Search found 3991 matches

by JBTX
Mon Oct 22, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bad news for alternate payees
Replies: 3
Views: 643

Re: Bad news for alternate payees

Spouses who receive a marital settlement consisting of defendant's ERISA protected 401k or their IRA account will forfeit creditor protection on those accounts. I think this decision will likely be appealed. https://www2.ascensus.com/news/industry-regulatory-news/2018/10/19/appellate-panel-finds-re...
by JBTX
Mon Oct 22, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 142
Views: 10980

Re: PSA: Don't buy a big house

A lot of puzzling posts in this thread. We have lived in North TX 20+ years. We have a 2600 foot house, and I would say for people at or near our income level that is very small. Houses over 3000 Sq ft are not at all uncommon. I never considered 3500 Sq feet a mcmansion. You have to get much bigger ...
by JBTX
Thu Oct 18, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5083

Re: Spoke with a CFP...underwhelming!

I have a family friend who is a CFP in the local area, and I've always been curious to talk to him, as I've only learned from reading, forums, blogs, etc. I was always eager to hear his take on where I stand, and his thoughts. I finally spoke with him yesterday afternoon, and it was a bit underwhel...
by JBTX
Thu Oct 18, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 2890

Re: Top stocks of 2000 trail the market over the next 18 years

I can't imagine how an investment in "S&P lower 490" would be a good investment long term. Why? Do you believe that the top ten stocks will outperform the other 490? If you go back far enough you could probably eliminate most of the s&p 500. I think the answer is eliminating the top 10 will only be...
by JBTX
Thu Oct 18, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 2890

Re: Top stocks of 2000 trail the market over the next 18 years

Well if none of the top 10 are still in the top 10 it's pretty much a lock that they suffered lower returns than average.

The problem with excluding the top 10 is you miss an apple Google or Amazon going from 10 to 1,2 or 3, and that could be a lot of missed upside.
by JBTX
Wed Oct 17, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3946

Re: Approach to rescinding a job acceptance

Personally I would call. I'd apologize for the inconvenience you may have caused but say you have to do what is in you and your families best interest and have decided to stay with your current employer. I'd thank them for their time and the say that you are greatly appreciative of the opportunity. ...
by JBTX
Tue Oct 16, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Does Lifestrategy make sense in Roth IRA's
Replies: 26
Views: 3128

Re: Does Lifestrategy make sense in Roth IRA's

No one has been able to tell me exactly what the cost (for the inefficiency) would be. It would nice if I could find out. Everyone (including me) says that a given portfolio is efficient. And I believe that. But how does one figure out how much $$ is lost with putting bonds in Roths (with Lifestrat...
by JBTX
Tue Oct 16, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10802

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

In conclusion, if you folks are content with following the herd about international investing without doing any investigation, then by all mean. Better you than me. What does the herd do? My impression is that U.S. investors overall are heavily tilted toward the U.S. in their equity investing, but ...
by JBTX
Tue Oct 16, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10802

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

To save everyone the effort of repeating all the back and forth that has happened on the prior threads I will summarize the counter arguments: 1) The future may not look like the past 2) Australia has outperformed the US historically 3) Plenty of good companies outside the US too 4) If you are okay...
by JBTX
Tue Oct 16, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3446

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

Or buy calls and puts at the same time. Cash out on winners before year end and losses after year end.
by JBTX
Tue Oct 16, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3446

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

Just a thought, not sure how workable it is. Gambling winnings are taxable. Obviously when you gamble sometimes you win and sometimes you lose. Gambling winnings are taxable and raise agi and losses are only deductible to the extent that offset winnings and you itemize them. Most people can't itemiz...
by JBTX
Mon Oct 15, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10331

Re: Short Term Bond yield over 3%

I was in my accounts today and noticed that the SEC yield on the Vanguard Short Term Bond Fund (Admiral: VBIRX) is 3.01% :happy This is the fund where I am holding our living expenses for the first next two years of retirement (out years are in intermediate term). Last 12 month inflation was 2.7%. ...
by JBTX
Mon Oct 15, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3761
Views: 1069471

Re: What Movie Have You Recently Watched?

