Search found 3848 matches

by JBTX
Fri Sep 21, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: treating all of investments as one asset allocation pool
Replies: 11
Views: 1170

Re: treating all of investments as one asset allocation pool

As I've mentioned elsewhere, from my own calculations, the bonds in tax advantaged strategy is greatly overrated, unless you are in a very high tax bracket (and it still may be overrated), or you expect interest rates to increase substantially. In general, I have found that in moderate growth and mo...
by JBTX
Fri Sep 21, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: One thing I dislike about TDFs
Replies: 18
Views: 582

Re: One thing I dislike about TDFs

Personally I think having 80-100% of equity investments in one country is "too risky". Looking at the matter on a per-country basis can be misleading. Better to look at market weight or at some measure of risk versus return. I understand the concept of market weight. The US is not 80%+ of world mar...
by JBTX
Fri Sep 21, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: One thing I dislike about TDFs
Replies: 18
Views: 582

Re: One thing I dislike about TDFs

Personally I think having 80-100% of equity investments in one country is "too risky".
by JBTX
Fri Sep 21, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 63
Views: 5242

Re: Hubby soon to be laid off

I just don't understand the recommendations going into a period of economic uncertainty and immediately paying off a 2.5% $120K mortgage. Sure, it makes your monthly expense go down, but it also drains $120k of additional liquidity that will cost your practically nothing if you reinvestment in rela...
by JBTX
Fri Sep 21, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 12
Views: 538

Re: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?

I met with an estate planning attorney this week, and mentioned that a significant portion of my assets are in trad and Roth IRAs, and that I'd want them to be included in a revocable trust. She seemed a bit taken aback by this - she said this is "complicated". Is that right? Has anyone here experi...
by JBTX
Fri Sep 21, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 63
Views: 5242

Re: Hubby soon to be laid off

I just don't understand the recommendations going into a period of economic uncertainty and immediately paying off a 2.5% $120K mortgage. Sure, it makes your monthly expense go down, but it also drains $120k of additional liquidity that will cost your practically nothing if you reinvestment in relat...
by JBTX
Fri Sep 21, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 12
Views: 538

Re: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?

I met with an estate planning attorney this week, and mentioned that a significant portion of my assets are in trad and Roth IRAs, and that I'd want them to be included in a revocable trust. She seemed a bit taken aback by this - she said this is "complicated". Is that right? Has anyone here experi...
by JBTX
Fri Sep 21, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Living trusts and relabeling accounts
Replies: 25
Views: 1656

Re: Living trusts and relabeling accounts

A few related question regarding revocable living trusts Joint bank accounts - if the account is not in trust name, but has RLC as 2nd beneficiary, I assume this means the account will pass to spouse outside of probate, but if both spouses die, would go to the trust through probate? TOD accounts - s...
by JBTX
Fri Sep 21, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2790
Views: 558032

Re: What's Your Credit Card Rewards Strategy?

GOAL: one bank, two cards ( one for purchases, one for travel outside country ) CARDS: BOA cash back card, BOA travel card REWARDS: I redeem whenever I get a chance to, maybe every two months into whatever account I feel like ( spending account, vaca account ) FINAL THOUGHTS: I think people drive t...
by JBTX
Fri Sep 21, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Rear ended - Take the Cash?
Replies: 18
Views: 1502

Re: Rear ended - Take the Cash?

the bumper is detached but it is not touching the ground (clearance is about 4 inches).
This seems fundamentally unsafe to me.
by JBTX
Fri Sep 21, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 63
Views: 5242

Re: Hubby soon to be laid off

Pay off mortgage or downsize home to reduce your expenses. He can retire or semi-retire. Maybe semi-retire at first and see where you're at with a budget. 100% disagree with this. It is a 2.5% mortgage. Hold on to that as long as you can. Having the additional liquidity is valuable, and you can kee...
by JBTX
Fri Sep 21, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 58
Views: 4168

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Klang Fool assumes everybody's future tax rate will be / should be zero. I love that line of thought. I think my tax rate SHOULD be zero at all times: past, present, and the future! Well to be fair he is also assuming that you will be unemployed after 40 so a zero tax rate isn't that much of a stre...
by JBTX
Thu Sep 20, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 estimated taxes
Replies: 6
Views: 431

Re: 1099 estimated taxes

I'd appreciate some advice on estimated tax filing. I've always worked for W-2 money. I'm going to be getting paid 1099 for some work on a 6 month contract. I start next week (1 work week in September). They're paying me monthly on the last business day of the month so I'll have trace income in Q3 ...
by JBTX
Thu Sep 20, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 13
Views: 1306

Re: Universal Life article in WSJ 9/20/18

The article clarifies the mechanics of the life insurance component of typical universal life policies. Tpically the universal life policy holder ends up with 1 year term insurance which renews annually. The cost of the term insurance is low in the initial years of the policy but increases througho...
by JBTX
Thu Sep 20, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Corporate debt bubble?
Replies: 7
Views: 1098

Re: Corporate debt bubble?

