Search found 1920 matches

by JBTX
Thu Jan 18, 2018 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Why hold bond funds in tax advantaged accounts?
Replies: 6
Views: 552

Re: Why hold bond funds in tax advantaged accounts?

First of all the returns you are using are not indicative of long term returns. Most people expect nominal returns on stocks to be in the 4-6% range over next decade and 10 year bonds are between 2 and 3 percent. It is true that there is a trade off of lower tax rates on stocks vs potentially highe...
by JBTX
Thu Jan 18, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: I got a Roomba and think you should too
Replies: 35
Views: 2741

Re: I got a Roomba and think you should too

I see Roomba questions pop up every once in a while on this forum so I thought I’d post my recent experiences. I live in the SF Bay Area and live in a 1,000 sqft house with my wife and (2) large dogs. Dog hair is a constant issue in our house, and requires constant clean up. The hair sits noticeabl...
by JBTX
Thu Jan 18, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Why hold bond funds in tax advantaged accounts?
Replies: 6
Views: 552

Re: Why hold bond funds in tax advantaged accounts?

First of all the returns you are using are not indicative of long term returns. Most people expect nominal returns on stocks to be in the 4-6% range over next decade and 10 year bonds are between 2 and 3 percent. It is true that there is a trade off of lower tax rates on stocks vs potentially higher...
by JBTX
Thu Jan 18, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: ibonds, cds and treasury direct questions
Replies: 5
Views: 598

Re: ibonds, cds and treasury direct questions

Currently the IBonds have very low real yields. I believe people only purchase IBonds when their 401k programs have poor bond fund selections. All bonds have low yields right now. As a long term piece of your bond allocation it isn’t going to be your best bet but if viewed as a cash reserve substit...
by JBTX
Thu Jan 18, 2018 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: ibonds, cds and treasury direct questions
Replies: 5
Views: 598

Re: ibonds, cds and treasury direct questions

Hi all, Need some help. I read about ibonds, CDs, etc for short term reserves and frankly have been somewhat paralyzed about pulling the trigger. Well, new year and need to finalize - or I'll keep losing money to inflation. PLus, waiting for the ibonds to recalculate or finding the best CD rate rea...
by JBTX
Thu Jan 18, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 17
Views: 1225

Re: Job terminated. Convert small pension to lump sum or annuity?

Based on this assuming 55 years of payout that is just over 4.0% to get to $27k present value. You be better off rolling into Ira. That's what I was looking for, thank you. To the other posters, thank you for the affirmation. That’s a pretty crappy return. I would have expected something closer to ...
by JBTX
Thu Jan 18, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Family Balance and Children's Athletics
Replies: 21
Views: 1232

Re: Family Balance and Children's Athletics

I agree some of the level of time and commitment to sports is over the top, especially when it involves private clubs. Having said that I spent my childhood years 7-18 doing competitive swimming. The only rule my parents had was i had to do something active. Around 12 or 13 I considered quitting but...
by JBTX
Thu Jan 18, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why even have Bonds in a 401k?
Replies: 14
Views: 1404

Re: Why even have Bonds in a 401k?

100% stocks at that age seems fairly aggressive. Would you be able to withstand a 50-60% drop and it taking 10-20 years to recover? That is not an implausible scenario. Also going 100% stock when the market is at all time highs and valuations are at highs seems a bit imprudent. As to having emergenc...
by JBTX
Thu Jan 18, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 17
Views: 1225

Re: Job terminated. Convert small pension to lump sum or annuity?

I have a small personal pension account worth $26,548 with the following options 1) Take the $26,548 lump sum (rollover into IRA) 2) Single life annuity: $104.15/mo 3) 50% joint and survivor annuity: $101.21/mo, $50.61/mo (beneficiary) I'm 36 years old and have no need for the income right now (wif...
by JBTX
Thu Jan 18, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Are these benefits from my employer good ?
Replies: 13
Views: 1291

Re: Are these benefits from my employer good ?

Just read through employee manual for thr first time for a new job. Are these benefits good or do I need to get something separately? Is there anything else you guys have that I should consider getting because they dont offer? Health insurance - not much choice but ill include for you to compare -3...
by JBTX
Thu Jan 18, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 32
Views: 5162

Re: dryer vent cleaning--your thoughts?

I use local professional about once per year. I’ve tried to use plumber snakes vacuums and even leaf blower but my vent goes out a high roof and makes some near 90 degree turns along the way.
by JBTX
Thu Jan 18, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 84
Views: 6628

Re: Tax Law Sunset 2025 - Roth vs Traditional

I think the current law, and its sunset provisions, just puts more strain on the assumption that all decisions should be made based upon current tax law - which is the default forum recommendation. Moderators correct me if this is incorrect, but it's not the forum's recommendation for how to actual...
by JBTX
Wed Jan 17, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Unable to recover or create new Morningstar Discuss account. Help.
Replies: 6
Views: 419

Re: Unable to recover or create new Morningstar Discuss account. Help.

