Search found 81 matches

by Edward Joseph
Wed Jul 17, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Would you pay that much for parking?
Replies: 26
Views: 1835

Re: Would you pay that much for parking?

I've always lived in snowy areas. I also got to a point in my life when I decided I was too old to scrape ice and brush snow off my car before work in the mornings. (Especially in dress clothes.) I'd pay it. Non-covered parking is a deal breaker for me at this point in my life.
by Edward Joseph
Sun Jul 07, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 2388

Re: Prenuptial for future son-in-law

I think this will be very strange. What exactly are you trying to protect with the prenup? The way I understand it, if he incurs the student loan debt before the marriage (this situation) it is not considered marital debt. If they divorce all the student loan debt stays with him. From a practical st...
by Edward Joseph
Fri Jun 28, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Managing Debt - Tracking & Analysis
Replies: 17
Views: 1187

Re: Managing Debt - Tracking & Analysis

I don't have any debt but I use mint.com. It's a great tool for a number things personal finance related including debt analysis. Its sort of an aggregation tool to view your debts at banks, finance companies, etc. However, it won't show you an amortization schedule or help with early payoff options...
by Edward Joseph
Tue Jun 18, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Waiting to prepay mortgage until you can pay the whole thing off?
Replies: 28
Views: 3340

Re: Waiting to prepay mortgage until you can pay the whole thing off?

1) This actually results in immediate cash flow benefits (whereas steadily prepaying your mortgage does not until the mortgage is paid off) You can possibly recast the mortgage after making a large principal payment and without changing any terms of the loan, lower your P&I payment going forward. I...
by Edward Joseph
Mon May 27, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Determining how I rank relative to my Metro Area? (Net Worth, Income)
Replies: 8
Views: 1926

Determining how I rank relative to my Metro Area? (Net Worth, Income)

Are there any resources out there that help me determine how my income or net worth ranks compared to my specific metro area or city? I live in a city which has a price index of about 90 (USA average is 100). I looked at the Bureau of Labor statistics site but didn't have any luck. I know I can easi...
by Edward Joseph
Sun May 12, 2019 6:02 am
Forum: Investing - Theory, News & General
Topic: Is an annuity tax-free if purchased with insurance pay-out?
Replies: 4
Views: 585

Re: Is an annuity tax-free if purchased with insurance pay-out?

In this case, since the annuity would be purchased with after-tax money, only the "gains" are taxable. If the annuity is a deferred VA, the gains come out first (LIFO) and are taxed as ordinary income. If it's a SPIA, the gains are also taxed as OI, however they are spread out over her life expectan...
by Edward Joseph
Wed Apr 03, 2019 8:36 am
Forum: Personal Investments
Topic: Lifestrategy vs 100% Stock in HSA
Replies: 18
Views: 1374

Re: Lifestrategy vs 100% Stock in HSA

I only slightly agree with the other comments. Unless you'll never touch these funds for health expenses, you still may need to access part of the HSA for medical expenses as early as tomorrow. In my opinion, you should keep approximately 1 year's worth of out-of-pocket, max health care expenses in ...
by Edward Joseph
Wed Mar 20, 2019 3:12 pm
Forum: Personal Investments
Topic: Weed stocks?
Replies: 36
Views: 2485

Re: Weed stocks?

greg24 wrote:
Wed Mar 20, 2019 1:33 pm
Wait for the S&P420 Index Fund.
:thumbsup That's pretty good!
by Edward Joseph
Wed Mar 20, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Personal HSA Account Transfers
Replies: 7
Views: 476

Re: Personal HSA Account Transfers

I'm in the middle of this right now. I just mailed my Transfer ppwk to Fidelity. So far, it's been an incredibly easy process. Hopefully everything will transfer over correctly. The Asset Allocation was my biggest question. Taking some other feedback, I'm going to keep 1-2 years of max, annual out-...
by Edward Joseph
Wed Mar 20, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Personal HSA Account Transfers
Replies: 7
Views: 476

