Search found 3190 matches

by JBTX
Thu Jun 21, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Steep rise in "Old Age Dependency Ratio"
Replies: 9
Views: 902

Re: Steep rise in "Old Age Dependency Ratio"

I've seen articles that we may soon get to a steady state of 1% real GDP growth due to aging demographics and slowing immigration. The natural results will be: 1. More older people working. We are already seeing that. 2. More reliance on technology for services 3 low unemployment rates 4. More diffi...
by JBTX
Thu Jun 21, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: is Ed Jones always bad news?
Replies: 22
Views: 1546

Re: is Ed Jones always bad news?

I recently encountered an Edward Jones guy who works for a friend and I was rather surprised at his level of knowledge and professionalism. Don't get me wrong I'd never use one nor recommend one but for some you might not be that bad if you get one with some integrity. For an older individual the co...
by JBTX
Thu Jun 21, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much to keep in the bank?
Replies: 5
Views: 492

Re: How much to keep in the bank?

I'm guessing you are asking in regards to your practice. I would keep on hand enough to make sure I could weather typical fluctuations in cash flow due to fluctuations in receivables (in your case mainly insurance reimbursements) and payables, plus a margin of safety. To the extent one has a line of...
by JBTX
Thu Jun 21, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 18
Views: 989

Re: Planning for long-term care of a brother with Autism? (Financial aspect)

What I have seen as a parent is ASD people often have an intense focus on what they are interested in. That's great, but that often doesn't correspond directly with what one needs to do to succeed in a nuerotypical world. While it is entirely possible that an ASD person has the aptitude to hold a jo...
by JBTX
Thu Jun 21, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 58
Views: 7459

Re: Merrill Edge best choice for higher net worth accounts?

As it stands right now a $250 bonus to transfer $100k doesn't really meet my threshold of worth doing. It would also net me about $300 a year more than my fidelity 2% card. Again not enough to move retirement investments back and forth. I look at it in terms of pay for effort. Moving assets these d...
by JBTX
Thu Jun 21, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 58
Views: 7459

Re: Merrill Edge best choice for higher net worth accounts?

Not Roth, only taxable for that. You might be able to put it in Roth, but it would be a contribution. To get the 75% rewards bonus, it has to either go into a BOA or Edge account. No, the Merrill Edge bonus for transferring over a Roth IRA goes into the Roth IRA (six months after the funds arrive) ...
by JBTX
Wed Jun 20, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 101
Views: 7524

Re: How much (green) cash at home for emergency ?

In Florida, it's best to have 8 or 10 red (or yellow) five-gallon containers of fuel for your car at home. When times get tough, merely having lots of cash won't help in this department... Never heard that before, and I’ve lived in Florida much of my life. Sounds like a potential disaster to me. We...
by JBTX
Wed Jun 20, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Continue 529 contributions or pay off rental RE?
Replies: 5
Views: 344

Re: Continue 529 contributions or pay off rental RE?

The answer would be totally dependent on the interest rate and whether interest is tax deductible (presumably it is).
by JBTX
Wed Jun 20, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 58
Views: 7459

Re: Merrill Edge best choice for higher net worth accounts?

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space. Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years? Yes, bonuses. It's at least $3000, but I'd have to go over my records to...
by JBTX
Wed Jun 20, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 58
Views: 7459

Re: Merrill Edge best choice for higher net worth accounts?

One of the great benefits of Merrill Edge that I recently became aware of is, you can use funds in your account as "reserves" for a child's down payment on a house (or your own, if need be). For instance, your child needs 20% down on a $500,000 house. Merrill will mark $100k as "reserved" in your a...
by JBTX
Wed Jun 20, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refund question and awful tax preparer
Replies: 2
Views: 442

Re: Tax refund question and awful tax preparer

Hey everyone, Quick question - my accountant screwed up my resident status in my 2016 returns so I asked him to help me file amended returns for tax year 2016. What happened was I under-paid NY state taxes and over-paid NJ state taxes initially (because of his ignorance), so after I filed amended r...
by JBTX
Wed Jun 20, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 18
Views: 989

Re: Planning for long-term care of a brother with Autism? (Financial aspect)

