Search found 4223 matches

by JBTX
Tue Dec 18, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 132
Views: 23110

Re: Spreadsheet to show how taxable SS benefits will affect you

Can anyone explain the lines on the graph (both red) labeled "Cost" and "Of?" Totaly mysterious, like words were truncated. A useful graphic representation of inflation would be to enter an inflation amount, and a number of years, and create a graph showing your marginal rate as a line chronologica...
by JBTX
Tue Dec 18, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Non-budgeters: How do you handle large purchases?
Replies: 18
Views: 801

Re: Non-budgeters: How do you handle large purchases?

I've created budgets occasionally but rarely use them or stick to them. For large expenditures, such as cars or remodels, or end of year retirement account contributions, I may do a very high level cash forecast over a few months, or sometime years. Current cash, expected ongoing increases in cash (...
by JBTX
Tue Dec 18, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 61
Views: 3430

Re: Is anyone's portfolio not tanking???

From its highest point, we are down 4-5%, but that includes some additional savings. Maybe down 5-7%? That doesn't particularly bother me.
by JBTX
Tue Dec 18, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Tire damage question
Replies: 10
Views: 525

Re: Tire damage question

I wouldn't worry about it. 20 miles isn't that far.

If you had drove hundreds or thousands of miles, you would probably show some uneven wear on the edges.
by JBTX
Tue Dec 18, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 80
Views: 3244

Re: Kid schooling - not learning much academically. Looking for suggestions.

Thank you for the suggestions. We have looked at public schools. The general comments I received from other parents are "public schools goal is to bring less able students to certain acceptable level". However, if he is not learning much at current school, there is no harm moving to public school. ...
by JBTX
Tue Dec 18, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 132
Views: 23110

Re: Spreadsheet to show how taxable SS benefits will affect you

I made some edits to the Hump file. File is linked below https://www.filehosting.org/file/details/771167/TheHump-Revised%202018.xlsx - I updated tax rates. - I put in functionality to choose between new tax law and prior tax law (with brackets increased for inflation) - I put in functionality that ...
by JBTX
Tue Dec 18, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 132
Views: 23110

Re: Spreadsheet to show how taxable SS benefits will affect you

I made some edits to the Hump file. File is linked below https://www.filehosting.org/file/details/771167/TheHump-Revised%202018.xlsx - I updated tax rates. - I put in functionality to choose between new tax law and prior tax law (with brackets increased for inflation) - I put in functionality that a...
by JBTX
Mon Dec 17, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 132
Views: 23110

Re: Spreadsheet to show how taxable SS benefits will affect you

Do the spreadsheet cells titled "Taxable SS Limits" mean to say "SS Base Amount" as per: https://www.irs.com/articles/how-are-social-security-benefits-taxed The base amount (also referred to as the “base exemption”) for each filing status is as follows: $25,000 for single, head of household, or qua...
by JBTX
Mon Dec 17, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 24
Views: 976

Re: Yet another Roth vs Traditional 401k thread

If I were at home I may try plugging some numbers into the hump and seeing what marginal rates are. But given you have comparatively little Roth vs traditional and you expect income to be high for a while, and tax rates are scheduled to increase in 2026, I'd probably do some more Roth.
by JBTX
Sun Dec 16, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 184
Views: 13097

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

The discussion is derailing into a general debate on impacts of the mandate, as well as conjecture on the reintroduction of pre-existing conditions. Please stay on-topic, which is the impact of the court ruling on your own situation. I'm not sure there is really anything that can or should be done ...
by JBTX
Sun Dec 16, 2018 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k has no bond index fund options
Replies: 14
Views: 923

Re: My 401k has no bond index fund options

Just to note this upfront: there's no significant reason to split your target-date fund into constituent parts. The difference between 0.15% and 0.05% is minuscule. If you really wanted to, though, you could use a 2015 or retirement income target-date fund to get your bond allocation and then put t...
by JBTX
Sun Dec 16, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 184
Views: 13097

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

In the same way, if upheld, the entire tax cut bill could also be deemed to be unconstitutional because the elimination of the mandate penalty was a central part of that bill. A law won't be ruled as unconstitutional just because it conflicts with an existing law. In this case, the ACA is not part ...
by JBTX
Sun Dec 16, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1414

Re: Roth or Trad 401k - 24% bracket

Ben Mathew, What marginal tax rate do you refer to? OP is contributing to Backdoor Roth too. At this stage, OP does not have enough in the tax-deferred account to worry about marginal tax rate at withdrawal. To hit 24% at withdrawal, OP needs about 4.5 million, For 32%, he needs 8.4 million KlangFo...
by JBTX
Sun Dec 16, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1414

Re: Roth or Trad 401k - 24% bracket

Ben Mathew, OP can switch to Roth 401K when the tax-deferred account is at 1 million or larger. He does not have to stay at Trad 401K over 36 years. Going with Trad 401K in the early part of his life let him build up his portfolio quickly. It is very useful if life happened. KlangFool A fair point....
by JBTX
Sun Dec 16, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 104
Views: 8685