If I log into my Morningstar premium and go to forums it automatically brings up the user name I created years ago and it allows me to post in the forums (or it allowed me to bring up a post reply - i didn’t actually post)
by JBTX
Wed Jan 17, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions
Replies: 25
Views: 1409

Re: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions

If I had no collision I would have had to probably pay $7000 for two accidents that weren’t my fault. That's only true if it were an unknown person who was at fault. If you're in an accident and get the information, you can make a claim directly with the at fault person's insurance company. Where y...
by JBTX
Wed Jan 17, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions
Replies: 25
Views: 1409

Re: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions

Our auto is $1000 and Home is somewhere near $5000 I think. It is something like 1.5 to 2.0% of home value. I’ve replaced 2 roofs in last 6 hears due to hail and had 2 accidents that weren’t my fault but still had to fork out deductible. The math of higher deductibles hasn’t worked out for me in rec...
by JBTX
Wed Jan 17, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Owning house in a trust?
Replies: 17
Views: 1705

Re: Owning house in a trust?

A few years ago when we redid our wills and living trusts the attorney recommended putting house in trust so we did. Not sure if it is worth it. I then had to sign some form with the county to maintain homestead exemption. Also when I refinanced they added some closing package forms to take it out o...
by JBTX
Mon Jan 15, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 147
Views: 8916

Re: Stats on When People Take Social Security

And then there are some, admittedly few, who took SS at 62 because they had young children who would get benefits, and a spouse who would wait until age 70. Not everyone filing at 62 “doesn’t get it.” 🍅 🍅 We have an autistic son who very well may be eligible for disability. If I understand it corre...
by JBTX
Sun Jan 14, 2018 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1954

Re: Are there any situations where you don’t max retirement opportunities?

I've been working on a spreadsheet much of the day mapping out income, withdrawals from retirement, etc, and it is pretty depressing. :( Conclusions: 1. We are going to have to cut back on spending. 2. Even if we cut back from where we are, assumptions still show us draining our liquid cash by the t...
by JBTX
Sun Jan 14, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4277

Re: Budgeting Vs Savings Rate

We have saved on average probably 20% of gross. We track expenses in Quicken but have never really done a budget long term. ... I hate to say it but I haven’t had much luck in “selling” that to DW, and I’m not without fault myself. I’m probably going to take another swing at it soon because we need...
by JBTX
Sun Jan 14, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1954

Re: Are there any situations where you don’t max retirement opportunities?

Historically we have been in the 25 or 28 percent bracket with no state income taxes. We would not buy her a new car. Probably low mileage used, maybe like a used Camry. I’d like for the car to be safe. This is all dependent on her eventually getting her license which isn’t a given at this rate. I ...
by JBTX
Sun Jan 14, 2018 1:46 am
Forum: Personal Consumer Issues
Topic: Where to retire in Florida?
Replies: 165
Views: 27922

Re: Where to retire in Florida?

westrichj312 wrote:
Fri Dec 22, 2017 9:13 am
everyone I know swears by the Villages, largest retirement community in the world and lots of fun.
Indeed.

https://www.google.com/amp/s/nypost.com ... droom/amp/
by JBTX
Sun Jan 14, 2018 1:43 am
Forum: Personal Consumer Issues
Topic: Where to retire in Florida?
Replies: 165
Views: 27922

Re: Where to retire in Florida?

Gainesville is a decent place to retire, but not by beach. University town. As a person who grew up in FL I tend to think beaches may be a bit overrated. Most people who live there rarely actually go to be beach. FL is very humid. I grew up with it so not a big deal but to others maybe not. I’m not ...
by JBTX
Sun Jan 14, 2018 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4277

Re: Budgeting Vs Savings Rate

We have saved on average probably 20% of gross. We track expenses in Quicken but have never really done a budget long term. I’ve tried a couple of times but it never really stuck. The only real reason to do a line item budget is if you are truly committed to acting upon it and changing spending habi...
by JBTX
Sun Jan 14, 2018 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1954

Re: Are there any situations where you don’t max retirement opportunities?

What is your tax bracket? The higher your bracket, the more valuable your retirement accounts. Do you want/plan to retire early? If so, you are giving up a massive tax benefit by not contributing to the 401k because you will have a long window with low taxable income. Can you give daughter a beater...
by JBTX
Sat Jan 13, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1954

Re: Are there any situations where you don’t max retirement opportunities?