Hey all, I'm 33 years old. I have an older brother who is 35 years old, who has Autism Spectrum Disorder. He is "verbal" (can speak normally and such), but his social skills are very limited. He's tried to work at entry-level jobs but has been unsuccessful. My brother currently lives with my parent...
by JBTX
Wed Jun 20, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 18
Views: 989

Re: Planning for long-term care of a brother with Autism? (Financial aspect)

Hey all, I'm 33 years old. I have an older brother who is 35 years old, who has Autism Spectrum Disorder. He is "verbal" (can speak normally and such), but his social skills are very limited. He's tried to work at entry-level jobs but has been unsuccessful. My brother currently lives with my parent...
by JBTX
Tue Jun 19, 2018 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9676

Re: Messy Divorce -- Forensic Accounting Help....

You know the saying that "nobody ever wins a fight with a toddler?" You can't win an argument with a toddler. You can absolutely win a fight with a toddler. In fact, according to this diagnostic , I could win a fight with 31 toddlers :D A fight is exactly what OP has on his hands. I think it is nev...
by JBTX
Tue Jun 19, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 50: Should I?
Replies: 74
Views: 8588

Re: Retire at 50: Should I?

https://www.google.com/amp/s/amp.tennessean.com/amp/988260001 As to ACA with the individual mandate gone in 2019 it is entirely probable that the ACA plans will become unaffordable and the markets eventually unravel. People will move towards non ACA compliant plans, which kind of puts us back before...
by JBTX
Tue Jun 19, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 118
Views: 5956

Re: gray hair

When you are bald gray hair is not so much of a factor. I just shave it down with a hair trimmer.
by JBTX
Tue Jun 19, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 42
Views: 2558

Re: Will or Trust?

We have a revocable living trust, which in retrospect may not be needed but it is helpful in that my parents can make the trust as beneficiary and not worry about having to change beneficiary if I am hit by a bus. We have separate trusts set up for both kids, via the living trust, and they are set u...
by JBTX
Tue Jun 19, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 67
Views: 5180

Re: how to make friends in new location?

As to OP not sure exactly what level of swimming you are talking about but if she was a former competitive swimmer there are Masters Swimming programs in most urban areas. If she is swimming in 90 degree pools I'm guessing that is not what she is looking for (too uncomfortably warm for any level of ...
by JBTX
Tue Jun 19, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 67
Views: 5180

Re: how to make friends in new location?

I am pretty sure this is the totally wrong attitude. You could be right about the last paragraph referring to VictoriaF. But the rest of 2015's message can't be totally wrong. He is right that people become more lonely, in all age groups. People can feel lonely when they are surrounded by other peo...
by JBTX
Tue Jun 19, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9676

Re: Messy Divorce -- Forensic Accounting Help....

Really sucks you having to go through this. Given the serial infidelity and Complete lack of trust I assume the marriage is over. Given that, what is the point of trying to try to find all this money she got from boyfriends and parents? If it important to identify during the divorce process I am sur...
by JBTX
Tue Jun 19, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Retire at 50: Should I?
Replies: 74
Views: 8588

Re: Retire at 50: Should I?

By any reasonable calculation it is doable. But just to play contrarian... Is it absolutely necessary to stop working completely, right now? Go from 100mph to zero? Is there the potential for an extended "soft landing"? Restructure your job and make less work less? Part time consulting? Take extende...
by JBTX
Sun Jun 17, 2018 2:06 am
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 58
Views: 4617

Re: What are your hobbies?

Mid fifties but not retired. No real hobbies at the moment (besides this website and dabbling in Personal finance). Most of extra time relates to teenage kids and other domestic chores between jobs. Things I might like to do in retirement: Try to get back on regular exercise regimen Possibly become ...
by JBTX
Sun Jun 17, 2018 1:30 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13225

Re: Oh my! Cardone says we need $10m net worth

Fairly silly article with lots of holes. I would agree to be considered truly wealthy $10 million is a logical threshold. While I agree $1 million may not be enough, he ignores impact of social security. $40k swr+$30k SS = $70K is livable, although not at all extravagant. $5 million would give you s...
by JBTX
Sun Jun 17, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 46
Views: 3884

Re: Do you cancel old credit cards?

