Search found 2973 matches

by JBTX
Wed Apr 25, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 5
Views: 207

Re: Allocation to combine Dave Ramsey and Vanguard?

Your domestic allocation is 2/3 small cap.

These are not growth funds but are blend index funds.

If you are proposing 100% equity allocation.
by JBTX
Tue Apr 24, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: Does anyone have Cali Bamboo flooring? Your experience?
Replies: 7
Views: 720

Re: Does anyone have Cali Bamboo flooring? Your experience?

No idea about Cali bamboo, but years ago a family member put in bamboo in lower floor because it is harder, more durable, more resistant dog scratching etc. They even put in the bathroom with an open shower. They’ve had no issues except a little bit of discoloration right next to shower due to moist...
by JBTX
Tue Apr 24, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with Mr Cooper
Replies: 16
Views: 3015

Re: Paying off mortgage with Mr Cooper

Seems to me your course of action was reasonable.
by JBTX
Tue Apr 24, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 9419

Re: Salary Negotiation gone sour

1. Headhunters are sales people. They will say whatever they have to in order to get you interested. 2. For that level of position, I doubt there is $15k of variability. Larger companies typically don’t haggle that much. 3. When they came back again with $85k they signaled the weren’t flexible on sa...
by JBTX
Tue Apr 24, 2018 11:41 am
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 79
Views: 10142

Re: Too much Bogleheads.org?

I joined this site a few months back and am blown away with the amount of knowledge and support of this site. Between this site and the recommended books I have learned a tremendous amount and have become a more savvy and attentive investor. That being said, I find myself constantly thinking about ...
by JBTX
Tue Apr 24, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 137
Views: 7959

Re: I’m still not a fan of international bond funds

Complexity - another reason not to own hedged international bond funds. If you don't understand what you're buying (in this case currency hedging), you'll be inclined to sell it at the wrong time and that harms your long-term return. Rick Ferri Are you saying international bonds have no hedging/div...
by JBTX
Tue Apr 24, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 137
Views: 7959

Re: I’m still not a fan of international bond funds

Complexity - another reason not to own hedged international bond funds. If you don't understand what you're buying (in this case currency hedging), you'll be inclined to sell it at the wrong time and that harms your long-term return. Rick Ferri Are you saying international bonds have no hedging/div...
by JBTX
Tue Apr 24, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: How do you stop junk mail?
Replies: 36
Views: 2471

Re: How do you stop junk mail?

If you do these things, your junk mail will reduce a substantial amount. This is what I have done, and it has helped quite a bit.

http://www.ecocycle.org/junkmail
by JBTX
Tue Apr 24, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 137
Views: 7959

Re: I’m still not a fan of international bond funds

By definition a hedge will usually lose money when your core investment is doing well, which is exactly what happened, and is precisely my point. JBTX, In this particular scenario, a U.S. investor spending U.S. dollars would have been better off holding a 4Y USD bond, not an unhedged 4Y CAD bond. T...
by JBTX
Tue Apr 24, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 137
Views: 7959

Re: I’m still not a fan of international bond funds

JBTX, I guess the question is whether exchange rate fluctuation is an added risk, or does it serve as a diversifier? Imagine you purchased a 4Y CAD bond in 2014 and want to unwind the position now. You bought 1.04 CAD for 1 USD back in 2014, but you need 1.28 CAD to buy 1 USD now. That translates i...
by JBTX
Tue Apr 24, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 137
Views: 7959

Re: I’m still not a fan of international bond funds

JBTX, I guess the question is whether exchange rate fluctuation is an added risk, or does it serve as a diversifier? Imagine you purchased a 4Y CAD bond in 2014 and want to unwind the position now. You bought 1.04 CAD for 1 USD back in 2014, but you need 1.28 CAD to buy 1 USD now. That translates i...
by JBTX
Sun Apr 22, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: How long have you been unemployed?
Replies: 51
Views: 3971

Re: How long have you been unemployed?