Corporate debt bubble? Maybe, but some context: https://goldsilver.com/blog/corporate-debt-to-gdp-higher-than-before-2008-debt-crisis/ Yes corporate debt % to GDP is at a high. At 45%, it is only 5% higher than the 40% floor that has existed since the early 90's. In contrast, household debt to GDP w...
by JBTX
Thu Sep 20, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 17
Views: 1437

Re: Paying off mortgage vs investing?

Thoughts/Factors: - If interest is 4.75%, and inflation is 3.0%, you are only paying 1.75% in "real" interest. - whether 4.75% is good or bad depends on what you do with that money if you don't pay it off - Long term stocks and bonds will likely exceed that, but there will be a lot of volatility alo...
by JBTX
Thu Sep 20, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Saving for house down payment with Vanguard VWINX or VSCGX?
Replies: 14
Views: 1388

Re: Saving for house down payment with Vanguard VWINX or VSCGX?

The questions are: 1. How much flexibility do you have in the end date/purchase date? If the portfolio loses value, and you have to wait another year, is that a big deal? 2. How much risk are you willing to take? 3. What is your marginal tax rate? The higher the rate, the more tax inefficient conve...
by JBTX
Thu Sep 20, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio review
Replies: 16
Views: 1405

Re: Requesting portfolio review

I would eliminate the international equity portfolio as unnecessary and transfer most of it into bonds, leaving close to a 50-50 AA. With assets between $5-$15M I think risk avoidance. If for some reason you feel the need for international exposure in your portfolio keep it to a max of 20% of your ...
by JBTX
Wed Sep 19, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 14
Views: 1182

Re: Home away from home

My husband recently took a job requiring one week per month in another city, requiring a fairly long flight. His company will put him up in an extended stay hotel during those weeks but I would like to make this as comfortable and convenient as possible. People who regularly travel to a second loca...
by JBTX
Wed Sep 19, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 41
Views: 2104

Re: Moving to Dallas, how to establish residency

Thanks JBTX, that is what I had found as well. I think I am on the right track. I use USAA which is in TX, so that helps. I think I will do a complete address change to my executive apartment (we rarely get useful mail anyway). https://www.dps.texas.gov/DriverLicense/ApplyforLicense.htm How to appl...
by JBTX
Wed Sep 19, 2018 9:53 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller interview: "Market could get a lot higher"
Replies: 28
Views: 4342

Re: Robert Shiller interview: "Market could get a lot higher"

I actually view this as a negative. The biggest danger is when EVERYBODY thinks it will go up. This is the first person I've heard in a long time predicting the market will go up, most prediction threads discuss "lower expected returns over the next decade". Where is this EVERYBODY you are referrin...
by JBTX
Wed Sep 19, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 41
Views: 2104

Re: Moving to Dallas, how to establish residency

https://www.dps.texas.gov/DriverLicense/ApplyforLicense.htm How to apply for a Texas Driver License The Department issues driver licenses valid for up to six years to Texas residents. The Texas Driver’s Handbook is available online to help you qualify for a Texas driver license. You will need to pro...
by JBTX
Wed Sep 19, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA
Replies: 8
Views: 358

Re: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA

There's a gazillion threads in here about people needing 8606 help. I guess it isn't as easy as OP thinks

https://www.google.com/search?sitesearc ... +questions
by JBTX
Wed Sep 19, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA
Replies: 8
Views: 358

Re: Need help with starting solo 401 k - just so I can do Backdoor Roth IRA

I know how to do a Backdoor Roth - please do not share those links - I am asking for help with the tax portion and why are CPAs so clueless and cannot help do my taxes???? WHy do they tell me there are fees but still wont do it - take the damn fee since you are already charging me!! It doesn't seem...
by JBTX
Wed Sep 19, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for house down payment with Vanguard VWINX or VSCGX?
Replies: 14
Views: 1388

Re: Saving for house down payment with Vanguard VWINX or VSCGX?