Re: Personal HSA Account Transfers

I'm in the middle of this right now. I just mailed my Transfer ppwk to Fidelity. So far, it's been an incredibly easy process. Hopefully everything will transfer over correctly. The Asset Allocation was my biggest question. Taking some other feedback, I'm going to keep 1-2 years of max, annual out-o...
by Edward Joseph
Fri Mar 15, 2019 8:20 am
Forum: Personal Consumer Issues
Topic: 2 days in New York City
Replies: 54
Views: 3387

Re: 2 days in New York City

Spent a few days there last summer near Columbus Circle (lower edge of Central Park). This question will mostly depend on your interests. I stayed in Manhattan and didn't venture into the other boroughs. -Museum of Modern Art -Natural History Museum -9/11 Memorial (bring tissues) -WTC/downtown -St. ...
by Edward Joseph
Thu Jan 24, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44176

Re: What lifestyle creep made you happier?

Custom fitted suits.
by Edward Joseph
Thu Jan 17, 2019 5:23 pm
Forum: Personal Investments
Topic: Very short term cash - where to put it
Replies: 13
Views: 1894

Re: Very short term cash - where to put it

There's no reasonable reason to hold it anywhere other than the savings account at 1-2 Banks for FDIC insurance. Vanguard Prime money market would work also but not really worth the effort IMO for no FDIC insurance and a few extra basis points.
by Edward Joseph
Thu Jan 17, 2019 5:16 pm
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 3241

Re: What shelf liquor and your favorite cocktails?

My two go-to's (although reasonably priced)....

Hendricks Gin & tonic w/lime
Laphroaig Scotch - neat
by Edward Joseph
Sat Dec 29, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mint Experts - Tips & Tricks
Replies: 6
Views: 823

Re: Mint Experts - Tips & Tricks

How is everyone handling savings - for example additional mortgage principal payments? You can label it mortgage but then it shows up as spending or you can label it transfer or you can set up a category known as savings. What seems to work best for everyone? Never paid extra on a mortgage, but whe...
by Edward Joseph
Sat Dec 29, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mint Experts - Tips & Tricks
Replies: 6
Views: 823

Re: Mint Experts - Tips & Tricks

When tracking expenses, I want everything to show up as either 1 of 2 Primary categories... 1. Needs, or 2. Wants Mint won’t let me edit the primary category headings so I have to use 2 that they give me.. 1. Bills & Utilities (represents “needs”) 2. Shopping (represents “wants”) Under each of these...
by Edward Joseph
Mon Dec 10, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 89
Views: 5817

Re: [Anyone drop cable for YouTube TV?]

Literally signed up two weeks ago and love it so far. Cancelled my cable and turned in all my hardware last week. It unfortunately not available in every market though so be aware. I'm still learning and navigating the DVR services on it. I'm streaming it on a couple Roku streaming stick+ devices. I...
by Edward Joseph
Wed Dec 05, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: The overwhelming majority lose in a zero-sum trading game.
Replies: 52
Views: 5558

Re: The overwhelming majority lose in a zero-sum trading game.

Are people here still tempted by active funds? I thought that most Bogleheads would prefer index funds to active funds without having to be convinced. Probably the biggest drawback to "active" funds are the high costs. Bogleheads do strongly support index funds predominantly, however Vanguard has s...
by Edward Joseph
Wed Nov 21, 2018 6:50 am
Forum: Personal Investments
Topic: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing
Replies: 24
Views: 3459

Re: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing

Taylor, Thanks for responding again to my query about your opinion of another respondent to my post, Edward Joseph, who described the plan he has set up for his parents, who are about my age of 68. His plan of "increasing equity glide path", which I have just learned about from him for the first ti...
by Edward Joseph
Tue Nov 20, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: Regulators are investigating whether Bitcoin was propped up illegally
Replies: 30
Views: 2130

