Search found 3536 matches

by JBTX
Fri Aug 17, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 34
Views: 2539

Re: High tax bracket - Go 100% Roth in tax advantaged?

Retire early. That's not for everyone. Warren Buffett didn't. Marc Cuban didn't. Grant Cardone didn't. Ben Franklin didn't. Richard Feynman didn't. The list goes on. Actually, anyone I admire or respect across the board - did not retire early. Retirement is very flexible concept. I would argue that...
by JBTX
Fri Aug 17, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 2581

Re: Do we really need to save 20 % ?

It really depends on the loan rate, but I tend to agree with your wife. I would however prioritize any tax deferred investing opportunities you may have.

As to 20% savings, it really depends. The less you save the longer you will have to work.
by JBTX
Thu Aug 16, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia.
Replies: 22
Views: 1445

Re: Enough. How do I invest in Australia.

Looking at those graphs it appears perhaps all of the Australian out performance is due to the 1930s. Australia didn't take much of a hit during great depression. The US lost much more than 50% After that I suspect the returns are pretty similar. Here's the decade-by-decade performance comparison f...
by JBTX
Thu Aug 16, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate?
Replies: 62
Views: 4455

Re: Why the Yale Endowment Hate?

I'm a 29 year old investor with some knowledge of index investing. In my Roth IRA, I have the following allocation, which is the Yale Endowment model with a small-cap value tilt: Total Market 35.0% Real Estate 20.0% Small Cap Value 10.0% International Dev. 15.0% Emerging Markets 5.0% TIPS 7.5% Long...
by JBTX
Thu Aug 16, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia.
Replies: 22
Views: 1445

Re: Enough. How do I invest in Australia.

...I'm not interested in claims that past performance doesn't guarantee future results... That's not a "claim," that's a fact. Evidence is evidence, and I'm ready to use it. Evidence is evidence, and I'm ready to use the evidence that past performance doesn't guarantee future results. Does anyone k...
by JBTX
Thu Aug 16, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 34
Views: 2539

Re: High tax bracket - Go 100% Roth in tax advantaged?

Retire early. That's not for everyone. Warren Buffett didn't. Marc Cuban didn't. Grant Cardone didn't. Ben Franklin didn't. Richard Feynman didn't. The list goes on. Actually, anyone I admire or respect across the board - did not retire early. Retirement is very flexible concept. I would argue that...
by JBTX
Thu Aug 16, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 34
Views: 1847

Re: Non-owner contributing to home renovations: what's fair?

Agree if you want separate finances I'm not sure why she would pay part of yours. If then you want to give her equity in your home that is a bigger mess. If she wants to give you a gift, and you want to accept it, that is up to you. But at that point it kind of obligates you to assist her with her n...
by JBTX
Thu Aug 16, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Traditional 401k? + Roth IRA
Replies: 4
Views: 339

Re: Roth or Traditional 401k? + Roth IRA

I've read a lot of responses on this question but haven't seen a post that seemed close enough to my own situation so I figured I'd post one. Basically, I'm trying to figure out whether to contribute to my roth or traditional 401k. Below are some basic facts about me. -26, single (remaining single ...
by JBTX
Thu Aug 16, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 34
Views: 2539

Re: High tax bracket - Go 100% Roth in tax advantaged?

Retire early. That's not for everyone. Warren Buffett didn't. Marc Cuban didn't. Grant Cardone didn't. Ben Franklin didn't. Richard Feynman didn't. The list goes on. Actually, anyone I admire or respect across the board - did not retire early. Early retirement forums are filled with doom and gloom ...
by JBTX
Thu Aug 16, 2018 1:08 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 501
Views: 27474

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Currency risk is related to fluctuations in exchange rates. It only exists across borders, i.e. when investing internationally. There is no currency risk involved if you use dollars to invest in dollar-denominated assets. The risk of a local currency collapse is not "currency risk." Venezuelans try...
by JBTX
Thu Aug 16, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Mail order pharmacy
Replies: 45
Views: 1476

Re: Mail order pharmacy

Typically your health insurance company will have a preferred mail order provider. I have used them for years. Generally service is good, you get 90 days vs 30, and the copays/out of pockets are slightly lower.
by JBTX
Thu Aug 16, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 34
Views: 2539

Re: High tax bracket - Go 100% Roth in tax advantaged?