Wellesley income is roughly 33% stocks. It will be a little less tax efficient than a comparable index fund. Plus bonds will generate taxable income. Life strategy conservative growth is about 40% stock, and includes some international stock. The rest bonds, including some international bonds. Life ...
by JBTX
Wed Sep 19, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX/VTIAX vs FSTVX/FTIPX in Roth IRA
Replies: 2
Views: 330

Re: VTSAX/VTIAX vs FSTVX/FTIPX in Roth IRA

I wouldn't move accounts for that small of a difference in expense ratios - for that level of balance...but I might move due to the difference in minimums, and the additional flexibility it brings you. If you want to put 20% in international, you can do that at $2000 or $10,000 and it doesn't matter.
by JBTX
Wed Sep 19, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 58
Views: 4168

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

We have a $397k mortgage (4.75% interest, 30 year fixed) that we just opened in June 2018. Our thought is this: If we reduced our contributions to our 401ks down to 5% to get the employer match, we could get about $1600 extra per month (after taxes) in our takehome pay to throw at the mortgage. Tha...
by JBTX
Wed Sep 19, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 58
Views: 4168

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

OP, You would have to be crazy to believe that paying 20% to 30% tax in order to save 4.75% interest is a good idea. It is a very simple math. 20% to 30% is bigger than 4.75%. KlangFool Not that simple. The 20% to 30% is not tax savings. You're just deferring it until later when you're forced to wi...
by JBTX
Wed Sep 19, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 54
Views: 2072

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

The price of real estate probably exceeds inflation slightly. The price of the land will likely exceed inflation, but the actual structure won't likely exceed inflation. Real estate as an investment, including rents, such as REITs probably has comparable return to stocks.
by JBTX
Wed Sep 19, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Convince a friend to go Boglehead
Replies: 17
Views: 966

Re: Convince a friend to go Boglehead

I learned my lesson in 2000. I convinced someone to put her 401k contributions into low-cost Vanguard index funds and get away from the funds that were charging 1.5%+. Of course, the market tanked and I was blamed for her losses. Either someone is receptive or not. If you like, you can provide one ...
by JBTX
Wed Sep 19, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns over funding priority when investing with debt
Replies: 42
Views: 1925

Re: Concerns over funding priority when investing with debt

I've been following the below bogleheads wiki guidance to prioritize investments for several years now. However, recently several factors including the ratio of my current debt to investment portfolio, the stock market condition and the tax reform motivate me to reconsider whether I should prioriti...
by JBTX
Wed Sep 19, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 34
Views: 2898

Re: Anyone hire an interior designer?

We did a remodel and had a Designer who also acted as a GC - she primarily did office spaces but did some home stuff too, and she had contractors for floors, kitchen, cabinets, paint, etc, etc. Overall it worked out well for us, because we really didn't know how to go about it. There was one piece o...
by JBTX
Wed Sep 19, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Helping invest for my mother's retirement
Replies: 2
Views: 212

Re: Helping invest for my mother's retirement

Hello all, I'm looking for advice/feedback given the following facts: -Retiree 72 yo -Fully paid condominium worth ~$205K but the development is not currently registered with HUD for reverse mortgage eligibility -Avg. monthly budget is ~$3k -Current retirement income comprised of SS, annuities, sma...
by JBTX
Wed Sep 19, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: need advice about my 401(k) from previous employer
Replies: 3
Views: 195

Re: need advice about my 401(k) from previous employer

I took a new job and am trying to figure out how best to deal with my 401(k) from my previous employer. All of it is currently in the Vanguard Target Retirement 2040 Fund which I am sure I can better optimize. My new 401(k) is setup with Fidelity but I also have a retirement account with Vanguard. ...
by JBTX
Wed Sep 19, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio review
Replies: 16
Views: 1405

Re: Requesting portfolio review

I would not use the higher cost funds. I would not hold a total stock fund in the Roth IRA because it could cause an unintended wash sale. You could exchange it to 500 Index/Extended Market Index 80/20 and have essentially the same thing. Or put the tiny Roth IRA into a REIT fund. I am leaning away...
by JBTX
Wed Sep 19, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 3904

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I agree 70/30 is too aggressive for a future estate portfolio with beneficiaries that average around 60. Their perception of risk is not as educated as yours given your background, age, etc. If it goes down a lot they will be unhappy. If it goes up, we'll it goes up. I would be at 60% stocks, max. I...
by JBTX
Wed Sep 19, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio review
Replies: 16
Views: 1405