Re: Regulators are investigating whether Bitcoin was propped up illegally

-77% drop since last December. The US stock market dropped -79% after the 1929 crash, but it took it three years to fall that far. Bitcoin did it in less than a year. https://imgur.com/IgAWv6U.png By the way, where is the Bitcoin ETF that the Winklevoss twins have been promising us since 2014? Don’...
by Edward Joseph
Sun Nov 18, 2018 7:01 pm
Forum: Personal Investments
Topic: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing
Replies: 24
Views: 3459

Re: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing

I'd appreciate any help on making these decisions: 1. between automatic daily rebalancing funds, and DIY 3-4 Fund Portfolio 2. Choosing the "4 yrs Emergency expenses" backup described above as part of either plan as a safety net against sequence risk early in retirement. I strongly prefer the singl...
by Edward Joseph
Tue Nov 13, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1041
Views: 93076

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Do you need to be separated from service to transfer HSA funds to someone like Fidelity (like you do most 401k plans)? I'd like to keep contributing to my current employer's HSA, however move the existing assets to a better fund company like Fidelity.
by Edward Joseph
Sat Oct 06, 2018 7:13 am
Forum: Personal Investments
Topic: Variable Annuities - Already Commited, Now What?!?!
Replies: 5
Views: 815

Re: Variable Annuities - Already Commited, Now What?!?!

All three of the Annuity company's you mentioned will have a form you fill out requesting the RMD's. They'll calculate the numbers for you. Contact them, fill the 3 forms out and send them back in. They'll also ask for banking info if you want direct deposit or a check mailed. Unless your Father mad...
by Edward Joseph
Thu Oct 04, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 4264

Re: Black suit with dark brown shoes?

I understand not wanting to haul an extra pair of shoes back and forth. FedEx them to yourself at the hotel and then home afterwards. It's certainly an added expense but I've done that with golf attire (shoes/clothes) when I try and travel light for business.
by Edward Joseph
Tue Sep 25, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Is there any point to keeping old X-rays?
Replies: 8
Views: 765

Re: Is there any point to keeping old X-rays?

Can't speak to chest X-rays, but I do have a recent digital file of the x-rays of my teeth & jaw I got from the dentist. It's morbid, but I gave it to my parents in the incredibly unlikely event they were needed to identify my body. I guess I've just watched too much C.S.I. over the years. :)
by Edward Joseph
Thu Sep 06, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3230

Re: How Big of a Mortgage Should We Get?

Just pay cash and be done with it. You can always take out a loan (or line of credit) off the house anytime you'd like if you start to get uncomfortable and need cash. You'll rebuild your savings & taxable investments backup in no time. Isn't a line of credit only off your principal of your loan? T...
by Edward Joseph
Thu Sep 06, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3230

Re: How Big of a Mortgage Should We Get?

Just pay cash and be done with it. You can always take out a loan (or line of credit) off the house anytime you'd like if you start to get uncomfortable and need cash. You'll rebuild your savings & taxable investments backup in no time.
by Edward Joseph
Thu Aug 09, 2018 4:44 am
Forum: Investing - Theory, News & General
Topic: HBO Hard Knocks Clip - Compound Interest Clip
Replies: 10
Views: 1478

Re: HBO Hard Knocks Clip - Compound Interest Clip

Browns fan here so I am especially enjoying this year’s season of Hard Knocks. The only thing I didn’t really like is that the other players seems to be under the impression that they can get 10% interest in the bank. (May have been the clip’s editing though.) Other than that, good overall message a...
by Edward Joseph
Wed Jul 25, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Buying house with cash
Replies: 12
Views: 1443

Re: Buying house with cash

Your situation couldn't be more ideal. (Based on the information you gave.) Pull the trigger with cash, no questions asked.
by Edward Joseph
Sat Jul 21, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5496

Re: I dont know how to spend money

I had similar questions in my late 20's. It was more along the lines of not knowing the appropriate ways to spend money. For close to 15 years, I've abided by the 50-30-20 framework. (google it for more details) To be more conservative--start with your take home pay. 50%- Needs . (Utilities, basic f...
by Edward Joseph
Tue Jul 17, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Class Reunion Fund: How to Hold and Where to Invest?
Replies: 14
Views: 907

Re: Class Reunion Fund: How to Hold and Where to Invest?