I'm a big fan of Roth and think it makes sense to have both traditional and Roth. However if I were in a 45% marginal rate I'd go traditional. I just could not pass up a 45% up front reduction in taxes. My bet would be somewhere down the line my tax rate will decrease and I could do Roth conversions.
by JBTX
Wed Aug 15, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need disability insurance
Replies: 4
Views: 311

Re: Do I need disability insurance

Interesting article https://www.nytimes.com/2010/02/06/your-money/life-and-disability-insurance/06money.html https://archive.nytimes.com/www.nytimes.com/imagepages/2010/02/06/business/06money_g.html?action=click&contentCollection=Your%2520Money&module=RelatedCoverage&pgtype=article®ion=EndOfArtic...
by JBTX
Wed Aug 15, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 30
Views: 1411

Re: Negative Insurance Discount with United Health Care and Sentara

What's a negative discount? Normally, the contracted amount between the insurance company and the provider is less than the sticker price. That has been the case with every other procedure I have ever had. In this case however, supposedly, the contracted amount is double the sticker price. So inste...
by JBTX
Wed Aug 15, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 31
Views: 4701

Re: Why bonds when they return nothing over inflation?

While anything is possible, nobody is predicting stocks to grow at 6% real for the next decade or so. Bogle predicts something like 4% nominal.
by JBTX
Tue Aug 14, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Warns of Worsening Odds for the Economy and Markets [Portfolio help]
Replies: 12
Views: 1400

Re: Vanguard Warns of Worsening Odds for the Economy and Markets [Portfolio help]

I suspect if you are worrying about corrections, age minus 25 in bonds is too aggressive.
by JBTX
Tue Aug 14, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 21
Views: 1735

Re: Another Roth vs Traditional Debate

One of the arguments for going traditional is you can do Roth conversions in later years. Your scenario blows that up. I've never understood the argument that Roths may be banned and taxed retroactively (which would be extraordinary) but tax rates won't go up (which has happened frequently historic...
by JBTX
Mon Aug 13, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 106
Views: 6803

Re: Retire in Florida or Alabama?

I apologize for not being more specific on reasonings for retiring in Alabama or Florida. They are looking to have a house in a beach community and are only considering Alabama or Florida. So pretty much anywhere east of Gulf Shores, and anywhere in Florida. I was hoping to understand what the fina...
by JBTX
Mon Aug 13, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 106
Views: 6803

Re: Retire in Florida or Alabama?

I don't quite understand the beach thing. Texas beaches have much better sand for castle building and the water is warmer than locations in both Alabama and Florida. Where are the grandkids located? I've always found TX beaches to be dumps compared to FL beaches. Not even close to comparable. Also ...
by JBTX
Mon Aug 13, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 21
Views: 1735

Re: Another Roth vs Traditional Debate

I'm just not sure I buy the argument for using a Roth for just about anyone in the accumulation phase unless you are at the bottom of the tax bracket and expect your income to go up in the near future. Even for someone with a Federal + State tax rate of 19%, I still think go traditional and here is...
by JBTX
Mon Aug 13, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance Advice for mid 30s couple
Replies: 8
Views: 1558

Re: Personal finance Advice for mid 30s couple

Thank you for your replies. I have $60k cash now and it bothers me to having it sit idle while I am paying interest on the homes. I completely understand the concept of the safety net but I know others use their HELOC as a safety instead. Dropping our rainy day fund to $20k would speed up the payin...
by JBTX
Mon Aug 13, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 21
Views: 1735

Re: Another Roth vs Traditional Debate

Up until this point I've been maxing out my pre-tax 401k, Roth IRA, and HSA. I will soon open a spousal IRA for my wife. Income Salary: $110k (wife doesn't work) Distributions: $10-25k/yr (qualified dividends) Taxes Filing Status: married filing jointly Federal tax bracket: 12% State tax bracket: 7...
by JBTX
Mon Aug 13, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: Joint checking accounts.
Replies: 26
Views: 1939

Re: Joint checking accounts.

We have separate accounts, but we are joint on them. His money goes into his account, and then I transfer it to his savings (which I am joint on). My money goes into my account and I pay all the bills and make the retirement/HSA contributions. It's how we work. Similar to ours. Two separate joint a...
by JBTX
Mon Aug 13, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Contribution to business 401k Question
Replies: 4
Views: 287

Re: Contribution to business 401k Question

Hello, I own a one-person LLC company. I set up a 401k and have been contributing to it for years. Recently, a new client paid me $18,000, but he wrote the check out to me personally instead of my company and I put the money in my personal account instead of my business account. I don’t know if he ...
by JBTX
Mon Aug 13, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3148

Re: Is your monthly expense really that stable or in reality, pretty volatile?

