously has the right to ask those questions. I don't think kids do.
by JBTX
Sat Aug 11, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 17
Views: 2763

Re: $1M in cash - invest or pay down mortgage

Pay off the mortgage and annual expenses go to about $130k. $130k of expenses on 6 million net worth is less than 3.0% so I am not sure for the call to reduce expenses beyond the mortgage. And that isn't even taking into account offsetting social security income.
by JBTX
Sat Aug 11, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Would buy and hold work if Japan's lost decade happens?
Replies: 64
Views: 7290

Re: Would buy and hold work if Japan's lost decade happens?

The problem is that the U.S. is such a dominant market, that if it falters, the rest of the world is likely to falter as well. Japan is a much smaller market on a relative basis. Er? This shows a lack of understanding of what Japan was like in the 1980s. By 1989 Japan made up 45% of the global mark...
by JBTX
Sat Aug 11, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2002

Re: Helping Parents with Retirement

As to the SWR, is generally meant to be based upon the beginning of retirement. Then the $ withdrawal will increase with inflation. On balance, the remaining balance will go down, so the relative withdrawal rate against remaining funds will tend to increase. 6% may not inappropriate for an 80 year o...
by JBTX
Sat Aug 11, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 955

Re: Advice requested: making a HO claim for a roof/hail

I would replace the roof. It's already 11 years old. What if you want to move and roof looks damaged? I've had 2 roofs done in 7 years due to hail. I'm not sure that our rates have gone up any more than normal. This last go round I did class 4 impact resistant shingles. That added about $1500 to the...
by JBTX
Sat Aug 11, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1783

Re: Roth 401k vs. Traditional 401k

I don't really care what the current taxes are, that makes zero difference in this decision.... With that taken out of the analysis, you may indeed justify pretty much any decision. What your current tax rate is now, and what you pay when you withdraw later, will determine the result of that decisi...
by JBTX
Fri Aug 10, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Used Car Negotiation
Replies: 29
Views: 2561

Re: Used Car Negotiation

My experience over the last few used cars is there isn't much wiggle room. I always start by looking at prices online and compare similar cars with similar mileage. Also, you have more chance to get concessions on the phone vs at the dealership. There is more wiggle room on a trade in if you have on...
by JBTX
Fri Aug 10, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: Your opinion on online courses?
Replies: 26
Views: 1976

Re: Your opinion on online courses?

I would have liked them because I usually checked out in class and learned it on my own anyway, by my kid just took one and I think she does better with the structure of a traditional class. You have to be self motivated and also able to figure out things on your own that you don't understand.
by JBTX
Fri Aug 10, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: I have 2 401k's need some advice.
Replies: 9
Views: 422

Re: I have 2 401k's need some advice.

I currently have 2 401k's. Should I move over my old 401k that's with a different company or keep it there and move it to an Roth IRA or would there be a better option for me to look in to. I'm 44 and married and wife also has a 401k. Thanks in advance To get a better answer you would need to share...
by JBTX
Fri Aug 10, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I have 2 401k's need some advice.
Replies: 9
Views: 422

Re: I have 2 401k's need some advice.

I would move it to a IRA (you mention Roth IRA but you will pay taxes on all of it), unless there is a good reason to leave it. Some states may offer better protection for 401Ks vs IRAs, such as for divorce or wage garnishment or being sued. I administer a 401K plan for our small company and there ...
by JBTX
Fri Aug 10, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4433

Re: Should I pay 6000.00 to repair wife's car....

Hey folks, You are always very reasonable. I'm not going to go into make/model details until I hear back from the Manufacturer. Here goes - my wifes car is a 2010 model that she absolutely loves. Beautiful color - exactly everything she wanted and makes her happy to this very day. - two big issues:...
by JBTX
Fri Aug 10, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Does it matter which mutual fund goes into my Roth IRA vs. Traditional IRA?
Replies: 8
Views: 376

Re: Does it matter which mutual fund goes into my Roth IRA vs. Traditional IRA?

Here is a tricky thing I do: Whenever an ETF like DGS is going up, I put it in my Roth IRA where the gains will be tax free. Whenever an ETF like DGS is about to go down, then I sell it in the Roth IRA and buy it in the tIRA. That's because when it goes down in the tIRA it will reduce my future RMD...
by JBTX
Fri Aug 10, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1783

Re: Roth 401k vs. Traditional 401k

While I think it is good to have both, at a 35% I would go traditional. I'm going to bet that somewhere down the road I'll be able to do conversions at a lower rate. It's hard to pass up a 35% up front tax break.
by JBTX
Fri Aug 10, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 104
Views: 5119

Re: Paper checks yes or no?

Occasionally some out of network individual medical providers take them. They either don't take credit cards or change a credit card fee. Also occasionally need for kids public school functions.
by JBTX
Fri Aug 10, 2018 7:59 am
Forum: Personal Consumer Issues
Topic: Anyone familiar with attic fans?
Replies: 32
Views: 1900

Re: Anyone familiar with attic fans?

