Search found 4374 matches

by JBTX
Tue Jan 15, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 29
Views: 3381

Re: Amazon Rewards Visa -- predatory lending?

The above posts are correct; this is how credit cards work. I just wanted to add that messing up on paying in full has happened to me twice in my two decades or so of playing the maximize-cashback game with multiple cards. The two times were with two different companies, several years apart. Both t...
by JBTX
Mon Jan 14, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: What do futures really leverage exposure to?
Replies: 23
Views: 1261

Re: What do futures really leverage exposure to?

Your question is a bit meandering. Maybe follow up with some more specific questions? Maybe a specific example? Let's say somebody has $100k cash. They could do any of the following: Buy $100k worth of SPY Buy $100k worth of SPY on (say) 20% margin, putting the other 80% in a money market account. ...
by JBTX
Sun Jan 13, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 43
Views: 4687

Re: Took on too much mortgage, seeking advice on where to put money going forward

If your plan is to be out of it in a few years, there isn't much you can do. Refis in Texas are expensive in terms of up front fees. I disagree paying off a 2.5% car loan, which is basically the rate of inflation. Paying off a near zero percent loan in inflation adjusted terms does absolutely nothin...
by JBTX
Sun Jan 13, 2019 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: RE: What to do with previous solo 401k?
Replies: 7
Views: 462

Re: RE: What to do with previous solo 401k?

Yes you can roll it over to an IRA. It will probably make doing backdoor Roth's not worthwhile though, if you do them now or plan to in the future.

I don't think Vanguard solo 401k allows roll ins ( I called and asked). Fidelity solo 401k does.
by JBTX
Sun Jan 13, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: PNC 2.35% online savings
Replies: 13
Views: 1571

Re: PNC 2.35% online savings

I'm in TX. I signed up for a checking/savings account for a modest bonus (which turns out was probably more work than it was worth for $300) but nonetheless I now have an account anyway.

I may open one up. 2.35 is a decent spread from 2.0 that I have with Capital one and discover bank
by JBTX
Sun Jan 13, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: PNC 2.35% online savings
Replies: 13
Views: 1571

PNC 2.35% online savings

by JBTX
Fri Jan 11, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Non deductable IRA Contributions
Replies: 16
Views: 697

Re: Non deductable IRA Contributions

The more I read about the backdoor Roth the less I am inclined to want to pursue it currently, Looks like will just up my taxable income if i am reading correctly? and non deductible contribution versus taxable and TLH look to be about a wash over 30 years. Maybe just contribute to a taxable and de...
by JBTX
Fri Jan 11, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5222

Re: BHers, what is your Roth IRA %?

We are low/mid 50's age. Apart from approximately 1.5 years of "liquid" funds (bank accts, money market, ibonds) and modest 529, all of our savings is in tax advantaged. Approx 40-45% Roth and 55-60% traditional. Twenty years ago I did some large Roth conversions from a 401k rollover when they for a...
by JBTX
Fri Jan 11, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4261

Re: Are REITs better to purchase when interest rates are high or low?

It is a bit of a complicated question. From what I have read and seen, which may include some unreliable anecdotal perceptions (so take it for what its worth) 1. REITS tend to hold up fairly well during higher levels of inflation, because rents tend to increase with inflation. Nominal Interest rates...
by JBTX
Fri Jan 11, 2019 10:29 am
Forum: Investing - Help with Personal Investments
Topic: American Funds (No Loads) vs Vanguard Index Funds
Replies: 30
Views: 2116

Re: American Funds (No Loads) vs Vanguard Index Funds

Hello, I'm new to the Bogleheads forum, but I've read through several threads discussing the advantages of passively managed Vanguard index funds over actively managed mutual funds, even ones through American Funds that have been advertised as outperforming index funds consistently. However, all of...
by JBTX
Thu Jan 10, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Short trip to Orlando with my parents and children
Replies: 25
Views: 1522

Re: Short trip to Orlando with my parents and children

Been to Disney multiple times, grew up reasonably near parks. Since then tool kids several times. Hope to never have to do it again. Lines are almost always bad. There are really on a half dozen rides/attractions kids enjoy. There is a best way to do it, as to when to get there, where to go in, whic...
by JBTX
Thu Jan 10, 2019 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Advice - "Diversification/Simplification"
Replies: 6
Views: 449

Re: ROTH Advice - "Diversification/Simplification"

You have emerging markets but no international developed markets. Is that what you intended? Also your portfolio has a mid/small cap tilt, with allocations much larger than a market weight index. That is neither bad nor good, just making sure you understand this. If you want market weights the targe...
by JBTX
Thu Jan 10, 2019 12:25 pm
Forum: Investing - Theory, News & General
Topic: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)
Replies: 31
Views: 2592