Occasionally I work up numbers by category based on quicken and set goals and occasionally a budget, but I rarely follow through with it. Setting a budget with little intention to act on it is mostly a waste of time. These days we mostly just track our liquidity position, to see if we are net saving...
by JBTX
Mon Aug 13, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1646

Re: Key West Family Vacation - February

I wouldn't take kids to key west 6 days.

Key west has its charms, but also a fair amount of tackiness.

viewtopic.php?f=11&t=256372
by JBTX
Mon Aug 13, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductible Health Plans & Retirement
Replies: 11
Views: 1541

Re: High Deductible Health Plans & Retirement

It depends on the specific plans and how you plan to insure yourself in retirement. I have seen some plans were the HDHP was almost a no brainer, where the savings in premiums was more than the additional out of pocket cost. I have seen others where the HDHP premiums are only modestly cheaper. Also,...
by JBTX
Mon Aug 13, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4558

Re: Marriage [How should finances be handled?]

While we each have a separate bank account and a separate credit card our finances are otherwise combined, and there is no hiding of our separate bank accounts (which are ultimately joint accounts) The few people I know who insisted on having separate "secret" accounts used them to hide wasteful spe...
by JBTX
Mon Aug 13, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1112

Re: Where to stay in Key West?

Just went to key west last month stayed at Hyatt for 3 couples u can find places on airbnb. I had researched last month, many places have pool. Recommend u stay near duval so u can walk to all bars. Keep in mind it stays pretty noisy because last time I was there (which was decades ago) cars were s...
by JBTX
Mon Aug 13, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1112

Re: Where to stay in Key West?

Concur on key west not being a beach destination. Decades ago my wife was a little disappointed with key west in that respect. If you want beach, either go to South Beach if you like the people watching, and wide beach or Key Biscayne (which is near Miami) for a bit more of a laid back environment. ...
by JBTX
Sun Aug 12, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Question/Update on my Situation
Replies: 15
Views: 1675

Re: Question/Update on my Situation

Agree with silk, if you don't have much other income you should evaluate if Roth conversions make sense.
by JBTX
Sun Aug 12, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2703

Re: How to invest ~$4mm for disabled-for-life 36-yo

I'm assuming the person cannot invest the money. Where is the person living now? With the parents? I've always heard that when applying for SSDI, they do not take into consideration any house one owns or a vehicle that is owned. I do not understand. The individual cannot work, but can live on their...
by JBTX
Sun Aug 12, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2703

Re: How to invest ~$4mm for disabled-for-life 36-yo

Seems to me the big issue is medical care. What sort of insurance does he have? Seems like they should explore special needs trust and try to become eligible for Medicaid. Did the person ever work? To get ssdi you either have to get it on your work history, or get it as an adult child, which means ...
by JBTX
Sun Aug 12, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2703

Re: How to invest ~$4mm for disabled-for-life 36-yo

Seems to me the big issue is medical care. What sort of insurance does he have? Seems like they should explore special needs trust and try to become eligible for Medicaid. Did the person ever work? To get ssdi you either have to get it on your work history, or get it as an adult child, which means t...
by JBTX
Sat Aug 11, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4318

Re: How to have “what if” discussion with retired parents?

I'm not sure how you have that conversation without being intrusive. My parents are older than this and I wouldn't dream of asking them to add me or siblings to their accounts or asking for detailed specifics. Your mom obviously has the right to ask those questions. I don't think kids do.
by JBTX
Sat Aug 11, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 21
Views: 3644

Re: $1M in cash - invest or pay down mortgage

Pay off the mortgage and annual expenses go to about $130k. $130k of expenses on 6 million net worth is less than 3.0% so I am not sure for the call to reduce expenses beyond the mortgage. And that isn't even taking into account offsetting social security income.
by JBTX
Sat Aug 11, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Would buy and hold work if Japan's lost decade happens?
Replies: 64
Views: 7489

Re: Would buy and hold work if Japan's lost decade happens?

