Search found 1511 matches

by JBTX
Fri Nov 17, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Amegy Bank $1000 business Card offer
Replies: 19
Views: 1980

Re: Amegy Bank $1000 business Card offer

Well first wrinkle. You can't set up online access online, unless you have a bank account. Otherwise you have to drive to the branch to set it up because it is a business account. :oops:
by JBTX
Fri Nov 17, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Amegy Bank $1000 business Card offer
Replies: 19
Views: 1980

Re: Amegy Bank $1000 business Card offer

Got my card today! The whole process took a while. I wouldn't recommend it unless you actually have a legit business - I actually do have 1099 consulting. Ended up having to submit "personal Financial statemtents" - basically an excel spreadsheet with summary level financial info, 2 years of tax ret...
by JBTX
Wed Nov 15, 2017 11:29 pm
Forum: Personal Consumer Issues
Topic: Keep old cards active by paying yourself?
Replies: 20
Views: 2222

Re: Keep old cards active by paying yourself?

Agree with suggest to put low value recurring bill on each one. This is what we do.

I did have at least one old card cancel due to inactivity years ago. At the time I didn't care, but I wish I had worked to keep it open, it would now be around 25 years old.
by JBTX
Wed Nov 15, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 39
Views: 4329

Re: 55+ Early retirement offer.

One year of pay is a pretty darn good deal. I'm not sure how often you find that. It is a lot better than I ever received.

I'd be inclined to take it.
by JBTX
Wed Nov 15, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bill Paying Issues
Replies: 18
Views: 1245

Re: Bill Paying Issues

We have BOA, and as far as I know, all the bill pay options on one user ID are on the other. But i can't swear to it. I rarely use Bill pay. It is the last resort. For recurring payments I always do autopay, preferably with credit card, if not then ACH. For those non recurring ones I typically go to...
by JBTX
Wed Nov 15, 2017 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: question for cpa? state income tax when living / moving back and forth in CA and WA?
Replies: 17
Views: 1134

Re: question for cpa? state income tax when living / moving back and forth in CA and WA?

https://www.ftb.ca.gov/individuals/filertn/nonresidents-part-year-residents.shtml Fairly straightforward definitions and how to apply resident/non-resident tax treatment for a variety of situations. If you still can't parse (and some situations can be somewhat challenging to decipher), recommend yo...
by JBTX
Wed Nov 15, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3606

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

Hard to say. Is it a big advancement opportunity for you? Do you like Dallas? My guess is cost of living and taxes will eat up most or all of your incremental earnings there. It really gets down to what is a best for your family, and what is best for your career. One thing that is nice about dallas/...
by JBTX
Wed Nov 15, 2017 10:19 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4193

Re: Regrets after reaching retirement?

Not retired yet, but probably within 5-10 years. I don't know that I'd say regrets. Travel? I wish I had traveled internationally more, but making that happen isn't always easy. Cars/Houses/material goods - do I wish I had splurged more? No, not at all. Do I think we overspent on any major purchases...
by JBTX
Wed Nov 15, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Battle of index funds- 3 against 1
Replies: 14
Views: 1795

Re: Battle of index funds- 3 against 1

As pointed out by Taylor and others, the data was cherry picked tailor made to get the desired result. Buying large caps in 1999, right before they crash, while small caps had previously not gone up nearly as much by 1999, and did not fall as much either. Personally, I'm not sold that the market wei...
by JBTX
Wed Nov 15, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: The passive investing trap
Replies: 19
Views: 3002

Re: The passive investing trap

So a financial advisor I no longer do business with sent me this article about The Passive Investing Trap. The author seems to be arguing against ETFs in general, and ETF index funds in particular, but I don't see where he's going with it (he's not advocating any alternative that I can see). The ar...
by JBTX
Wed Nov 15, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2819

Re: Where to take more risk: 401k or Roth?

I think the answer is it does not matter, provided that you adjust for funds that are pre tax (traditional), and funds that are post tax (Roth). It does matter even if the taxes are the same. Even if the taxes are the same (after SS, medicare,ACA, normal income taxes, AMT, and who the heck knows wh...
by JBTX
Mon Nov 13, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Confused about 401K choices..Please help
Replies: 11
Views: 488

Re: New Job. Confused about 401K choices..Please help

I would do what either oldcomputer guy suggests above or follow what watti suggests. The target date expense ratio is pretty comparable to a vanguard target date fund. I would think that the extra 0.05% to 0.1% is a pretty small price to pay to keep your portfolio balanced, assuming you are comforta...
by JBTX
Mon Nov 13, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Confused about 401K choices..Please help
Replies: 11
Views: 488

Re: New Job. Confused about 401K choices..Please help

Usually the plan literature will list the expense ratios. Would be helpful to include those in your post.