I keep them unless there is an annual fee, then I will see if it can be waived or maybe downgraded or else I will cancel. Eventually if there are some new ones that otherwise have no fee I may consider closing a few selectively. I absolutely won't close any no fee card approaching 10 years old or mo...
by JBTX
Sun Jun 17, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust
Replies: 20
Views: 1372

Re: Special Needs Trust

"Could one simply put in $15k per year every year into the ABLE once child turns 18 to fund much of the annual food and shelter not covered by a SNT?" Yes, that is the point. They can spend that amount additionally per year without it reducing their entitlements. What I am asking is could the contr...
by JBTX
Sat Jun 16, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust
Replies: 20
Views: 1372

Re: Special Needs Trust

One simpler option to consider is a 529 ABLE Account. They work much like 529 plans; some states even provide state income tax deductions for contributions to them. Funds that remain in the account grow tax-deferred and can be withdrawn tax-tree when used for the beneficiary. An attractive part of ...
by JBTX
Sat Jun 16, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust
Replies: 20
Views: 1372

Re: Special Needs Trust

The trust for the child with special needs is for the most part the same as the trust for the child without special needs. The difference is that, depending on the nature of the disability, the child with special needs may have a lesser degree of control (or no control at all) over his/her trust. W...
by JBTX
Sat Jun 16, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1834

Re: Taxation for free-lancers

Hi BHers, DW would be starting a freelancing job that will potentially pay her $1000 or more a month. We are married filing jointly. I had a couple of questions that it would be great if you could a answer: 1. Can my wife continue to file a joint return with me? Or does it make sense to file separa...
by JBTX
Fri Jun 15, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Self-employed -- employer contributions
Replies: 7
Views: 408

Re: Self-employed -- employer contributions

In self-employment, I have maxed out the following: HSA, Roth IRA, and the employee side of my solo 401k (18.5k). The only tax advantaged space I have left is the employer side, which can be up to 20% of my income because I am a sole proprietor. I am struggling a bit with the 'order of operations' ...
by JBTX
Fri Jun 15, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519664

Re: What's Your Credit Card Rewards Strategy?

Your Walgreens doesn't have gift cards? Some 7-11 stores also code as gas stations, so you can grab gift cards from there, that's what I did during last year's gas station quarter. I don't churn to the point of buying gift cards unless I have a specific, targeted purchase in mind. Just one level mo...
by JBTX
Fri Jun 15, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519664

Re: What's Your Credit Card Rewards Strategy?

As to Walgreens does anybody know the cash back percent for Walgreens on the Amex blue cash 6% grocery card?
by JBTX
Thu Jun 14, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: "Bad" 401K or Taxable Account
Replies: 11
Views: 1077

Re: "Bad" 401K or Taxable Account

I'd probably still do the 401k. Chances are you won't be there forever and will be able to roll it over to a rollover ira or another 401k, or if the tax rate is low enough maybe a Roth conversion. Or maybe split the difference and do some taxable and some 401k. One good thing about a 401k is you pro...
by JBTX
Thu Jun 14, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 6900

Re: Boring Job

This has happened to me quite a few times during a career. The nature of how I work is I tend to fund ways to do things more efficiently. It's kind of a tricky situation and there is nothing worse than boredom at work. My experience in asking for more work typically hasn't yielded more work. It ofte...
by JBTX
Wed Jun 13, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 41
Views: 5828

Re: Vaguard - You'll need to sign up for security codes soon

Vanguard needs to really add TOTP software security tokens instead of just SMS. And not the silly Symantec VIP nonsense, which ties you to a single vendor. It's great they support U2F Fido hardware tokens. I'd buy a Yubikey except I don't 100% trust the security of USB. Just curious, what is it abo...
by JBTX
Wed Jun 13, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 36832

Re: Bogleheads, tell me about your 40's?

If you have kids, and if you and your spouse work full-time, then your 40's will be a blur. Being 52, I'm actually glad that decade is over. I was busy all the time. Now, one kid in college, and another kid soon to go, I have more time....and it's nice. One other thing. If you have lead a fairly se...
by JBTX
Wed Jun 13, 2018 12:39 am
Forum: Investing - Theory, News & General
Topic: Why does CAPM make sense?
Replies: 23
Views: 1032

Re: Why does CAPM make sense?