The problem is that the U.S. is such a dominant market, that if it falters, the rest of the world is likely to falter as well. Japan is a much smaller market on a relative basis. Er? This shows a lack of understanding of what Japan was like in the 1980s. By 1989 Japan made up 45% of the global mark...
by JBTX
Sat Aug 11, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2110

Re: Helping Parents with Retirement

As to the SWR, is generally meant to be based upon the beginning of retirement. Then the $ withdrawal will increase with inflation. On balance, the remaining balance will go down, so the relative withdrawal rate against remaining funds will tend to increase. 6% may not inappropriate for an 80 year o...
by JBTX
Sat Aug 11, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 985

Re: Advice requested: making a HO claim for a roof/hail

I would replace the roof. It's already 11 years old. What if you want to move and roof looks damaged? I've had 2 roofs done in 7 years due to hail. I'm not sure that our rates have gone up any more than normal. This last go round I did class 4 impact resistant shingles. That added about $1500 to the...
by JBTX
Sat Aug 11, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1856

Re: Roth 401k vs. Traditional 401k

I don't really care what the current taxes are, that makes zero difference in this decision.... With that taken out of the analysis, you may indeed justify pretty much any decision. What your current tax rate is now, and what you pay when you withdraw later, will determine the result of that decisi...
by JBTX
Fri Aug 10, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Used Car Negotiation
Replies: 29
Views: 2654

Re: Used Car Negotiation

My experience over the last few used cars is there isn't much wiggle room. I always start by looking at prices online and compare similar cars with similar mileage. Also, you have more chance to get concessions on the phone vs at the dealership. There is more wiggle room on a trade in if you have on...
by JBTX
Fri Aug 10, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: Your opinion on online courses?
Replies: 26
Views: 2084

Re: Your opinion on online courses?

I would have liked them because I usually checked out in class and learned it on my own anyway, by my kid just took one and I think she does better with the structure of a traditional class. You have to be self motivated and also able to figure out things on your own that you don't understand.
by JBTX
Fri Aug 10, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: I have 2 401k's need some advice.
Replies: 9
Views: 433

Re: I have 2 401k's need some advice.

I currently have 2 401k's. Should I move over my old 401k that's with a different company or keep it there and move it to an Roth IRA or would there be a better option for me to look in to. I'm 44 and married and wife also has a 401k. Thanks in advance To get a better answer you would need to share...
by JBTX
Fri Aug 10, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I have 2 401k's need some advice.
Replies: 9
Views: 433

Re: I have 2 401k's need some advice.

I would move it to a IRA (you mention Roth IRA but you will pay taxes on all of it), unless there is a good reason to leave it. Some states may offer better protection for 401Ks vs IRAs, such as for divorce or wage garnishment or being sued. I administer a 401K plan for our small company and there ...
by JBTX
Fri Aug 10, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4537

Re: Should I pay 6000.00 to repair wife's car....

Hey folks, You are always very reasonable. I'm not going to go into make/model details until I hear back from the Manufacturer. Here goes - my wifes car is a 2010 model that she absolutely loves. Beautiful color - exactly everything she wanted and makes her happy to this very day. - two big issues:...
by JBTX
Fri Aug 10, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Does it matter which mutual fund goes into my Roth IRA vs. Traditional IRA?
Replies: 8
Views: 395

Re: Does it matter which mutual fund goes into my Roth IRA vs. Traditional IRA?

Here is a tricky thing I do: Whenever an ETF like DGS is going up, I put it in my Roth IRA where the gains will be tax free. Whenever an ETF like DGS is about to go down, then I sell it in the Roth IRA and buy it in the tIRA. That's because when it goes down in the tIRA it will reduce my future RMD...
by JBTX
Fri Aug 10, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1856

Re: Roth 401k vs. Traditional 401k

While I think it is good to have both, at a 35% I would go traditional. I'm going to bet that somewhere down the road I'll be able to do conversions at a lower rate. It's hard to pass up a 35% up front tax break.
by JBTX
Fri Aug 10, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6170

Re: Paper checks yes or no?

Occasionally some out of network individual medical providers take them. They either don't take credit cards or change a credit card fee. Also occasionally need for kids public school functions.
by JBTX
Fri Aug 10, 2018 7:59 am
Forum: Personal Consumer Issues
Topic: Anyone familiar with attic fans?
Replies: 32
Views: 1951

Re: Anyone familiar with attic fans?

I'd start with a roofer to replace an attic fan. They may or may not be interested in such a small job. We have 2 attic fans. We replaced both 2 years ago and one died within a year. Opinions are all over the place.on them, but I suspect the conclusion that they are energy inefficient is true. Also ...
by JBTX
Fri Aug 10, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7396

Re: Rude response from boss re: market adjustment

I suspect the formality of your proposal made it worse. An informal conversation may have gone better but he still would have said no.