I’m am guessing the vanguard bond index, the 2 index stocks funds and vanguard international index will be best bets.

Whether target date good mostly depends on its comparative expense ratio.
by JBTX
Mon Nov 13, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1651

Re: Use or Lose $850 from Limited Expense FSA

I had similar situation a years ago. I’ll say up front what I did probably wasn’t totally above board but i decided I’d risk it because ultimately I didn’t want to leave MY money in the account to go to waste. I went to optimitrist in December and what they were willing to do was to sell me an expe...
by JBTX
Sun Nov 12, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 160
Views: 12515

Re: Why pay cash for a car?

Historically it seemed like even if the loan is zero if you pay cash you’ll get a discount. Now last car new there was actually $1500 incentive on price to finance. So I financed the lowest amount allowable which was about $7500 and paid it off in about 3 months. The rate was not a near zero rate If...
by JBTX
Sun Nov 12, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1651

Re: Use or Lose $850 from Limited Expense FSA

I had similar situation a years ago. I’ll say up front what I did probably wasn’t totally above board but i decided I’d risk it because ultimately I didn’t want to leave MY money in the account to go to waste. I went to optimitrist in December and what they were willing to do was to sell me an expen...
by JBTX
Fri Nov 10, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Bank Balance Sheet (M1 Finance Portfolio)
Replies: 23
Views: 990

Re: Bank Balance Sheet (M1 Finance Portfolio)

I was considering using this like a savings/checking account. I don't care, if in the short term, it earns less than a savings account. But, over time, I am curious whether it would outperform. Accordingly, I would be buying and selling as paychecks come in and expenses need to be paid. I might try...
by JBTX
Fri Nov 10, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: 1/n Portfolio
Replies: 14
Views: 1318

Re: 1/n Portfolio

Why 16.6% cash? I can kind understand the potential merits of most of the others but not following the rationale for 16.6% cash unless this is to reflect historical high market valuations. From what I understand, the 1/n portfolio is a simple heuristic to determine asset allocation. Basically if yo...
by JBTX
Fri Nov 10, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Inflation Protected Securities [TIPS] Questions
Replies: 12
Views: 760

Re: Treasury Inflation Protected Securities [TIPS] Questions

I am confused by OPS posts not sure if 30/70 stock bonds or 70/30 stock bonds. 30/70 would make more sense for 70 year old. The value of traditional bonds vs TIPS is they protect better in an economically driven market crash like 2008. Their value actually goes up as interest rates go down while st...
by JBTX
Fri Nov 10, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: 1/n Portfolio
Replies: 14
Views: 1318

Re: 1/n Portfolio

My real portfolio is primarily indexed using ETFs. My allocations are currently: US Total 30% Int'l (50-50 Developed and Emerging) 33% Active 25% REITs (50-50 US and Int'l) - 8% Cash + Bonds - 4% So, as you can see, this is an aggressive setup with negligible cash and bond exposure. It has also per...
by JBTX
Fri Nov 10, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Inflation Protected Securities [TIPS] Questions
Replies: 12
Views: 760

Re: Treasury Inflation Protected Securities [TIPS] Questions

I am confused by OPS posts not sure if 30/70 stock bonds or 70/30 stock bonds. 30/70 would make more sense for 70 year old. The value of traditional bonds vs TIPS is they protect better in an economically driven market crash like 2008. Their value actually goes up as interest rates go down while sto...
by JBTX
Fri Nov 10, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Updating Will To Add Additional Child
Replies: 6
Views: 436

Re: Updating Will To Add Additional Child

When we had our wills and living trusts set up in cost us about $1200-1500 give or take 16 years ago. A few years later we updated to second child and a few other updates for about $500. Agree with above, it is good to periodically review and update because laws change and your situation changes and...
by JBTX
Fri Nov 10, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 67
Views: 4219

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

Maybe not quite the same thing, but close. Some years back I bought some gold and silver ETFS. I envitably subside to the swan song of gold bugs and doomsday prophets extolling its protective and diversification benefits. It is down substantially, maybe close to 50%. It represents 1-1.5% of portfoli...
by JBTX
Fri Nov 10, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7968

Re: $23k credit card emergency

Put tournament credit cards away and use either a debit card or cash for expenditures. Also, every time you spend a discretionary dollar, multiply it by 8. That $15 drink, look at it as a $120 drink. Why? Because at 15% cc interest rate your balance doubles every four to five years so in 10 years it...
by JBTX
Fri Nov 10, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7968

Re: $23k credit card emergency

While you were definitely going the wrong direction, the situation is manageable, assuming you have "changed your ways" as you have described. You have gross income of $60,000, and take home of $37,700 - so that leaves $22,300 going to federal taxes, state income taxes, FICA, employee benefits contr...
by JBTX
Fri Nov 10, 2017 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34491

Re: Did you tell anyone you paid off your mortgage?

