Search found 3213 matches

by JBTX
Sun Jun 24, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 78
Views: 8333

Re: I-bonds look pretty bad right now

How are we valuing the tax deferred nature of the IBond? This is something you don't get with bank CDs. It might be better to compare I Bonds to TIPS in a taxable account, since these both are real-return securities. The value of the deferral depends on your personal situation, and on the assumed i...
by JBTX
Sun Jun 24, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2500

Re: So much angst

Could you elaborate a bit on your weighted average ER of .075%. Everytime I try to do something similiar with target date funds I come up with at least double that. So for me I'm saving over 5G a year using admiral index funds and such. Well worth some angst. The 2025 fund is .08, the 2030 fund (wh...
by JBTX
Sun Jun 24, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2500

Re: So much angst

I'm tired of the angst around this. I'm certainly not alone with the angst. There's topic after topic covering, Why include international? Why include bonds? Are CDs a good alternative to bonds? Should I invest or pay down debt? DIY? Robo? But the fees or minimum cash! Target date? Do bonds go in t...
by JBTX
Sun Jun 24, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2500

Re: So much angst

Billthecat

BTW love your handle.

Your approach is very reasonable. All those other issues are fine tuning. People can get really wrapped around the axle on fine points here. They are interesting to debate but don't make much difference in the end.
by JBTX
Sat Jun 23, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: VBIAX vs. VWELX [Vanguard Balanced Index vs. Wellington]
Replies: 21
Views: 2122

Re: VBIAX vs. VWELX [Vanguard Balanced Index vs. Wellington]

Wellington has had a great run and is a good fund. It seems to be set up that it performs well in low/declining interest rate and inflation environments. Big cap stocks and corporate bonds just slightly lower on the quality scale The one brief time it underperformed was in late 70s when inflation an...
by JBTX
Sat Jun 23, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: taxable account advice
Replies: 3
Views: 361

Re: taxable account advice

If you have both growth and value index funds I'd just hold them and start putting new investments in whatever fund you see fit (total market index for instance)
by JBTX
Sat Jun 23, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Career Burn Out: Should I quit high paying job and take a sabbatical?
Replies: 33
Views: 2868

Re: Career Burn Out: Should I quit high paying job and take a sabbatical?

I'm not sure what to tell you. Did you like the first job of 4 years? Any chance to go back? Thanks for your comments and advice. Yes, I did like the job of 4 years, it was a big oil company so we had major layoffs the past few years as a result of the oil downturn. I would have stayed but there wa...
by JBTX
Sat Jun 23, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off and need some advice on steps forward
Replies: 12
Views: 977

Re: Laid off and need some advice on steps forward

I've been there a couple of times. Taking some time off can definitely be reinvigorating, but significant gaps do put you at a relative disadvantage. I've never been one to proactively look, I wait until I've milked a situation for all its worth, but then my transitions may be longer. Once you turn ...
by JBTX
Sat Jun 23, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Career Burn Out: Should I quit high paying job and take a sabbatical?
Replies: 33
Views: 2868

Re: Career Burn Out: Should I quit high paying job and take a sabbatical?

I'm not sure what to tell you. Did you like the first job of 4 years? Any chance to go back? Taking some time off may not be bad idea, but it has its risks. I don't think it is unusual after working non stop 10-15 years to really romanticize not working. You may have to go through it to figure out t...
by JBTX
Sat Jun 23, 2018 8:25 pm
Forum: Personal Consumer Issues
Topic: Desk Top Speakers Will Not Work
Replies: 12
Views: 469

Re: Desk Top Speakers Will Not Work

Did you try replacing the auxiliary cord from the speakers to the pc, or can you even do that? My daughter goes through auxiliary cords on her headphones all the time (until she got blue tooth)
by JBTX
Sat Jun 23, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Step 4 of 10 towards simplifying investments
Replies: 6
Views: 1032

Re: Step 4 of 10 towards simplifying investments

Just to clarify - are you suggesting that when I take in all assets (IRA, Roth & Investment Account(s) they should equal the target asset allocation? I’m just trying to get my head around this because when you combine all of the funds they are not all necessarily supporting the same goal Collective...
by JBTX
Sat Jun 23, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 518
Views: 31875

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

So my question is this, does this "rule" saying people will be in a lower tax bracket in retirement actually lead to misleading advise? For most people this is not misleading advice. Granted I'm still going with the Roth IRA and pretax 401k but I wonder if the traditional advise is correct for myse...
by JBTX
Fri Jun 22, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: College: extraneous expenses
Replies: 29
Views: 2399