I'd start with a roofer to replace an attic fan. They may or may not be interested in such a small job. We have 2 attic fans. We replaced both 2 years ago and one died within a year. Opinions are all over the place.on them, but I suspect the conclusion that they are energy inefficient is true. Also ...
by JBTX
Fri Aug 10, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7279

Re: Rude response from boss re: market adjustment

I suspect the formality of your proposal made it worse. An informal conversation may have gone better but he still would have said no.
by JBTX
Fri Aug 10, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2426

Re: Junk Mail

I've had good luck with https://www.catalogchoice.org/ Quick and easy. Also, went through other steps of FTC and DMA, but for the ones that slipped through, CatalogChoice specifically speared them. This is what we did and it has worked very well. Mostly the only junk we get now is some of the local...
by JBTX
Thu Aug 09, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Small Business
Replies: 4
Views: 358

Re: Selling Small Business

I seriously doubt somebody will pay a lot for a small consulting business. It is totally dependent on a few consultants. Also $120k net for several consultants doesn't seem like much.
by JBTX
Thu Aug 09, 2018 8:59 pm
Forum: Investing - Theory, News & General
Topic: NYT: The Big, Dangerous Bubble in Corporate Debt
Replies: 18
Views: 3403

Re: NYT: The Big, Dangerous Bubble in Corporate Debt

https://goldsilver.com/blog/corporate-debt-to-gdp-higher-than-before-2008-debt-crisis/ While I hate quoting that source there is an interesting graph about half way down. It is true that Corp debt/GDP is again approaching all time highs. On the flip side it has mostly ranged from 40-45% for 3 decade...
by JBTX
Thu Aug 09, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1668

Re: Uninsured Motorist coverage

If you are a victim of an accident that was someone else's fault and suffer disability, chronic pain, loss of income, etc you sue the other party for your damages. That is where THEIR liability steps in. If they have no insurance, and they are poor, you have nobody to sue. That is where uninsured mo...
by JBTX
Thu Aug 09, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help/Opinions
Replies: 3
Views: 297

Re: Portfolio Help/Opinions

Taxable funds: not a big fan of your choices. High fees and spitting off taxable income. I'd get out of them if you can do so without much capital gains. Go with index funds for stocks and more tax efficient bond choices to the extent you want fixed income in taxable. 401k/Roth/Hsa. I'd go with Vang...
by JBTX
Thu Aug 09, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13848

Re: Will you pay for your kids' college/graduate education?

Our plan is to pay for college, provided reasonable limits, like public school. Beyond that it really depends. As long as we think it is useful and we can afford it we will, but we won't pay $50k per year for her to get a masters in basket weaving.
by JBTX
Thu Aug 09, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: financial planning and the unknowability of the future
Replies: 15
Views: 1334

Re: financial planning and the unknowability of the future

Traditional vs Roth. This has been debated ad nauseum. I'm roughly 50/50 traditional / Roth. 5-10% taxable. In our case I probably won't have a long pre social security retirement window to do Roth conversions. There are other benefits to Roth specific to our situation. 529. Have enough to cover one...
by JBTX
Thu Aug 09, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 602

Re: 401k for small business owner

I have not found a better cost structure than guideline. $500 initial setup fee, then something like $8/user/mo participation fee. Zero AUM and uses mostly vanguard admiral funds. I am not familiar with guideline - either positive or negative. Not a lot of reviews, but those there are have been mos...
by JBTX
Thu Aug 09, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 602

Re: 401k for small business owner

This discussion is very interesting to us because we are also mulling a new 401k for our office. A couple questions from my side: 1. We have only 4 employees including the owner. But we may grow to 8 or more employees in a year or two. In this case, is it preferable to go with 401k or SIMPLE IRA? W...
by JBTX
Thu Aug 09, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 602

Re: 401k for small business owner

I have not found a better cost structure than guideline. $500 initial setup fee, then something like $8/user/mo participation fee. Zero AUM and uses mostly vanguard admiral funds. I am not familiar with guideline - either positive or negative. Not a lot of reviews, but those there are have been mos...
by JBTX
Wed Aug 08, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3477

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

I'm not sure he is judgement proof. It may be true that his retirement and homestead assets are shielded from judgment forfeiture, but in theory he could still have a substantial unpaid judgment over his head, which he either has to pay with future cash flows (RMDs??) or file for bankruptcy.
by JBTX
Wed Aug 08, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: "Why are you leaving your current job?"
Replies: 24
Views: 2269

Re: "Why are you leaving your current job?"

I tend to think a little bit of reality is OK. Yes you should be positive but just spitting out non substantial fluffy answers may not be great either. I would say something like "it's been a great experience and I've learned a lot, but we've hit a bit of a rough patch that has lead to some fairly h...
by JBTX
Wed Aug 08, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 602

Re: 401k for small business owner

Agree with spirit horse. If you provide no or low match, participation will be really low, and likely the amount you will be able to contribute will end up much smaller. This is what happened with us. If your main goal is to maximize YOUR savings, if you have no safe harbor you won't be able to cont...
by JBTX
Wed Aug 08, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 9466

Re: Few weeks into new job recieved significantly better offer elsewhere

If you like the offered job as good or better, I'd take the better offer. I'd really make sure to get it in writing and make sure you are confident it will come through.

Employers can terminate at will in most states. And they often do. Don't feel guilty about doing what is in your best interest.
by JBTX
Wed Aug 08, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 602

Re: 401k for small business owner

https://www.bogleheads.org/forum/viewtopic.php?t=246289 We are going through similar exercise for similar size company. Employee Fiduciary, Ascensus/Vanguard, Guideline are all good options, depending on level of service needed. I suspect we will go with a local advisor and an associated plan becaus...
by JBTX
Wed Aug 08, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 73
Views: 6340

Re: When is leaving your job that pays well a good idea?

I'd suggest first a leave of absence or at least a long vacation. If you have a good paying job that you like OK I'd be hesitant to Chuck it before all attempts to make it work are explored. At the same time start putting feelers out there job wise to see what else is out there. I recall I felt the ...
by JBTX
Mon Aug 06, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12516

Re: "Age in Bonds" fails almost everyone

As the bull market extends further and further to record valuations, age on bonds grows out of favor. A crash or an extended bear market will make it seem like a great idea again. I think it is appropriate for very conservative investors who are more likely to be spooked by large market moves which...