The OP question just seems kind of odd, no offense intended. I guess I don't see paying off a mortgage as some sort of huge accomplishment or sign of wealth. We had ours about half paid off, but then refinanced back up to the original amount to pay for a much needed remodel. We could have paid most ...
by JBTX
Thu Nov 09, 2017 11:48 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 122
Views: 11496

Re: The fear of retirement, black swan, and math to dissuade the fear.

technovelist wrote:
Thu Nov 09, 2017 11:18 pm


Actually for scenarios like that, a bag of silver dimes ($1000 face amount) is going to be a lot more useful than any amount of gold, since no one will be able to make change for the duration of the emergency.

Or a "dime bag" could also turn into a marketable currency. :twisted:
by JBTX
Thu Nov 09, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 122
Views: 11496

Re: The fear of retirement, black swan, and math to dissuade the fear.

Today, 30 years into the Japanese crash, we don't see millions of elderly Japanese in absolute poverty. Interesting point, and I'm not expert on Japan or its retirement system, but.. - Japanese in general save a lot more than we do in the US - I'm not sure that in 1990 you had a lot of Japanese who...
by JBTX
Thu Nov 09, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Maximizing use of electrician - outlet repair/upgrades
Replies: 20
Views: 1402

Re: Maximizing use of electrician - outlet repair/upgrades

I had a handyman fix a couple of GFI outlets when he was here. Took him no time flat.
by JBTX
Thu Nov 09, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest my settlement
Replies: 16
Views: 1550

Re: How to invest my settlement

Some follow up thoughts...on the truck :D If you took that $70K and instead of buying a truck, invested it, in real/inflation adjusted terms, that could be anywhere from $200,000 to $400,000 in 30+ years. At your stage and age, think about how much future funds you are giving up. Is it really worth ...
by JBTX
Thu Nov 09, 2017 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Having almost 90% of investments with Target Retirement account
Replies: 18
Views: 3655

Re: Having almost 90% of investments with Target Retirement account

If you are in the 28% bracket and expect to stay there, that's even more of a reason to use Traditional. See https://www.bogleheads.org/wiki/Traditional_versus_Roth. It is almost a no brainer. A couple of things could put you in a lower tax bracket someday. 1) You get married to someone that does n...
by JBTX
Thu Nov 09, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest my settlement
Replies: 16
Views: 1550

Re: How to invest my settlement

I guess my advice would be not to buy a $70K truck. Do you really need it? You've come into a substantial sum of money and that makes you feel wealthy. If you had accumulated that amount over 20 years, you wouldn't feel as wealthy. You will find many posters in this forum with 7 figure net worth and...
by JBTX
Thu Nov 09, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) or Roth 401(k)?
Replies: 21
Views: 1870

Re: 401(k) or Roth 401(k)?

Also as for 529s for the kids… husband and I have been talking about starting an account. Then I learned recently that my company offers after-tax 401(k) contributions. From what I read (hopefully correctly), does it make sense to doing a mega backdoor Roth instead of 529 once we fully max our pre-...
by JBTX
Thu Nov 09, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: How old are you and what size is your portfolio?
Replies: 33
Views: 4106

Re: How old are you and what size is your portfolio?

DaftInvestor wrote:
Thu Nov 09, 2017 9:33 pm
46 with $5.2M in investments.
Hoping to have enough to retire early at 55 but I've got a way to go.
Well I guess you are planning to live it up in retirement. :sharebeer

If you need a house sitter for one of your beach houses send me a PM. My rates are very reasonable. :twisted:
by JBTX
Thu Nov 09, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Beneficiary Designation on Traditional IRA
Replies: 8
Views: 702

Re: Beneficiary Designation on Traditional IRA

My recollection is it isn't a great idea to have minors as beneficiaries, for specific legal reasons, especially for retirement accounts. I'd recommend you do some research into this.

https://www.kiplinger.com/article/retir ... -care.html
by JBTX
Thu Nov 09, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3741

Re: What is a reasonable emergency fund for HI family?