Re: College: extraneous expenses

Hardcover books, ebooks, and subscriptions to specific textbook websites are expensive. Some textbooks have websites associated with them that provide practice questions and answers, but you have to pay an additional fee to access it. Often it is a requirement to have access to do the assignments. ...
by JBTX
Fri Jun 22, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Path
Replies: 2
Views: 214

Re: Investment Path

My wife and I have been browsing this forum for quite some time. We are blown away - not only by the amount of information contained here, but that complete strangers are willing to take the time to help others reach their investment goals. Very cool. Cheers to all who spend countless hours making ...
by JBTX
Fri Jun 22, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 27
Views: 1688

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

Should I perhaps obtain a life insurance policy on myself? The value of life insurance for a beneficiary with special needs is that the life insurance money WILL be there for your brother when you pass. Term life insurance may not accomplish this if you outlive your term :shock: I suppose you could...
by JBTX
Fri Jun 22, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 78
Views: 8333

Re: I-bonds look pretty bad right now

Many of the Bogleheads (including me) backed up the truck and loaded up on the old 3.0, 3.3, 3.4 and 3.6% fixed rate I Bonds and are now sitting fat, dumb and happy with nice returns on a risk-free investment. But those were the good old days that we may never see again. I'm waiting for those days ...
by JBTX
Fri Jun 22, 2018 1:17 am
Forum: Personal Finance (Not Investing)
Topic: 529 plan change of beneficiary and ownership
Replies: 11
Views: 578

Re: 529 plan change of beneficiary and ownership

Hello, Current state: -I recently opened a 529 account with NY with me as the beneficiary. -I have put in around 20K into it till now. Future desired state by the end of this year: -I would like to have two accounts one owned by me and other owned by my wife. -Each having contributions of around 15...
by JBTX
Fri Jun 22, 2018 1:10 am
Forum: Personal Finance (Not Investing)
Topic: 529 plan change of beneficiary and ownership
Replies: 11
Views: 578

Re: 529 plan change of beneficiary and ownership

A change of beneficiary to a younger generation is considered a gift from the account owner to the new beneficiary in the year of the change. I didn't know know that, thanks. It appears one could still apply gift exclusion, up to a point, correct? https://www.fa-mag.com/news/avoiding-section-529-pl...
by JBTX
Thu Jun 21, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/Roth 401K split
Replies: 5
Views: 468

Re: 401k/Roth 401K split

Mjar, It is actually a pretty complicated question, based upon a lot of factors, many of which are not listed in your post. As a general rule, for most people, it is probably better to put 401k into pretax (and take the tax savings and either put it in a Roth or taxable account). But it really depen...
by JBTX
Thu Jun 21, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan change of beneficiary and ownership
Replies: 11
Views: 578

Re: 529 plan change of beneficiary and ownership

Hello, Current state: -I recently opened a 529 account with NY with me as the beneficiary. -I have put in around 20K into it till now. Future desired state by the end of this year: -I would like to have two accounts one owned by me and other owned by my wife. -Each having contributions of around 15...
by JBTX
Thu Jun 21, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 27
Views: 1688

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

Should I perhaps obtain a life insurance policy on myself? The value of life insurance for a beneficiary with special needs is that the life insurance money WILL be there for your brother when you pass. Term life insurance may not accomplish this if you outlive your term :shock: I suppose you could...
by JBTX
Thu Jun 21, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 27
Views: 1688

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 ...
by JBTX
Thu Jun 21, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 155
Views: 10342

Re: What is/ was your career and would you recommend it now?

Accounting/Finance. I'd generally recommend it. You will just have to be adaptable and flexible. More and more turn the crank accounting activities will be automated and outsourced. However, the consultative aspects I suspect always be there. Also it will continue to demand more IT, systems and data...
by JBTX
Thu Jun 21, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Steep rise in "Old Age Dependency Ratio"
Replies: 15
Views: 1898

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: 29
Views: 3207

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: 759

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: 27
Views: 1688

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: 60
Views: 8092

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: 60
Views: 8092

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: 117
Views: 9206

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: 358

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: 60
Views: 8092

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: 60
Views: 8092

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: 477

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: 27
Views: 1688

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: 27
Views: 1688

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: 9765

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: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 11088

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: 129
Views: 7405

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: 51
Views: 3445

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: 95
Views: 7551

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: 95
Views: 7551

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: 9765

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: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 11088

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: 59
Views: 5034

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: 13407

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: 47
Views: 4179

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: 1385

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: 1385

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 ...