Re: AQR Cuts Staff After a Bad Year

AQR’s U.S. mutual funds had outflows of $5 billion in the first 11 months of 2018, according to data from Morningstar Inc. Must be people who missed the part about sticking with a factor or alternative strategy through 10 or 20 years of under-performance. Probably thought they could make a quick bu...
by JBTX
Wed Jan 09, 2019 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Unlimited 2% Cash back
Replies: 38
Views: 2362

Re: Fidelity Unlimited 2% Cash back

We've had fidelity 2% cards for many years. Having said that I'm not sure of the benefit of you can get more on another card.
by JBTX
Wed Jan 09, 2019 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Complex situation, but 90k to play...sort of
Replies: 10
Views: 1177

Re: Complex situation, but 90k to play...sort of

Alright Bogleheads, appreciate your insight and opinions as always. Here is the breakdown: Assets: -90k in the combined savings and checking accounts (THIS IS WHERE I NEED HELP) -100k in my Roth (100% S&P 500 Index) -3k in Rollover IRA former employer (Vanguard Emerging Markets) -40k in brokerage (...
by JBTX
Wed Jan 09, 2019 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fees - what is good or bad
Replies: 7
Views: 535

Re: 401k Fees - what is good or bad

My tax bracket is about 25% federal and 5% state. Like I said, they offer some Vanguard admiral funds, I'm currently in one with about 0.07% expense ratio. Let's say that's the lowest because, ultimately, it's irrelevant. They offer a small subset of Vanguard funds, generally with good expense rati...
by JBTX
Wed Jan 09, 2019 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Talk the new guy off the 80 or 90% equities cliff!
Replies: 21
Views: 2856

Re: Talk the new guy off the 80 or 90% equities cliff!

Target 2035 is a good choice. Trying to get more aggressive and shooting for the moon isn't going to help you that much given the amount you are talking about. The most important thing is how much can you save and how long can you continue to draw cash from your business. While maybe you haven't sav...
by JBTX
Wed Jan 09, 2019 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Life transition, what's next
Replies: 25
Views: 2998

Re: Life transition, what's next

Given your low expenses you aren't in bad shape. $700K at a 4.0% withdrawal rate = 28000 per year = 2333 per month, which pretty much equals your living expenses (not sure if you included medical expenses or taxes, if any). Plus the social security and small pension. It isn't clear what your asset a...
by JBTX
Wed Jan 09, 2019 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4387

Re: Would your FIRE plan work had your journey started 1965?

It would be interesting to see the data. Apparently 4.0% worked through that time period. I suspect though it would have been pretty harrowing. By 1982 your withdrawal rate vs your remaining assets was probably uncomfortably high, but then the market started back up. That is one problem with a fixed...
by JBTX
Wed Jan 09, 2019 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth buying an global fund if the expense ratio is .82
Replies: 8
Views: 669

Re: Is it worth buying an global fund if the expense ratio is .82

http://quotes.morningstar.com/chart/fund/chart?t=OANIX®ion=usa&culture=en_US Historically that fund has done well vs a total international index, but in 2018 it got killed vs the index. They tend to be value oriented, and have a heavier presence than average for Europe, which probably accounts fo...
by JBTX
Wed Jan 09, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard quick to close accounts
Replies: 17
Views: 2415

Re: Vanguard quick to close accounts

Why not leave a small balance in the vanguard account?
by JBTX
Wed Jan 09, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Paying "cash" for auto - possibly w regular credit card?
Replies: 51
Views: 3573

Re: Paying "cash" for auto - possibly w regular credit card?

I just bought a 13k used and dealer let me put $10k on 2 credit cards. I was really surprised he let me do that. Once everything was done I told him (the finance guy) I was surprised he let me do that. He said he will probably take some flack from dealer management, but he will just say that is what...
by JBTX
Wed Jan 09, 2019 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 2785

Re: Too many credit cards?

Just find a 2% cash back card and roll with it. I have 15-20 cards, many opened for up front bonuses, others for ongoing rewards. The way I keep on top of them: 1. Set up all on autopsy 2. Set them all up in Quicken. Run/download transactions at least once per week. I rarely have to look at statemen...
by JBTX
Wed Jan 09, 2019 12:55 am
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7359

Re: Safe withdrawal rate at 38 years old

As a benchmark I put in this quote:

https://www.immediateannuities.com/clie ... 426337.pdf

For an inflation adjusted immediate annuity you would get 2.25% for 2 40 year olds.
by JBTX
Wed Jan 09, 2019 12:36 am
Forum: Personal Finance (Not Investing)
Topic: 401k Withdrawal to pay debt or keep hacking away
Replies: 13
Views: 790