Over 30 years not working for a grand total of approx 1.5 years. DW works and makes good income so I am content to take breaks here and there.
by JBTX
Sat Apr 21, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 248
Views: 14296

Re: KF's simple rules to achieve FI

Folks, Do not confuse lucky outcome with a smart strategy. I cannot count on being lucky and continuously employed without interruption. So, I have to plan and survive in this kind of reality. For whatever reason, this is the life that I experienced. Houston Oil Bust, Texas Saving & Loan Crisis, As...
by JBTX
Sat Apr 21, 2018 12:43 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 248
Views: 14296

Re: KF's simple rules to achieve FI

Folks, I save a lot of money. But, I am not frugal. A) Household income of around 140K to 150K. B) Tax around 20K to 30K (Social security, Medicare, Federal, and state) C) The annual expense of around 50K to 60K. D) The annual savings of around 50K to 60K. Out of the annual expense, about 20K is fo...
by JBTX
Sat Apr 21, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 6562

Re: Help me explain why pre-tax investing can help when retiring in same bracket

1. Presumably this means they have already filled up the low tax brackets. However for that to be true, they need to have substantial other income (like pension). A pension is not necessary for this situation. Helpful, to be sure, but not necessary. For someone who takes Invest early and often to h...
by JBTX
Fri Apr 20, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 6562

Re: Help me explain why pre-tax investing can help when retiring in same bracket

Seems to me the arguments for traditional, specifically for those that expect to be in a higher tax bracket in retirement (which is admittedly the minority) 1. Presumably this means they have already filled up the low tax brackets. However for that to be true, they need to have substantial other inc...
by JBTX
Fri Apr 20, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 6562

Re: Help me explain why pre-tax investing can help when retiring in same bracket

Throw these in there: There's no guarantee the rules don't change causing Roth distributions to be taxed at some point in the future, either at a reduced rate or via some sort of means testing. Pre tax contributions haven't been taxed so this risk is not a concern. This is a bigger concern the youn...
by JBTX
Fri Apr 20, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 137
Views: 7959

Re: I’m still not a fan of international bond funds

At such low rates they are almost a pure currency play. I guess the question is whether exchange rate fluctuation is an added risk, or does it serve as a diversifier? From a simplistic view, if the US economy is weak relative to the rest of the world, or if it suffers higher inflation, financial ins...
by JBTX
Fri Apr 20, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 248
Views: 14296

Re: KF's simple rules to achieve FI

My situation is fairly unique, so I am not sure I have simple rules. Any such rules would not be applicable to most others. From what I have read of KFs situation, it is somewhat unique in its own right. Thus I don’t know if his rules are useful to most others either. If you only spend 40% of Gross...
by JBTX
Fri Apr 20, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: So many problems I can't even figure out how to prioritize them
Replies: 27
Views: 2641

Re: So many problems I can't even figure out how to prioritize them

I would consider many of these routine maintenance that should fit in a normal budget. I’m not sure I’d include any of these as part of an emergency fund.
by JBTX
Fri Apr 20, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 248
Views: 14296

Re: KF's simple rules to achieve FI

My situation is fairly unique, so I am not sure I have simple rules. Any such rules would not be applicable to most others. From what I have read of KFs situation, it is somewhat unique in its own right. Thus I don’t know if his rules are useful to most others either. If you only spend 40% of Gross ...
by JBTX
Thu Apr 19, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Buying BRK.B to save $94 annually on insurance?
Replies: 28
Views: 2718

Re: Buying BRK.B to save $94 annually on insurance?

I called customer support and told them I had a Berkshire share and I want a discount. They immediately applied the discount no questions asked. Never had to submit any papers. Same here. I didn't even have to buy a share. :twisted: Same here. First they said I wasn’t eligible due to a college asso...
by JBTX
Thu Apr 19, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: Total Cost of Car Ownership over 10 years
Replies: 40
Views: 3188

Re: Total Cost of Car Ownership over 10 years

You are at 32 cents vs IRS rate 53.5. I don't drive a lot, and I've been budgeting $500/month (vs. OP $400). Honestly, I haven't added up the costs, but I think I'm under budget (folks are finding many forgotten miscellaneous items that can add up). Now if I drove more, my per mile costs would go u...
by JBTX
Wed Apr 18, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Total Cost of Car Ownership over 10 years
Replies: 40
Views: 3188

Re: Total Cost of Car Ownership over 10 years

You are at 32 cents vs IRS rate 53.5. Most obvious is tires. Last set of Michelin’s were $1000 for us. Times 3 is $3000. Of course you could go with cheap tires but I’d say $2000 minimum. Maintenance may be a tad light. One thing you don’t have that an IRS rate would have is interest. Depending on a...
by JBTX
Wed Apr 18, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Wellesley January Price Drop? Why?
Replies: 27
Views: 3246

Re: Wellesley January Price Drop? Why?