Re: Requesting portfolio review

Hello esteemed Boglehead members, I discovered this fantastic forum about 2 years ago. It has helped me tremendously in simplifying my portfolio and rethinking my asset allocation. This is my first post. Without further ado, and following the recommended format: Debt: None Tax Filing Status MFJ Tax...
by JBTX
Wed Sep 19, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: any opinions of this fund? Vanguard Dividend Growth (VDIGX)
Replies: 15
Views: 1133

Re: any opinions of this fund? Vanguard Dividend Growth (VDIGX)

...It's important to note that the Dividend Growth strategy didn't begin until some time in the early 2000's. This was the Vanguard Utilities Fund before that... :oops: Oops. Effective December 6, 2002, the fund changed its investment objective and concentration policy. Prior to making these modifi...
by JBTX
Tue Sep 18, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller interview: "Market could get a lot higher"
Replies: 28
Views: 4342

Re: Robert Shiller interview: "Market could get a lot higher"

I actually view this as a negative. The biggest danger is when EVERYBODY thinks it will go up. Now you have people like Shiller say it could go higher, and for a while Jeremy Grantham has said he expects a "meltup" before in goes down. So even the people who think it is overvalued think it is going ...
by JBTX
Tue Sep 18, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: [Credit freezes and un-freezes are now free]
Replies: 54
Views: 1573

Re: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.

How easy is it to unfreeze it? I like to play the new credit card game to get bonus miles Unfreezing is simple. Probably too simple as GCD alluded to. When you freeze (which can often be done online, but not always) you receive a PIN for unfreezing. Obviously keep the PIN safe. When you need to unf...
by JBTX
Tue Sep 18, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank used to be more customer focused
Replies: 46
Views: 5690

Re: Chase Bank is the Devil

We own a small business and have the Chase Ink Business Preferred Visa card. We import our CC transactions into QuickBooks twice a week with the QB Direct Connect feature. Early last week, the import transactions feature stopped working. We called Chase today (a week later) and expressed our concer...
by JBTX
Tue Sep 18, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank used to be more customer focused
Replies: 46
Views: 5690

Re: Chase Bank is the Devil

We own a small business and have the Chase Ink Business Preferred Visa card. We import our CC transactions into QuickBooks twice a week with the QB Direct Connect feature. Early last week, the import transactions feature stopped working. We called Chase today (a week later) and expressed our concer...
by JBTX
Tue Sep 18, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Nytimes.com subscription price testing?
Replies: 9
Views: 764

Re: Nytimes.com subscription price testing?

You can gain access to nytimes articles simply by clearing your browsing history after about 5 articles, or using a privacy mode on browser. It is a bit of a pain.
by JBTX
Tue Sep 18, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 161
Views: 7892

Re: How real is cyber risk?

One of those conveniences being banking by phone. It's really quick and easy to do many things this way but the biggest for me is depositing checks. Check depositing via mobile is not necessarily a bad thing however. I would just ensure if using your mobile fancy thinking device for banking, you en...
by JBTX
Tue Sep 18, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 161
Views: 7892

Re: How real is cyber risk?

I have read only about half of this thread, so I apologize if someone has already mentioned this. With regard to Vanguard's implementation of Yubikey as a second factor, I agree that the use of an SMS text message as a backup is a poor decision on their part. The National Institute of Standards and...
by JBTX
Tue Sep 18, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: small group health insurance?
Replies: 2
Views: 217

Re: small group health insurance?

Has anyone had experience choosing and setting up a small group health insurance policy? I am looking into doing that for my 5-employee business and would appreciate any insight. You typically would go through a broker who specializes in such things. http://guides.wsj.com/small-business/hiring-and-...
by JBTX
Tue Sep 18, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 161
Views: 7892

Re: How real is cyber risk?

The other day I received an email with a Bank of America logo, saying account will be locked because of missing or incorrect information, and I should contact customer service, or click onto a link in the email and sign in. It was really well designed, and I am sure others will probably fall for it.
by JBTX
Tue Sep 18, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA Asset Allocation
Replies: 7
Views: 419

Re: Coverdell ESA Asset Allocation

What choices are available? Are there any "target date" glide path style funds?
by JBTX
Mon Sep 17, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life vs Universal Life Insurance
Replies: 29
Views: 1394

Re: Whole Life vs Universal Life Insurance

Kudos for deciding not too. I recently looked at some whole and universal life products quoted to a friend and the real returns were awful. Something like 2.5-3.5%. And your cash value takes years before it starts to accumulate - primary because that accumulation is going towards payment of sales co...