Atomic Blond on either HBO or Netflix. I thought this movie was amazing with the use colored lights and one of the best fight scenes I've seen. It was like a live action pop art with great visual composition of each scene. Whoever did the wardrobe needs an award too. The stairwell fight scene was m...
by JBTX
Mon Oct 15, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10331

Re: Short Term Bond yield over 3%

I was in my accounts today and noticed that the SEC yield on the Vanguard Short Term Bond Fund (Admiral: VBIRX) is 3.01% :happy This is the fund where I am holding our living expenses for the first next two years of retirement (out years are in intermediate term). Last 12 month inflation was 2.7%. ...
by JBTX
Sun Oct 14, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to Invest 10 Million Portfolio at 40 without income
Replies: 56
Views: 8707

Re: Best way to Invest 10 Million Portfolio at 40 without income

alphamale12, You're trying to do too much at once. Your forum name and thread title - together with various MBA buzz phrases re. NPV etc. - say it all. Congrats on your success so far, your LBYM approach to the "lifestyle creep" that affects so many others in your profession, etc. Contrary to your ...
by JBTX
Sun Oct 14, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 9649

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

Part time or full time, whichever tickles your fancy. Also it doesn’t necessarily have to earn $1000/month. It could be more or less, as long as it’s not zero. Personally, I think I would enjoy being a teacher, but haven’t really thought about this in depth, so I figured I’d ask all of you :) Depen...
by JBTX
Sun Oct 14, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 207
Views: 116384

Re: How to pay ZERO taxes in retirement with 6-figure expenses

OK, provocative thread title. Let's see if it holds water. The setup: Married, filing jointly, ages 55. They need $100,000 a year after-tax to pay for expenses. Typical rule of thumb is that the sustained withdrawal rate from a portfolio is 4%, but they also have the possibility of Social Security ...
by JBTX
Sun Oct 14, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 3063

Re: Better to invest in taxable and not deferred?

The argument presented to OP generally doesn't work because a Roth IRA has zero taxes, vs taxable has capital gains taxes. One could argue that in specific (and rare) circumstances a taxable may beat a traditional tax deferred 401k, but it almost never would beat a Roth, except - You are somehow abl...
by JBTX
Sun Oct 14, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1643

Re: Does anyone invest in commodities through an index?

I like the idea of having some commodities as a hedge, in theory, and I do have a couple of funds, but they are such a small percent of my portfolio they are relatively immaterial. The thing that is the most unnerving to me is the whole contango concept - in that it is difficult to match the quoted ...
by JBTX
Sat Oct 13, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: I'm an employer looking to get the best 401k deal for my employees!
Replies: 17
Views: 1218

Re: I'm an employer looking to get the best 401k deal for my employees!

We are in the process of switching to Vanguard on Ascensus platform. Partnered up with a local small company 401k advisor to help provide Fiduciary oversight.
by JBTX
Thu Oct 11, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7163

Re: My life saved by New subaru. Almost died.

I hope this story meets criteria. I recently purchased subaru outback w all bells whistles. I asked for advice here and appreciate it. Yesterday i was driving high way and pulled up to crest of a small hill. The road is a part of the city. I was driving early am to shoot an Ad for tv. Almost to the...
by JBTX
Thu Oct 11, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Unknown financial gift from relative
Replies: 8
Views: 1105

Re: Unknown financial gift from relative

I wouldn't think it would be possible to change ownership of an investment to somebody (via gift or anything else) and it not be known to the new owners very quickly. I would think you would get statements or other information in the mail. At one level it is irritating when a financial gift is given...
by JBTX
Thu Oct 11, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: 5 ways target-date funds let investors down
Replies: 38
Views: 3443

Re: 5 ways target-date funds let investors down

And for the record, from 1998 until today (20 years), SCV has outperformed TSM by 1.77% annualized. willthrill81 And for the record TSM has outperformed SCV for the past 1yr, 3yrs, 5yrs and 10yrs. No one knows which fund will outperform in the future. Best wishes Taylor True enough, although SCV ha...
by JBTX
Thu Oct 11, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: 5 ways target-date funds let investors down
Replies: 38
Views: 3443

Re: 5 ways target-date funds let investors down

Didn't read article but just off the top of my head: (1) Can't utilize placement of assets based on tax efficiency across all accounts (bonds in tax advantaged accounts only for example); moreoever, (1B) some people can genuinely withstand 100/0 AA in the beginning. 10% bonds at the beginning of th...
by JBTX
Thu Oct 11, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 79
Views: 5734

Re: Anyone done a Hair Transplant?

Decades ago I went through what you did. At the time it was a drag. There were certain people who would keep looking up at the top of my head during conversations. Also, it did make dating more difficult. Some women didn't care, but I think most did. Over the years just started cutting it shorter an...
by JBTX
Thu Oct 11, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Potential “tax wash” Roth conversions during big market drops?
Replies: 11
Views: 970

Re: Potential “tax wash” Roth conversions during big market drops?