Wellsley has been a great fund and I have decent sized stake, but I kind of wonder if it is built for taking advantage of falling rates more than its peers. About the only time it has underperformed for any length of time was in late 70s and early 80s. It isn’t shocking that it has underperformed g...
by JBTX
Wed Apr 18, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Wellesley January Price Drop? Why?
Replies: 27
Views: 3246

Re: Wellesley January Price Drop? Why?

Wellsley has been a great fund and I have decent sized stake, but I kind of wonder if it is built for taking advantage of falling rates more than its peers. About the only time it has underperformed for any length of time was in late 70s and early 80s. It isn’t shocking that it has underperformed gi...
by JBTX
Wed Apr 18, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Administrative Fees
Replies: 6
Views: 501

Re: 401k Administrative Fees

See if any info in here is helpful:

viewtopic.php?t=246289
by JBTX
Wed Apr 18, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Open Office Calc problem
Replies: 17
Views: 1165

Re: Open Office Calc problem

I’ve only used excel so I may not be of much help. Ideas off the top of my head: How big is the data sheet? Would it be possible just to copy the entire data sheet to a separate tab in your spreadsheet to get rid of the links? I used to use links a lot, now I avoid them unless absolutely necessary. ...
by JBTX
Wed Apr 18, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Administrative Fees
Replies: 6
Views: 501

Re: 401k Administrative Fees

How big is the 401k and how many participants?

I started thread about small company 401ks a couple of weeks ago. Bottom line there are options with fairly modest fixed fees to the employer and basically no fees on the fund assets other than the funds base expense ratio.
by JBTX
Wed Apr 18, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Please help me with arguments for/against actively managed...
Replies: 34
Views: 1588

Re: Please help me with arguments for/against actively managed...

The easiest argument is probably the best. You can divide the market in two. Active and passive. By definition, passive funds follow the daily price of all active activity. By definition the return of a passive index fund will equal the return of the average active fund. Except for fees of the activ...
by JBTX
Wed Apr 18, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 5188

Re: I want to pay off my mortgage. Am I crazy?

I would never pay off a mortgage that low especially if it’s tax deductible.
by JBTX
Tue Apr 17, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2139

Re: Car Loan vs Home Mortgage

Sometimes one needs to ask the question: "what percentage of rolling 8 year periods over the past century have had equity CAGR of less than 3.5%, and am I willing to take a chance on that continuing over the next several years?" Especially with what is very close to "new" money. The OP is doing wel...
by JBTX
Tue Apr 17, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2139

Re: Car Loan vs Home Mortgage

Me, I wouldn't do either. I would open up a taxable account and invest the $600/month. You can easily do better than a 1% return on the car loan with nothing more exotic than TIPS, and even the most pessimistic nominal stock return projections beat the stuffing out of a 3.5% mortgage. Think of inve...
by JBTX
Tue Apr 17, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Fund our 401k/IRA or fund a 529?
Replies: 5
Views: 407

Re: Fund our 401k/IRA or fund a 529?

I’d prioritize retirement accounts over 529, except maybe to the point you can get a state income tax deduction on the 529.
by JBTX
Tue Apr 17, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: How much salary did you negotiate?
Replies: 20
Views: 2480

Re: How much salary did you negotiate?

I don’t think I’ve gotten 9% so that is pretty good. On the flip side, I don’t recall giving huge bumps while negotiating with new employees coming in. If it is a large company you have pay equity issues to deal with. Make sure you are getting as much paid time off as you can. That is often negotiab...
by JBTX
Tue Apr 17, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8056

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

The basic math works assuming reasonable assumptions. The longer the time period the greater the risk that reasonable assumptions may not be so reasonable. e.g. war, tax changes, inflation, negative interest rates, flu pandemic, climate change, ??, etc. Also, personal issues related to your own hea...
by JBTX
Tue Apr 17, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8056

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

No I would not be comfortable.

Yes I understand mathematically that would easily survive any historical US scenario, but I would not be comfortable going 50-60 years not working, when you just can’t predict the future.
by JBTX
Mon Apr 16, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Online Fax Suggestions
Replies: 12
Views: 876

Re: Online Fax Suggestions

I have used faxzero numerous times with no issues.
by JBTX
Mon Apr 16, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly I had a weird bill go to collections - what's my course of action?
Replies: 36
Views: 3170

Re: Suddenly I had a weird bill go to collections - what's my course of action?