Re: 401k Withdrawal to pay debt or keep hacking away

You really need to examine how you are spending your money. Until you fix that, you will always have a problem. I have reduced my spending and expenses a lot to less than 2.5k a month with 1.8k going to rent/utilities, but I haven't always had a six figure salary only most recently. Splitting my re...
by JBTX
Wed Jan 09, 2019 12:30 am
Forum: Personal Finance (Not Investing)
Topic: 403b allows after-tax contributions but not in-service distributions
Replies: 5
Views: 346

Re: 403b allows after-tax contributions but not in-service distributions

Thanks for the replies so far! The after-tax option provides a method to secure an employer match for a mid-year hire who already hit the elective deferral (pre-tax) limit for the year at a previous employer. Allowing in-service distribution is probably more costly to administer & demonstrate compl...
by JBTX
Tue Jan 08, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6421

Re: Child # 3 - seeking advice from older members

There seems to be some correlation with having special needs kids as parents get older. While unlikely, if you have a special needs kid the attention your other two will get will decrease dramatically. Also, while there are benefits to having kids while a little older, such as financial, when you ge...
by JBTX
Tue Jan 08, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: 403b allows after-tax contributions but not in-service distributions
Replies: 5
Views: 346

Re: 403b allows after-tax contributions but not in-service distributions

I would imagine in service distributions would add administrative work for employer and TPA. It could make testing more difficult to predict since you have amounts constantly coming in and out. (which is basically saying the same thing as above post) There could also be the perception that allowing ...
by JBTX
Tue Jan 08, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Withdrawal to pay debt or keep hacking away
Replies: 13
Views: 790

Re: 401k Withdrawal to pay debt or keep hacking away

Being single with $100k job should be able to knock that back pretty easily if you control spending, and you have a job. You really need to examine how you are spending your money. Until you fix that, you will always have a problem. Liquidating retirement accounts should be the absolute last resort....
by JBTX
Tue Jan 08, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 101
Views: 11457

Re: Ray Dalio’s latest fearmongering round

It’s interesting that some of his proposed bad scenarios are specially toxic to BogleHeads principles: Bonds are for safety No need for currency diversification away from dollar It won’t just be a debt problem this time around, he said, but rather a story about unfunded pension and health-care obli...
by JBTX
Tue Jan 08, 2019 11:00 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate how much to contribute to 401k to reach the maximum limit by years end?
Replies: 11
Views: 666

Re: How to calculate how much to contribute to 401k to reach the maximum limit by years end?

I missed the maximum 401k contribution for 2018 again by about 1k. Since my salary fluctuates each year (3% raise or loss of contract, etc) I often have to adjust my 401k contribution amounts a few times a year to try and make sure I contribute 18500 (it's 19000 in 2019). My employee won't do a "TR...
by JBTX
Tue Jan 08, 2019 10:00 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 101
Views: 11457

Re: Ray Dalio’s latest fearmongering round

The Dalio All-weather portfolio maybe makes sense for someone with millions who wants to preserve capital and not necessarily see huge growth with significant risk. Someone with only hundreds of thousands is better served by a Boglehead 3 fund portfolio. Backtesting says so. The collective wisdom h...
by JBTX
Tue Jan 08, 2019 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Need advice for further investments
Replies: 19
Views: 1320

Re: Need advice for further investments

I'm looking for suggestions/advice on what kinds of accounts to use if I've already maxed out my Roth IRA and am already contributing enough to get free employer contributions at work, but still have enough money left over to want to keep investing. The reason I DON'T want to contribute more into m...
by JBTX
Mon Jan 07, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20157

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Main problem is this is too little income for a HCOL area. That isn't a great salary for any kind of engineer, and spouse makes very little. Between mortgage and HOA you are almost 50% of income. Normally I'd say sell the house, but as articulated you may not save a lot of money. Perhaps move to a o...
by JBTX
Mon Jan 07, 2019 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10500

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

A lot of things I don't understand here: 1. Paying 25-30k for a wedding, in general 2. Paying 25-30k for a weeding when not you seem to make considerable amounts of money (pretty insane if you ask me). You don't even max your 401k? 3. Marrying someone without living in the same house for couple of ...
by JBTX
Sun Jan 06, 2019 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is my 529 glide path too aggressive?
Replies: 5
Views: 411

Re: Is my 529 glide path too aggressive?

I have $30k in a Utah 529 account for each of my two kids (age 10 and 12). I contribute $500/mo to each. I have both set to a "moderate" age-based option. But given how they getting closer to college-age and with the recent market volatility, should I move them to a "conservative" age-based option?...
by JBTX
Sun Jan 06, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: How often do you deep clean?
Replies: 52
Views: 2370

Re: How often do you deep clean?