If you are paying 22% to do a Roth conversion, the only way to come out ahead is if your marginal rate when withdrawing from your tIRA would be greater than 22%. It doesn't matter what the market had done or will do. (caveat - if you are maxing all tax advantaged accounts, then you come out ahead i...
by JBTX
Thu Oct 11, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Emerging Markets Matter
Replies: 82
Views: 6357

Re: Larry Swedroe: Why Emerging Markets Matter

All 10y return forecasts I have seen, based on current valuations, have EM returning ~6% real whereas, US is ~1% real. Why in the world would I want to hold 4x more US than EM like I get in the total world stock market. As a result, I am heavily overweight EM(~50%) and heavily underweight US(~15%)....
by JBTX
Thu Oct 11, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: 401k - more than one company in one year
Replies: 3
Views: 298

401k - more than one company in one year

Currently working on a contract basis W2 through an agency - and contributing to the agency's 401k plan. It is a decent plan expense wise, and OK choices, but there is no match, which isn't surprising. I can also contribute at a pretty high percentage to catch up to my annual max (over 50) Question ...
by JBTX
Thu Oct 11, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: Black Friday is coming.. what's on your list?
Replies: 70
Views: 5909

Re: Black Friday is coming.. what's on your list?

TonyDAntonio wrote:
Thu Oct 11, 2018 8:31 am
I thought this was a stock market prediction thread.
^^This
by JBTX
Thu Oct 11, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: Black Friday is coming.. what's on your list?
Replies: 70
Views: 5909

Re: Black Friday is coming.. what's on your list?

Watching the Hawkeyes beat the Huskers...but still hoping for an upset (as I do every Saturday). But anything is better than fighting the shopping crowds regardless of any potential bargains. Hopefully for your sake you guys stick with Frost and be patient. What he did for UCF was remarkable. He se...
by JBTX
Tue Oct 09, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 881
Views: 95792

Re: [What TV Show Have You Recently Watched?]

Just watched last two episodes of Better call Saul's current season. The show is really well done. Very thoughtful. Great characters. I am starting to notice more the unique cinematography. You will end up with quiet shots from unusual viewpoints and just get to ponder it for a minute. I thought the...
by JBTX
Tue Oct 09, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth --> Filling out FAFSA
Replies: 8
Views: 751

Re: Backdoor Roth --> Filling out FAFSA

For Q2, considering I converted this traditional IRA to Roth should I say "Yes" ? For Q3, is it then correct to put in the total conversion amount ? I believe yes and yes. E.g., see The IRS Data Retrieval Tool Returns for the 2018 – 2019 FAFSA® | Edvisors . It appears the FAFSA folks are assuming "...
by JBTX
Tue Oct 09, 2018 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Location/Tax Efficiency and Rebalancing
Replies: 2
Views: 185

Re: Asset Location/Tax Efficiency and Rebalancing

If you plan on holding stock funds in taxable all the way until retirement, or else sometime in the future when/if your cap gains rate goes to zero, holding stocks in taxable and bonds in tax deferred will probably give you a modest advantage. If you think your tax rates/income tax brackets won't va...
by JBTX
Tue Oct 09, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance into international in retirement account
Replies: 6
Views: 480

Re: Rebalance into international in retirement account

Streptococcus wrote:
Tue Oct 09, 2018 2:47 pm
It is expensive in my retirement account. I would rather have it at vanguard but I think I will just rebalance in my 403b.
Thank you very much for your posts.
Are all the 403b funds expensive? How are you defining expensive?
by JBTX
Tue Oct 09, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance into international in retirement account
Replies: 6
Views: 480

Re: Rebalance into international in retirement account

Hello bogleheads, I've never rebalanced into international (VTIAX) in my 403b as I used to purchase more VTIAX in my taxable or rebalance through my roth. But as my portfolio grows I realized that I can no longer just purchase new VTIAX to rebalance as I would need to spend tens of thousands of dol...
by JBTX
Tue Oct 09, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4266

Re: New Car: No Collision/Comprehensive?

"Afford" can have different meanings. Yes, most here probably have the financial resources to buy another $25k (give or take) car. But that may put a material dent in your liquid funds. That could be anywhere from 3 months to 1 years savings depending on income. That is 4-5 years worth of Roth IRA's...
by JBTX
Mon Oct 08, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 48
Views: 3277

Re: Best headphones under 500 bucks

This article seems to hot all the best known high end brands.

https://www.techradar.com/news/audio/po ... es-1280342

I bought a Sony pair half off for $100 and I have been satisfied with them.
by JBTX
Sun Oct 07, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9039

Re: My biggest mistake - market timing

Chalk it up as a valuable learning experience. You are still well ahead of the game. I'd recommend two funds in tax advantaged accounts: Vanguard target date fund (roughly 1/2 of $) Vanguard balanced index (roughly 1/2 of $) This will give you roughly 70% equity and put you on auto pilot. Seriously ...
by JBTX
Sun Oct 07, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to complete 3 fund portfolio design. Help!!
Replies: 8
Views: 917

Re: Trying to complete 3 fund portfolio design. Help!!