Do a 10yr CD, 10yr Bond or High Yield money market account. Have the Bank or Investment firm automatically withhold about 15-20% of the interest for taxes. This will help prevent you having to face out of pocket tax liability.
by Edward Joseph
Sat Jul 07, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 45
Views: 3135

Re: 401k loan to pay off debt?

I don't love the idea. Maybe it can be justified with math, however you're really just moving money round without accomplishing much. I know you're paying yourself back interest with the 401k loan, but what is the interest rate? Also, you'll be pulling a chunk of money out of the markets that's curr...
by Edward Joseph
Wed Jul 04, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 140
Views: 13787

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

I lived in Minneapolis for about 15 months in my late 30's for work and loved it. I'm a big-city guy and am also a midwesterner so it gave me that big-city vibe that was less expensive and less busy than a place like Chicago. My experience with the "Minnesota Nice" thing is that it's true with a cav...
by Edward Joseph
Sat Jun 30, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Can someone answer a non qualified annuity questions?
Replies: 4
Views: 650

Re: Can someone answer a non qualified annuity questions?

I would first 1035 to Vanguard to reduce fees. Vanguard charges 0.45-0.55% versus whatever (probably 2+%) at the bank. I might reconsider this advice because I doubt the Father is paying fees. I don't think the OP mentioned it, but if this is a VA and all the money is in the Fixed Bucket-typically ...
by Edward Joseph
Sat Jun 30, 2018 7:23 am
Forum: Personal Investments
Topic: All-cash, or part-cash, payment for house?
Replies: 11
Views: 1560

Re: All-cash, or part-cash, payment for house?

I'm the same age and in basically the same position. I'll probably put 100% down when the time comes-it just depends on how much house I want to buy. If debt makes you as uncomfortable as you mention then you might want to do the same. Obviously know one knows what the markets will do in the future ...
by Edward Joseph
Mon May 28, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum versus annuity - could use your insight.
Replies: 18
Views: 2586

Re: Lump sum versus annuity - could use your insight.

How's the health of you and your spouse? Does longevity run in your families? Trying to estimate lifespan is a key variable as well.
by Edward Joseph
Sun May 13, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Moving Assets into an Irrevocable Trust
Replies: 5
Views: 786

Re: Moving Assets into an Irrevocable Trust

As stated by the previous commenter, the Irrevocable Trust owns the house--not the son/trustee. This transfers assets out of the owners name and it cannot be changed back. (Possibly some rare exceptions.) If they want the house sold, the Trust sells the house and the proceeds remains in the Trust. T...
by Edward Joseph
Fri May 04, 2018 6:09 am
Forum: Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 21092

Re: Ed. Jones rep didn't like our plan, now we're locked out

It's unlikely that the Advisor can "lock" you out of your account. There is also nothing wrong with him dissolving the relationship. Advisors "fire" clients just like clients "fire" Advisors. Your account will just be moved to an Edward Jones "house account" until you decide on a new EJ Advisor or m...
by Edward Joseph
Wed Apr 25, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 2837

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

And lastly, you can do the same thing as the insurance co offering FIA at much lower cost. The publicly-traded insurance companies disclose exactly how they achieve these results (no loss of principal, some chance at appreciation) and it is relatively simple. 1. Buy bonds. 2. Use some or all of the...
by Edward Joseph
Wed Apr 25, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 2837

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

(A possibility is that the "generic" FIAs he studied do not exist as real products today and that the real purpose of the paper is to encourage insurance companies to offer better products... I know there’s one called New Heights 9 from a prominent, large Insurance company. It’s uncapped and from w...
by Edward Joseph
Tue Apr 24, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 2837