No....
by JBTX
Sun Jan 06, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 69
Views: 5051

Re: Strategies to combat or justify lifestyle creep

Without knowing any financial specifics it is hard to know. At some point if you have enough saved up to weather any reasonable financial scenario then sure, go for it. One thing to consider is what impact does it have on DW and kids. If you splurge on car, will DW want to splurge on something else?...
by JBTX
Sat Jan 05, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: Getting AT&T to Stop Charging Me.......
Replies: 12
Views: 1042

Re: Getting AT&T to Stop Charging Me.......

With ATT (or other companies) when I get what are obviously overseas call centers my experience is usually much worse. While they are proficient in english, the communication is usually much less efficient, I find myself repeating myself quite a bit, and they are more rigid in following protocols an...
by JBTX
Sat Jan 05, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: Windows 10 / Office 2019 headache
Replies: 24
Views: 1574

Re: Windows 10 / Office 2019 headache

I initially resisted the idea of going to win 10. Many workplaces still used 7, and win 8 on my kids laptops was so different I hated it. But my pc died, and after unsuccessfully taking win 7 to factory settings and then doing 1,789,632 windows updates, I ended up getting a new PC with windows 10 an...
by JBTX
Sat Jan 05, 2019 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: VG advises 15% International Bonds (VTABX)... Why?
Replies: 48
Views: 3373

Re: VG advises 15% International Bonds (VTIAX)... Why?

...The BH case for including international bonds is pretty simple: they provide additional diversification to the portfolio, helping reduce the volatility of your portfolio without necessarily decreasing its return... 1) Do you seriously believe that a reduction in volatility from a standard deviat...
by JBTX
Sat Jan 05, 2019 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Which bond fund in 401(k)?
Replies: 4
Views: 462

Re: Which bond fund in 401(k)?

I'm trying to pick a bond fund or funds in a 401(k). My preference would be for Vanguard Total Bond, but that's not an option. Of the options I do have, all seem fine. And I don't expect it to make a huge difference in the grand scheme of things, but now that I'm forced to think about it, it's not ...
by JBTX
Sat Jan 05, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is the 4% rule/ index funds flawed?
Replies: 35
Views: 5334

Re: Is the 4% rule/ index funds flawed?

So I guess if you buy the U.S index fund you are betting on the U.S to continue being the highest growth/ best country overall, or atleast above average, would it be better to bet on another country like china for instance? Or possibly just buy the whole world index is the safest option as you are ...
by JBTX
Sat Jan 05, 2019 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2090

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

No, it would not be a smart move. I suggest traditional. Can you elaborate? Why do you feel traditional will be better going forward? This covers old ground, but jump ahead and fill out your tax return of the future. I am your future. I have very little in the way of Roth money and mostly 401(k) mo...
by JBTX
Sat Jan 05, 2019 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2090

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

Current accounts: 401K Tax Deferred - $575,000 Roth IRA - $63,000 Taxable - $200,000 I have nearly 10 times more tax deferred than I do Roth. Would it be a smart move to shift my $19,000 contribution for 2019 into Roth 401K instead of tax deferred? Age 34. Income around $140,000 to $200,000 this ye...
by JBTX
Sat Jan 05, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4043
Views: 1100893

Re: What Movie Have You Recently Watched?

VICE. My wife and I liked it very much. Both of us have a very negative view of Dick Chaney. The movie reinforced that. I'll wait till it gets to the small screen. Trying very hard to avoid politics here. While I may agree with some of your sentiments, I find some movies have an ideological slant a...
by JBTX
Sat Jan 05, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5465

Re: FAFSA - is it worth filling out?

I recently filled one out, but have very low expectstions of receiving anything as a result. It was fairly easy to fill out, and these days I have no illusion of privacy of personal data. I would get several emails every week from the high school reminding us to fill one out, and my kid bugging me ...
by JBTX
Sat Jan 05, 2019 3:42 pm
Forum: Personal Consumer Issues
Topic: Keeping old statements from closed accounts
Replies: 22
Views: 1895

Re: Keeping old statements from closed accounts

A few years ago I started downloading pdfs of statements to my pc and cloud backup such that I don't feel compelled to save paper copies. The FI will have a least several years of history available and possibly further back if you request it.
by JBTX
Sat Jan 05, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Health Ins for 26yr old : which state and options?
Replies: 6
Views: 384

Re: Health Ins for 26yr old : which state and options?

My daughter lives in Washington state, in the Seattle metro. If your step son is in the Seattle area, that is where I would look. They have more plans, both regular insurance as well as some Medicaid plans. My understanding is they look at past three months income for Medicaid qualification, so he ...
by JBTX
Sat Jan 05, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5465

Re: FAFSA - is it worth filling out?

I recently filled one out, but have very low expectstions of receiving anything as a result. It was fairly easy to fill out, and these days I have no illusion of privacy of personal data. I would get several emails every week from the high school reminding us to fill one out, and my kid bugging me t...