Search found 7 matches

by jjj88
Sat Mar 31, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: auto/umbrella insurance agents
Replies: 7
Views: 707

auto/umbrella insurance agents

I've always used State Farm for my insurance but I'm frustrated that recently my premium seems to inflate 5%+ every renewal period. Even more frustrating is shopping around for a new insurance provider -- it's time consuming, requires disclosing information which then leads to spam email/phone calls...
by jjj88
Thu Feb 08, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy Coverage Amount
Replies: 11
Views: 937

Re: Umbrella Policy Coverage Amount

Thanks everyone for the replies. LeeMike, it sounds like you were happy with your insurance carrier, is this right? If so, do you mind sharing which carrrier you use?
by jjj88
Thu Feb 08, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy Coverage Amount
Replies: 11
Views: 937

Umbrella Policy Coverage Amount

I am trying to figure out how much umbrella insurance makes sense for me. Quick background: financially conservative, ~$3M net worth (mostly brokerage accounts), no primary residence, NY State resident. My plan: $5M policy. Rationale: I want to protect against the scenario where I am sued and found ...
by jjj88
Wed Jan 24, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Car buy/lease question
Replies: 8
Views: 761

Car buy/lease question

I’m trying to figure out if I’m better of 1) buying a new car and then trading in the vehicle in 3 years, and then rolling the trade-in value into a new vehicle vs. 2) doing a three year lease and then rolling into a new lease at the end of three years. (I know I’d be better off holding onto the car...
by jjj88
Fri Jan 05, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question re: multiple IRAs
Replies: 2
Views: 220

Question re: multiple IRAs

I have an existing pre-tax IRA with a decent amount of embedded capital gains. I just learned of the backdoor roth IRA as a way to contribute more money to a tax-advantaged savings account. However, I've read that if I make contributions into my existing IRA and then try to roll that into a roth IRA...
by jjj88
Wed Dec 06, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 25375

Re: Prepayment of SALT Taxes? [State and Local]

Wow thanks for all of the thoughtful replies, this is a great community! I thought my potential strategy was going to be quickly dismissed, but it sounds like there is some debate on here and the rules may be state dependent. I’m going to check with some tax professionals in my state (NY) and will r...
by jjj88
Mon Dec 04, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 25375

Prepayment of SALT Taxes? [State and Local]

I'm a first time poster and see that speculating on the proposed tax plan is not allowed in this forum because it is not actionable, however my question is related to the actionable strategy of prepaying SALT taxes this year. I hope I am not violating forum rules. I've seen articles that suggest pre...