Re: I made a mistake by not selling when the market was high this year

I made another big mistake. I should have taken some gains earlier this year when I had the chance. It seems to me that 10 months of great growth for 2018 has been wiped out in the past few weeks. I don’t have a good question. Just wondering if anyone else is in the same boat. Is this the beginning...
by JBTX
Sun Dec 16, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 2026

Re: Fidelity Contra Fund

I've had contrafund in retirement accounts for decades. I've hung on to it, but continue to contemplate reducing my stake. It is probably less than 5% of total portfolio.
by JBTX
Sun Dec 16, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1414

Re: Roth or Trad 401k - 24% bracket

Given that my income will likely continue to grow at this point throughout the rest of my career, and that I plan to have no debt by the time I retire, I highly doubt my retirement tax bracket will be as high as it is now (I.e I won’t need nearly as much money to live off of). Even if you don't nee...
by JBTX
Sun Dec 16, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1414

Re: Roth or Trad 401k - 24% bracket

1) Roth 401K is a mistake for almost 90+% of people. While I agree that in this case traditional is likely better for OP given his 32% tax bracket, sweeping statements such as the one above are not helpful. Roth vs traditional is based upon numerous assumptions, some of which that are specific to t...
by JBTX
Fri Dec 14, 2018 11:07 pm
Forum: Investing - Theory, News & General
Topic: "The Academic Argument for Expensive Mutual Funds"
Replies: 13
Views: 1139

Re: "The Academic Argument for Expensive Mutual Funds"

If expensive funds outperform index funds ( before expenses) then some other set of active investors has to be underperforming index funds. Presumably cheap active funds? Pension funds? I just dont buy it. It doesnt make sense.
by JBTX
Fri Dec 14, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: "The Academic Argument for Expensive Mutual Funds"
Replies: 13
Views: 1139

Re: "The Academic Argument for Expensive Mutual Funds"

"We show that after controlling for exposures .... high-fee funds significantly outperform low-fee funds before expenses. " While I'm skeptical of the whole result, the above statement makes it practically useless anyway. You can't get high fee funds "before expenses". Presumably if you buy into it...
by JBTX
Fri Dec 14, 2018 10:37 pm
Forum: Personal Consumer Issues
Topic: Question on dryer vent cleaning
Replies: 29
Views: 2491

Re: Question on dryer vent cleaning

I have it done once a year. By then the dryer starts to take longer. We have a long and bent path up to the roof for the vent. I think they charge $125. They clean from the bottom of vent that attaches to dryer, then go into attic and take it apart and clean from middle and go up on the roof make su...
by JBTX
Fri Dec 14, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: Ditch your index funds --- riiiiight
Replies: 8
Views: 1454

Re: Ditch your index funds --- riiiiight

"I think you should focus on companies with low debt levels. The companies that get hurt the most when the economy slows are high-debt companies," he said. "This is now a stock picker's market , so it's time to ditch your index funds." I can't count how many times I have heard this ridiculous state...
by JBTX
Fri Dec 14, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Investing in bonds while you still have a mortgage
Replies: 13
Views: 1369

Re: Investing in bonds while you still have a mortgage

I have a client who asked me the age-old question: "I just received $500,000 through (inheritance/lottery/sale-of-business/found-it-on-the-street). Should I invest it or pay off my mortgage?" (About this couple - both are 65, mortgage interest rate is 5.25%, current yield on AGG is 2.6%. They just ...
by JBTX
Fri Dec 14, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: What is the worst 30 year rolling return in history? Could 2000-2030 be worse?
Replies: 20
Views: 2657

Re: What is the worst 30 year rolling return in history? Could 2000-2030 be worse?

given that 2000 had the highest US valuations in history and has generally been considered the biggest US stock bubble, the chances that the 30 year returns after it are the worst in history are certainly greater than zero. (in other words, yes) But 18 of those years have passed so it doesn't really...
by JBTX
Fri Dec 14, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds 401k - Target Date or do it myself
Replies: 5
Views: 225

Re: American Funds 401k - Target Date or do it myself

http://portfolios.morningstar.com/fund/summary?t=AAMTX®ion=usa&culture=en_US .42 is a pretty good expense ratio for American funds. From what I have seen, they generally track the indices pretty closely, and are better than most other active funds. 2055 is about 85% equities, so I am not sure wha...
by JBTX
Fri Dec 14, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 1933

Re: Am I Investing Too Much?

You haven't posted any information that would help answer the question. If you are 21, you are off to a great start. If you are 64...well, good luck!