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

This might be the paper? Fixed Indexed Annuities: Consider the Alternative Fixed index annuities are different from each other and hard to understand, and FINRA actually has a warning (OK, an "alert") about them: Equity-indexed annuities: A Complex Choice And according to FINRA, "EIAs were first so...
by Edward Joseph
Tue Apr 24, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 2837

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

1. Cost (obvious and those that are not obvious) There isn't a cost.(Ins company keeps the performance above the caps of 8-10% though.) Or, if its an uncapped FIA, there can be a small spread. He apparently accounted for this spread in the analysis. 2. How much did Mr. Ibbotson get paid to write th...
by Edward Joseph
Tue Apr 24, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 2837

Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

Are you able to poke holes in this investment strategy? (Linked articles) Famed Finance Professor Roger Ibbotson has done a lot of recent work and crafted a Whitepaper identifying strategies to use Fixed Index Annuities (FIAs) from insurance companies as an alternative to all or part of the bond por...
by Edward Joseph
Mon Apr 02, 2018 2:36 pm
Forum: Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 7326

Re: Annuity w guaranteed 5-6% return?

It's probably a deferred VA with an Income Rider. The 5-6% is most likely applied to their Income Base and not to the contract value. The Income Base is what their payout percentage is based off of. If they want to walk away after the CDSC is up, they walk with whatever the contract value is. The co...
by Edward Joseph
Tue Mar 20, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Kettlebell Swing experience?
Replies: 50
Views: 5412

Re: Kettlebell Swing experience?

I used to do a workout that alternated kettlebell swings and burpees. 20 reps of one and 20 of the other and then 19 reps of one and 19 of the other repeating all the way down to 1 single rep. It was a great workout. My heart rate was through the roof. Make sure you practice your form with a lighter...
by Edward Joseph
Mon Mar 19, 2018 11:48 am
Forum: Personal Investments
Topic: Spreadsheets Samples and What To Keep Track Off
Replies: 5
Views: 995

Re: Spreadsheets Samples and What To Keep Track Off

Also, I used to create a Statement of Cash Flows to accompany my Mint account, but now all I use is Mint for that. The monthly expense tracking became too tedious.
by Edward Joseph
Mon Mar 19, 2018 11:46 am
Forum: Personal Investments
Topic: Spreadsheets Samples and What To Keep Track Off
Replies: 5
Views: 995

Re: Spreadsheets Samples and What To Keep Track Off

I religiously keep a Balance Sheet. One one tab is the Main Sheet that I update every Jan 1. A second tab shows my running yearly balances for all assets and liabilities for the past 12 years or so. Its amazing to look back and watch your net worth grow over time. I wish I started it with my first f...
by Edward Joseph
Sun Mar 18, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 9714

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

If you feel you can personally handle your investments through Vanguard (as most of us here can), then I would just proceed on your own picking your own Index Funds through Vanguard. This, of course, includes handling all the potential Transfers or 1035x's yourself which at times can get complicated...
by Edward Joseph
Fri Mar 16, 2018 4:58 pm
Forum: Personal Investments
Topic: Short-term goal portfolio: Should I sell bonds and buy other assets?
Replies: 17
Views: 1422

Re: Short-term goal portfolio: Should I sell bonds and buy other assets?

I have a similar goal with a portfolio earmarked for a down payment in maybe 1-3 years. I also have a similar allocation of 20% equities to 80% bonds. However, I've shortened the duration of my bond funds portfolio to about 1-3 years on average. The Long Term bond holding you have would make me nerv...
by Edward Joseph
Tue Mar 06, 2018 9:51 am
Forum: Personal Investments
Topic: Vanguard Total World Stock ETF (VT) as a proxy for an internationally diversified portfolio?
Replies: 20
Views: 3930

Re: Vanguard Total World Stock ETF (VT) as a proxy for an internationally diversified portfolio?

I'll comment on the equity side of your portfolio. VT is an excellent choice as long as you don't mind a roughly 50% allocation to non-US equities. I believe the etf/fund does a good job of encapsulating the entire global economy. Personally, on the equity side, I use a combination of VTI and VXUS ...