...The result is 90+ % of our savings are in various retirement accounts... ...I hate to leave tax advantaged retirement opportunities on the table but the value of additional contributions seem pretty incremental vs investing in ibonds or paying off mortgage down the road ( will be close call if w...
by JBTX
Sat Jan 13, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1954

Are there any situations where you don’t max retirement opportunities?

This last year I had modest self employment earnings, and my DW worked full time. I’m over 50 and since early 20s have almost always maxed out retirement accounts opportunities between 401ks Roth IRAs etc. The result is 90+ % of our savings are in various retirement accounts. Roughly 55% traditonal ...
by JBTX
Sat Jan 13, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Confirmation on my calculations for Solo 401k?
Replies: 8
Views: 562

Re: Confirmation on my calculations for Solo 401k?

If I have Self Employed profit of $75,000, and I have made $18,000 Elective deferrals for EmployEE side, my maximum plan contribution for the year would be $31,940. (accounting for $5,299 deduction for Self Employment Tax.) Therefore my Max Profit Sharing for EmployER side would be $13,940? (Catchu...
by JBTX
Sat Jan 13, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Need to move "safe" money to another place
Replies: 22
Views: 2410

Re: Need to move "safe" money to another place

Do you have a will or living trust? Ultimately you can designate secondary beneficiaries that way. I understand the desire to avoid probate and do a direct designation but I would probably consider FDIC insurance and higher yield more important.
by JBTX
Sat Jan 13, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 161
Views: 16084

Re: Anyone disenchanted with retirement?

Whatever helps you cope! Show me your peer reviewed longitudinal study and maybe I'll buy it. Ugh. You missed the point entirely. Who referenced anything about "coping" (except, perhaps, those who are still working)? Some of us don't need useless click bait in usatoday, a "peer reviewed longitudina...
by JBTX
Sat Jan 13, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 3315

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

slightly off topic - but is cobra (or other insurance ever tax deductible?) I assume not? Yeah, kind of! COBRA premiums can be paid with HSA dollars, which have been accumulated tax-free. See item 7: https://www.forbes.com/sites/robertberger/2016/12/02/14-surprising-facts-about-health-savings-accou...
by JBTX
Sat Jan 13, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 3315

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

Even though I have great respect for dm200, I am going to have to be the Yin on this Yang. I feel as though their response on every COBRA thread represents a FUD campaign. There really are no practical risks to using COBRA for gap pending-coverage if you simply make the election and payments on tim...
by JBTX
Sat Jan 13, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: wireless dead again - router suggestions?
Replies: 35
Views: 1688

Re: wireless dead again - router suggestions?

Installed orbi system about a month ago. So far so good. No issues and much improved WiFi reception through out house.

I’ve had a couple of prior routers go bad every3-5 years.
by JBTX
Sat Jan 13, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: I Bond Rate and Yield
Replies: 4
Views: 807

Re: I Bond Rate and Yield

https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm Ibonds issued may - October 2001 have a fixed rate of 3.0% plus the applicable inflation rate that applies to all ibonds. I’m not exactly sure where your quoted numbers can from but most recent composite retur...
by JBTX
Sat Jan 13, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 32
Views: 3796

Re: AA is much harder than I thought...

Everything I have learned tells me that I should be buying bonds right now -- the 'trendiness' of 100% stocks (and their meteoric rise), the bleak projections for bonds, etc.. Then you haven't learned anything valuable. You shouldn't base your allocation decisions on trendiness or projections. Why ...
by JBTX
Fri Jan 12, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401 vs traditional 401
Replies: 3
Views: 273

Re: Roth 401 vs traditional 401

My company has always offered me traditional 401k and 457b. I have been maxing these out annually. They just announced a future option of Roth 401k this year but no further details yet released. Questions to the group: 1) is this typically going to be an either/or choice for 401k, or do employers e...
by JBTX
Thu Jan 11, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: anything to buy to save on taxes
Replies: 9
Views: 986

Re: anything to buy to save on taxes

I don't understand anything about business finance or taxation; I've always been a W2 employee and so has everyone in my family. When I see talk about spending for purposes of tax write offs, it seems to me the same as carrying a mortgage for the same reason. Spend $1 to avoid paying 25 cents? Is t...
by JBTX
Thu Jan 11, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 3899

Re: "Emergency Fund" Strategy

Ibonds may also be an option. In our case we probably have about 1 year expenses in liquid cash or cash equivalents. Roughly half in ibonds, and the other half divided between online savings account and checking accounts. I would consider in our case the ibonds are more part of the bond portion of i...
by JBTX
Thu Jan 11, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Wills and Trusts - what are you doing for the "immediate family all gone" scenario?
Replies: 8
Views: 579

Re: Wills and Trusts - what are you doing for the "immediate family all gone" scenario?