I am not sure you can ever save too much. It is much easier to save now, and if you determine you have too much down the road, then stop saving.
by JBTX
Fri Dec 14, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Roth IRA
Replies: 6
Views: 617

Re: Advice on Roth IRA

3. I read that you should preferably put tax-inefficient investments in Roth IRA. Would an index fund be a poor choice then? I don't have a portfolio plan yet with asset allocations all worked out (still learning!), but the eventual plan would be to balance my allocations across different accounts....
by JBTX
Thu Dec 13, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 29
Views: 2787

Re: Social Security Claiming dilemma-Would love opinions

I only discovered the SS site today, and am not an expert, so take my post for nothing more than entertainment value! I suspect the reason it says for you retire earlier, is that it allows for your wife to start spousal benefits at 50% of your value earlier. Per actuarial tables you both will probab...
by JBTX
Thu Dec 13, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Kudos to Mike (OpenSocialSecurity)
Replies: 10
Views: 1349

Re: Kudos to Mike (OpenSocialSecurity)

Do you have any variants for children with disability? If our child is deemed disabled at our retirement age, once one of us files he could switch from SSI to SSDI...I think. All else equal, I would think it could accelerate when the first one retires, in order to draw higher benefit for child at a...
by JBTX
Thu Dec 13, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Kudos to Mike (OpenSocialSecurity)
Replies: 10
Views: 1349

Re: Kudos to Mike (OpenSocialSecurity)

Just noticed the opensocialsecurity calculator ( https://opensocialsecurity.com ) got a mention on page 10 of the December AARP Bulliten as a good online tool to help plan your retirement finances. Kudos, Mike! :beer Thanks, One Ping! I hadn't seen the mention in AARP yet (a little too young to be ...
by JBTX
Thu Dec 13, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21723

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

Although the horse is sufficiently beaten and now thoroughly dead, that has never stopped me before! :D Net Worth - by definition, it is assets minus liabilities. Period. Similar to Equity on a balance sheet. This is not debatable. Investment - FWIW, if you look at the definition of GDP, personal ho...
by JBTX
Thu Dec 13, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Kudos to Mike (OpenSocialSecurity)
Replies: 10
Views: 1349

Re: Kudos to Mike (OpenSocialSecurity)

Don't know if anybody knows, but what are his present value/discount rate assumptions? Also, does he try to assign probability of living to each age value? How does he determine what is "optimal"? I would think if you live long enough delaying will always be better, but obviously your chance of surv...
by JBTX
Wed Dec 12, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Our mentor [Jack Bogle] advises to "buy bonds" for protection in current market
Replies: 61
Views: 5886

Re: Our mentor advises to "buy bonds" for protection in current market

Bogle is a man who has amassed a huge body of experience, knowledge and wisdom. Unlike some of those who appropriate his name and apply it to simplistic 25 words or less sayings that are supposed to relieve people of the need to know anything about the securities they invest in, he stays awake and ...
by JBTX
Wed Dec 12, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 56
Views: 6897

Re: Recession Coming

Seems to me you can make a pretty good case...interest rates rising, accelerating economy at full employment, GDP growth rate higher than a long term steady state growth rate given our demographics, etc. But I have no special insight. I don't invest differently. As to the CFO survey, I'm skeptical t...
by JBTX
Wed Dec 12, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3956

Re: Donate to homeless?

This time of year homeless panhandlers seem more visible than ever with the weather cold and holidays approaching. Today a lady on the sidewalk asked me how I celebrate - Christmas, Kwanza or Hannukah? Is it a good idea to give a couple dollars to such people? Seems quite mean to ignore them. What ...
by JBTX
Wed Dec 12, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17934

Re: What Happened to you during the Financial crisis of 2007–2008

Portfolio/net worth dropped by about 50%, but it more than recovered later. What did I learn? I had always been underweighted bonds. Would have been nice to have more. Sometimes diversification doesn't help that much. Most types of risky assets classes fell a lot. I had weathered the 2000 drop bette...
by JBTX
Wed Dec 12, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Why I use Roth for bond instead of stock. Please correct me...
Replies: 54
Views: 4287

Re: Why I use Roth for bond instead of stock. Please correct me...

After searching and reading a tons of discussions on Roth vs Taxable for bond or stock vs bond in Roth, I decided (tentatively) to use our Roth IRA space for bond. Here're 3 factors contributing to my decision. 1) I'm not guaranteed to earn 15% on stock, but guaranteed to pay tax on bond if it's in...
by JBTX
Tue Dec 11, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3956

Re: Donate to homeless?

This time of year homeless panhandlers seem more visible than ever with the weather cold and holidays approaching. Today a lady on the sidewalk asked me how I celebrate - Christmas, Kwanza or Hannukah? Is it a good idea to give a couple dollars to such people? Seems quite mean to ignore them. What ...
by JBTX
Tue Dec 11, 2018 9:06 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3956

Re: Donate to homeless?

Don’t give money to the homeless. Just wait for them to get so desperate that they snatch an inocent persons purse or they’re in your backyard trying to get into your house. Seriously, what difference does it make to you what they do with the $5 they spent 4 hours panhandling for? FWIW, we had a po...
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: 309
Views: 21723

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: 20
Views: 2551

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: 59
Views: 7175

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: 48
Views: 2124

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: 48
Views: 2124

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: 48
Views: 2124

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: 48
Views: 2124

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: 48
Views: 2124

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: 48
Views: 2124

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: 36
Views: 4941

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: 479

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...