From my perspective, by potentially giving out fraudulent address information, you have either committed a breach of contract from a tort perspective or some sort of address fraud from a criminal perspective. (I’m not a lawyer or legal expert) https://en.m.wikipedia.org/wiki/Address_fraud If for som...
by JBTX
Sun Apr 15, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Billpay/automated payments with BoA mortage?
Replies: 9
Views: 347

Re: Billpay/automated payments with BoA mortage?

Anyone here paying a Bank of America mortgage with their bank's bill pay system? This is the only bill I haven't been able to automate - BoA requires you to log in to their site every month and manually trigger a payment. They only seem to support auto pay bill if you have a BoA checking account (n...
by JBTX
Sun Apr 15, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3694

Re: How accurately can we measure INFLATION?

It is 100% accurate, based on the given assumptions. Of course, those assumptions probably won’t 100% apply to everybody, or any one individual. The big variables are: Substitution - how much will you change your consumption from product A to product B, which are close but not exact substitutes if p...
by JBTX
Sat Apr 14, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6794

Re: Why traditional IRA better than Roth IRA

In addition to other points mentioned above, Roth is also attractive if you are maxed out on traditional tax-shielded accounts and want to save more. $5500 of Roth money is more than $5500 of traditional because it's after-tax money. Roth IRA is equivalent to a traditional IRA plus an invisible tax...
by JBTX
Sat Apr 14, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6794

Re: Why traditional IRA better than Roth IRA

I think my original statement that you need a 5%+ drop in your marginal tax rate for Traditional to be a better IRA choice stands. I’m not sure about for most Bogleheads, because a lot of people on here are above the 24% bracket, but for the average American, and certainly someone asking a question...
by JBTX
Sat Apr 14, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6794

Re: Why traditional IRA better than Roth IRA

It is true that those who may have an extended early/pre social security retirement would benefit from accumulating a large traditonal balance. However not everybody fits that criteria. Some people may have greater age difference between spouses. Some may need to work longer. Some may choose to wor...
by JBTX
Sat Apr 14, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6794

Re: Why traditional IRA better than Roth IRA

I think my original statement that you need a 5%+ drop in your marginal tax rate for Traditional to be a better IRA choice stands. I’m not sure about for most Bogleheads, because a lot of people on here are above the 24% bracket, but for the average American, and certainly someone asking a question...
by JBTX
Fri Apr 13, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs Independent Certified Financial Planner
Replies: 15
Views: 1336

Re: Vanguard vs Independent Certified Financial Planner

Thanks to all who have responded. It has made me realize that my questions are a bit unfocused--it is really more how do I handle an inheritance coming into and expanding the taxable portion of my portfolio (now added above to original post). My specific questions are: 1. Inheritance is currently h...
by JBTX
Fri Apr 13, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5666

Re: Could you support family on 1 income?

Yes, we are basically doing it right now as I’m not working at the moment. 2 teenage kids. It is fairly tight, and we can’t save as much as we like and I’ve had to pass on fully funding some retirement account opportunities which really bothers me.
by JBTX
Fri Apr 13, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Funding Roth IRA for Dependent Child In Texas
Replies: 5
Views: 326

Re: Funding Roth IRA for Dependent Child In Texas

Here are my specifics: 1. 24 year old son living at home with no full time job and claimed as dependent on parents federal income tax rturn 2. Made $830 cash dog walking for 2017 3. Even though it will be a nightmare with all of the required tax forms and schedules to do so and the small amount all...
by JBTX
Fri Apr 13, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6794

Re: Why traditional IRA better than Roth IRA

This example is true only when you pay the taxes from the pot of money, when it goes in, and when it comes out. But why would you waste your tax-deferred dollars on taxes if you can pay the taxes out of your income or taxable assets? This is especially true for a Roth conversion. If you decide to d...
by JBTX
Fri Apr 13, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6794

Re: Why traditional IRA better than Roth IRA

Maybe but effective rate is irrelevant. Yes and no. What is relevant is the effective rate on the IRA distribution . That is different from both the overall effective rate and the marginal rate. What is relevant is the marginal rate of the distribution. Not all dollars will be distributed at the sa...