Half to my siblings and half the DW siblings. I have less siblings but figured half was mine and It only seemed fair to keep my half on my side of family.
by JBTX
Thu Jan 11, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4654

Re: Car accident - was directed to sign release

Would a lawyer want to get involved with a minor auto accident, where the out of pocket costs are less than $2000? Lawyers typically don’t want to get involved unless there is injury. Since there was, at least make a call to one for a free consultation. I called for an accident but I was not injure...
by JBTX
Wed Jan 10, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: "CAGR" of extra mortgage payments
Replies: 7
Views: 839

Re: "CAGR" of extra mortgage payments

I have heard it said many times, that a mortgage behaves like a negative bond. Therefore, if I have a 4% mortgage, then paying extra on the mortgage is equivalent to buying a bond that returns 4% (let's ignore the potential tax-deductibility of mortgage interest for now). I believe this, but the pr...
by JBTX
Wed Jan 10, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12071

Re: Is it time for me to "call in rich"?

I always tell people that my definition of rich is people without kids. When I read your post , I eventually came to the line where you have no kids. Yes, you are rich . LOL Exactly. We are about the same age as OP, with somewhat less, but 2 kids. it is entirely plausible we would be in similar fin...
by JBTX
Wed Jan 10, 2018 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for a new kitchen and dining room
Replies: 26
Views: 1556

Re: How to pay for a new kitchen and dinning room

This summer, did a remodel - between remodel and new furniture spent about $100k. Refinanced my mortgage and did cash out for about $70k. 3.25% 15 year. Downside is here in TX refinance fees are in thousands of $$, and my rate went up 0.25%. Upside is I did it with Quicken loans and it is very easy ...
by JBTX
Wed Jan 10, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12071

Re: Is it time for me to "call in rich"?

Seems like you are in really good shape financially. Given you don't really have a plan, I'd be a little concerned about your reasons for retiring, and what you are going to do instead. Any possibility of doing any consulting on the side? I am trying to work out a deal where I can work part time as...
by JBTX
Wed Jan 10, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12071

Re: Is it time for me to "call in rich"?

Seems like you are in really good shape financially.

Given you don't really have a plan, I'd be a little concerned about your reasons for retiring, and what you are going to do instead. Any possibility of doing any consulting on the side?
by JBTX
Wed Jan 10, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: Cobra plans and insurance gap
Replies: 7
Views: 429

Re: Cobra plans and insurance gap

Yes, and that piece from the Chinese space station in a decaying orbit it what will do it. If you are really worried, Oh, I don't know... You could complete the Cobra paperwork, puting it in an envelope, dating it a couple of weeks before it is due and giving to a trusted source for mailing on the ...
by JBTX
Wed Jan 10, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 868

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

I have a degree in accounting, and MBA and 30 years experience in accounting in finance. You are right coming out with a degree in your late 30's put you at a disadvantage in terms of entry level accounting jobs. A lot of accountants out of school start out at an accounting firm, doing audit or tax....
by JBTX
Wed Jan 10, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 7972

Re: How much/little money to give kids so they continue to work

Depends on the individual, but 25 seems kind of young. In the other thread I mentioned when our children were born we made the age 30, but more recently we changed the documents and basically kept the money in the trust throughout their lives and have a trusted relative as a trustee. You can make th...
by JBTX
Tue Jan 09, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: How crucial are Admiral shares?
Replies: 6
Views: 1452

Re: How crucial are Admiral shares?

I have Vanguard solo 401k. Investor fees are something like 0.1% higher than admiral. That is pretty nominal. They have Roth option also. If it’s only going to be you and you won’t be rolling any money from other rollover IRAs it should be fine. It is less flexible than other solo 401ks if you wish ...
by JBTX
Tue Jan 09, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 327
Views: 28619

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Really good thread and really good data. Thanks for posting. My take is that it shows even in the worst US scenarios mathematically it turns out fine. But in some of those cases where after 16 years my portfolio is less than half that is probably pretty stressful. You are 70-75 years old, pulling ou...
by JBTX
Tue Jan 09, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth help - income limit
Replies: 13
Views: 893

Re: Roth help - income limit

Thanks for the responses, much appreciated. So I can open a Traditional IRA with say Vanguard, fund it with post tax $ and then roll that money into my Roth at Vanguard? If so, can I transfer that money from Traditional to Roth a few different times during the year? And doing this avoids the Roth i...