I argue that the higher your income, the less you may need an EF. I don't keep one at all anymore. My reasons are as follows: 1. My husband and I both work, and we each earn enough to cover our typical household expenses if the other were to get laid off. Our actual fixed, non-discretionary costs a...
by JBTX
Thu Nov 09, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's retirement money PLZ
Replies: 9
Views: 872

Re: Help with Mom's retirement money PLZ

Since this is at your initiative not theirs, I would tread lightly. One suggestion: Leave some amount in the local savings account, eg $30,000. Put $120,000 into something like an Ally 11 month no penalty CD getting 1.5% and with FDIC insurance. Transfer the investment account to Vanguard and have ...
by JBTX
Thu Nov 09, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bank Balance Sheet (M1 Finance Portfolio)
Replies: 23
Views: 990

Re: Bank Balance Sheet (M1 Finance Portfolio)

I was considering using this like a savings/checking account. I don't care, if in the short term, it earns less than a savings account. But, over time, I am curious whether it would outperform. Accordingly, I would be buying and selling as paychecks come in and expenses need to be paid. I might try...
by JBTX
Thu Nov 09, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2053

Re: What backup service to use?

Carbonite
by JBTX
Thu Nov 09, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Best mobile Family Plan for 4 Lines?
Replies: 21
Views: 1076

Re: Best mobile Family Plan for 4 Lines?

Disclaimer: Non-Retail Sprint employee talking. I would go with the Sprint or T-Mo Family plan at $160 a month for unlimited talk/text/data with hotspot ability. AT&T/Cricket and Verizon/Boom have the worst pre or post plans right now and that's not going to change for awhile as they need to invest...
by JBTX
Thu Nov 09, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Should I bail on AT&T and Directv?
Replies: 25
Views: 1759

Re: Should I bail on AT&T and Directv?

No (to the OP's question). Full disclosure: I own a large amount of T. 😀 I posed the question to the ATT rep on the phone, why should I stay with ATT at $220 when sprint comparable phone package is at $120? I never really got a good answer. As a enterprise (non-retail) Sprint employee there's absol...
by JBTX
Thu Nov 09, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Criticize my portfolio please but have mercy on me
Replies: 21
Views: 2347

Re: Criticize my portfolio please but have mercy on me

While where you invest your money is obviously important, I think for OP right now the most important is to increase the savings rate, substantially. You are making a good income, based on tax rate, so you should be able to save substantial amounts. Scale back your expectations of size of house. Get...
by JBTX
Thu Nov 09, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: How old are you and what size is your portfolio?
Replies: 33
Views: 4106

Re: How old are you and what size is your portfolio?

Seems like I have seen other threads like this and many people actually answering it.
by JBTX
Thu Nov 09, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: How to buy a new car with a trade-in.
Replies: 24
Views: 1513

Re: How to buy a new car with a trade-in.

Years ago, I separated transactions, drove down the new car price, and then got whatever I could with trade in. Now with internet pricing, you can go to a site like cars.com and autotrader and get a pretty good idea what both the new and old car are worth. Go back and forth with a couple of dealers ...
by JBTX
Thu Nov 09, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: Should I bail on AT&T and Directv?
Replies: 25
Views: 1759

Re: Should I bail on AT&T and Directv?

TonyDAntonio wrote:
Thu Nov 09, 2017 3:38 pm
No (to the OP's question).

Full disclosure: I own a large amount of T. 😀
I posed the question to the ATT rep on the phone, why should I stay with ATT at $220 when sprint comparable phone package is at $120? I never really got a good answer.
by JBTX
Thu Nov 09, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Should I bail on AT&T and Directv?
Replies: 25
Views: 1759

Re: Should I bail on AT&T and Directv?

You could try out DirectvNow for a free month. If it would work for you then with the ATT discount it would be $10/month. I heard that some DVR functionality is coming to DirectvNow but I really don't know much about it. Just something to look into. I tried DirectvNow via a FireTv with wired Ethern...
by JBTX
Thu Nov 09, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Should I bail on AT&T and Directv?
Replies: 25
Views: 1759

Re: Should I bail on AT&T and Directv?

fellow North TX member checking in....curious about your experience with Spectrum internet. Currently with Frontier for TV+Internet but looking to drop to a Internet only plan as we will be cutting cord soon. Certainly you can renegotiate a plan with ATT? If ipad use is limited to home and public a...
by JBTX
Thu Nov 09, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Should I bail on AT&T and Directv?
Replies: 25
Views: 1759

Re: Should I bail on AT&T and Directv?

You could try out DirectvNow for a free month. If it would work for you then with the ATT discount it would be $10/month. I heard that some DVR functionality is coming to DirectvNow but I really don't know much about it. Just something to look into. I tried DirectvNow via a FireTv with wired Ethern...