CAPM is just a conceptual framework. I don't think it is meant to be a highly accurate predictor of the future. Eh, I don't follow why the axioms of the framework make sense, and I have not seen a good reason so far noted here either. But even if the former is somehow the case, why do people keep q...
by JBTX
Wed Jun 13, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Why does CAPM make sense?
Replies: 23
Views: 1032

Re: Why does CAPM make sense?

Been decades since I studied it, but simplistically - More volatile groups of stocks, like tech go go growth stocks, small stocks, etc, tend to have higher betas. They tend to rise faster and fall harder, and tend to have higher returns - long term, as a group. To a large degree, market movements a...
by JBTX
Wed Jun 13, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: Why does CAPM make sense?
Replies: 23
Views: 1032

Re: Why does CAPM make sense?

Been decades since I studied it, but simplistically - More volatile groups of stocks, like tech go go growth stocks, small stocks, etc, tend to have higher betas. They tend to rise faster and fall harder, and tend to have higher returns - long term, as a group. To a large degree, market movements ac...
by JBTX
Tue Jun 12, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8612

Re: Getting killed on taxes - any ideas?

Not sure why some are so hostile to the OP. Jealousy? OP, I don't think there is a lot you can do if you are already maxing your tax deferred accounts. I would advise to consult a good tax advisor - i doubt there will be any magic bullets but at your income it is worth a look. As somebody else ment...
by JBTX
Tue Jun 12, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8612

Re: Getting killed on taxes - any ideas?

Not sure why some are so hostile to the OP. Jealousy? OP, I don't think there is a lot you can do if you are already maxing your tax deferred accounts. I would advise to consult a good tax advisor - i doubt there will be any magic bullets but at your income it is worth a look. As somebody else menti...
by JBTX
Mon Jun 11, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11125

Re: Are you including SS in your planning model? Are the benefits really that high?

It was supposed to run out by 2003. Then it was supposed to run out in 2015. The latest I heard is that it was going to run out in 2025. So this is great news if we now know it is going to run out in 2034. ... ... I only bring this up because your post indirectly implied that the situation might pa...
by JBTX
Sun Jun 10, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 2412

Re: How much to invest in elementary education?

It's really hard to say for any particular situation without knowing the exact specifics. But my take is for the most part your child will rise to her potential regardless. There have been some studies that generally bear that out. Worst case Look at it this way. Go to the local public school and hi...
by JBTX
Sun Jun 10, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 449
Views: 99704

Re: Anyone regret paying off mortgage early?

Mid 50's and have $160k mortgage at 3.25. Will not be paying off any time soon. Did a refinance a year ago for remodel and if I had it to do again I would have done more. most people don't really get that a mortgage essentially has a one way option in your favor. If rates go up you are locked in at ...
by JBTX
Sun Jun 10, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11125

Re: Are you including SS in your planning model? Are the benefits really that high?

CBS Chicago 2: New Study: Social Security Reserves Could Run Out By 2034 How is that new? +1 It was supposed to run out by 2003. Then it was supposed to run out in 2015. The latest I heard is that it was going to run out in 2025. So this is great news if we now know it is going to run out in 2034. ...
by JBTX
Sat Jun 09, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - fidelity vs. vanguard
Replies: 20
Views: 1290

Re: Solo 401k - fidelity vs. vanguard

I have vanguard. It has Roth IRA option. You can actually choose year to year whether employee contributions go to traditional or Roth. I transfer money directly from Bank of America checking account. Not having access to admiral shares is a downside but a fairly small one. As spirit horse said it h...
by JBTX
Thu Jun 07, 2018 9:57 pm
Forum: Personal Consumer Issues
Topic: Don't make the mistake I made (Telemarketing hell)
Replies: 67
Views: 8592

Re: Don't make the mistake I made (Telemarketing hell)

I use Nomorobo on the land line and it has been highly effective. Very few get through. There has been a time or two a wanted robo got blocked, like a school district auto message, but if you just scroll your call history every once in a while you can spot them and white list them. For Mobile I have...
by JBTX
Thu Jun 07, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 3774

Re: Death - Prediction

This should be interesting.
by JBTX
Thu Jun 07, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14780

Re: Paul Merriman and Small Cap Value

I finally got around to moving some stuff around and going towards a modest small cap tilt. The thing I found attractive is in 2 of the 3 really bad periods over the last 50 years SCV has held up very well - in the late 70's inflation scare and in 2000. Of course, 2008 was another story. SCV will pr...