Thanks in advance for any guidance you can provide. I always read and consider every response I receive on this forum. I turn 37 in a couple months and I have been dragging my feet for too long to finish setting up my 3-fund portfolio. I would like to get it going already and make any necessary adj...
by JBTX
Sun Oct 07, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 209
Views: 14477

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

I haven't read whole thread. I live in DFW area. Pros: one of the best job markets in the nation Housing prices are very affordable and wide selection For an urban area, I have found people generally friendly, and there are many transplants here No state income taxes. Property taxes and sales taxes ...
by JBTX
Sun Oct 07, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat
Replies: 77
Views: 7841

Re: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat

I have both. They each have their merits. - customer service of fidelity generally a bit better. They just seem easier to deal with with retirement account rollovers, etc. - vanguard has broader array of low cost index funds and I like their target date funds better. Vanguards active funds are gener...
by JBTX
Sun Oct 07, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Cap One vs Fidelity CC My experience so far
Replies: 7
Views: 860

Re: Cap One vs Fidelity CC My experience so far

The differences between the two online are like night and day. The Cap One shows all my transactions and associated points rewarded as soon as they move from pending to posted The website is easy to traverse and redeem points. They're definitely clever in how their apps and website are crafted. I t...
by JBTX
Sun Oct 07, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Diversification For Retirees
Replies: 10
Views: 913

Re: Tax Diversification For Retirees

There is a wiki on this and countless threads. https://www.bogleheads.org/wiki/Traditional_versus_Roth I disagree with the stated general rule that if you are over 15 marginal rate go with traditional, but that is an opinion. What makes sense for your situation: 1. What is your marginal rate now vs ...
by JBTX
Fri Oct 05, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6293

Re: [CNBC article: Don't expect to retire at 70]

The author has it wrong. Most people who really starting thinking seriously about a firm retirement age are probably 50+. So a lifespan of a 50 year old would be a more reasonable proxy. Also, lifespans vary quite a bit by income demographic. Chances are if you watch cnbc you are in upper half or up...
by JBTX
Fri Oct 05, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 4765

Re: Sellers remorse - selling business

If you are thinking of doing it in another 3-4 years anyway, may as well do it now while the terms are favorable. Who knows what can happen economically in the next few years. Plus you'll need to hang around for a few years as part of the deal anyway. Also a consideration is whether you can live on ...
by JBTX
Fri Oct 05, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Swap to a Roth 401k?
Replies: 12
Views: 1122

Re: Swap to a Roth 401k?

Can’t I pay the conversion taxes with the funds from my 401k? Pretty sure that would constitute a withdrawal. You are better off doing it with funds outside of your 401k. You could pull the funds out of your Roth IRA but I wouldn't recommend it and I'd really try to find funds outside of retirement...
by JBTX
Fri Oct 05, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Working as a freelance consultant: Sole proprietorship, SCorp or LLC?
Replies: 30
Views: 2686

Re: Working as a freelance consultant: Sole proprietorship, SCorp or LLC?

I'm a CPA, and ironically, I did this exact analysis for a client this morning. (Note--I live in a state with no income tax, so I will not discuss state income taxes.) First, note that the term "LLC" has no meaningful definition for tax purposes. LLC's can be taxed as sole proprietorships, partners...
by JBTX
Fri Oct 05, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5239

Re: Mr. Money Mustache is the BOMB!

A big problem for me is the use of the term "Retirement" in FIRE. In the context of "Financial Independence" I think it all makes lots of sense. Saving money and living frugally to give you more options in life is a great message. But retirement as a word tends to mean to stop working, and the infat...
by JBTX
Fri Oct 05, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Too risky?
Replies: 13
Views: 1589

Re: Too risky?

57 years old, working full time, single. Have 220k in individual stocks, 160k in Vanguard index funds, 80k in 401k at work, 30k in CD, MM, and cash. Figuring on at least 6-11 more years working, making around 90k a year. I figure I've got time for Market dips (like this one) and recoveries before I...
by JBTX
Fri Oct 05, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7444
Views: 1558044

Re: U.S. stocks in freefall

I would say one reason is because of basic conditional probability - any time there is a 10-15% drop, a 40-50% drop becomes more likely, simply because every 40-50% drop starts with a 10-15% drop. Uh, what? You could argue on momentum grounds that further drop is more likely, but what you state mak...