Search found 296 matches

by Chris K Jones
Sat May 23, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: AIG IRA American General Life Annuity Contract
Replies: 1
Views: 127

AIG IRA American General Life Annuity Contract

Greetings, I am the Executor for my mother's estate. She had 2 IRAs with AIG. These were invested in or deposited with American General Life Annuity contracts. The beneficiary for both policies is her Estate. The amounts are relatively small (combined value of about 65k). AIG tells me that the only ...
by Chris K Jones
Tue May 19, 2020 11:18 am
Forum: Personal Investments
Topic: Best place to hold 100k emergency fund?
Replies: 25
Views: 2326

Re: Best place to hold 100k emergency fund?

I use a high yield savings account. I have used Ally and Capital One. I have been happy with both. Best wishes.
by Chris K Jones
Wed May 13, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income lessons learned from Coronavirus?
Replies: 48
Views: 4248

Re: Fixed Income lessons learned from Coronavirus?

2 changes that I have made: 1. I now plan to limit my municipal bonds to 25% of my fixed income allocation. I didn't anticipate the volatility we have recently seen. I should have. 2. I was ambivalent about having an emergency fund. Not anymore. I have 6 months in high yield savings accounts and wil...
by Chris K Jones
Mon May 11, 2020 9:20 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4096

Re: What age do you use for retirement end date?

I use 95. My Mom lived till she was 88. My Dad a few years less. 95 seems like a good, conservative guess for me. I don't want to run out of money or be a burden on my survivors. Best wishes for a long life to you and all.
by Chris K Jones
Tue Apr 28, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new forecast from Christine Benz
Replies: 38
Views: 6692

Re: Vanguard's new forecast from Christine Benz

One of my favorite John Bogle quotes is "Nobody knows nothing!"
by Chris K Jones
Tue Apr 28, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: How to return dead father's stimulus check
Replies: 9
Views: 1358

Re: How to return dead father's stimulus check

Check this:

https://www.latimes.com/california/stor ... th-payment

Condolences on your loss, but it looks like the check belongs to the estate.
by Chris K Jones
Mon Apr 27, 2020 1:35 pm
Forum: Investing - Theory, News & General
Topic: VTI vs VTSAX - Expense Ratio
Replies: 3
Views: 297

Re: VTI vs VTSAX - Expense Ratio

There are reasons to choose an ETF over a mutual fund or vice versa. For instance, some like to be able to trade during market hours. You can do this with ETFs. You can't with mutual funds. They are priced once a day after the market closes. I don't think that the .01% ER is going to make any meanin...
by Chris K Jones
Tue Apr 21, 2020 6:35 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6154

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

I'd buy a Camry. I own one now. The others are too small and I really am not interested in buying a hybrid or electric car until everyone drives one.
by Chris K Jones
Sat Apr 18, 2020 6:07 pm
Forum: Personal Consumer Issues
Topic: Should I give blood now?
Replies: 23
Views: 1420

Re: Should I give blood now?

Yes, you should. Thank you for being a regular donor. Blood is always in short supply. Check, but I am certain that your donor center is taking appropriate Covid precautions. Best wishes.
by Chris K Jones
Fri Apr 17, 2020 1:00 pm
Forum: Personal Consumer Issues
Topic: Fidelity 2% card approval but low limit
Replies: 8
Views: 572

Re: Fidelity 2% card approval but low limit

It may be inexplicable. I have had USAA credit cards for 30 years. I had 2 and applied for a third because it had 2.5% back. I got a phone call asking why I needed a third card. Ultimately it was approved but with a low (5000) limit. Previous cards had 20000+ limits. They have since increased the li...
by Chris K Jones
Fri Apr 17, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1330

Re: Made 'partner' but no contract after 5 months

It sure seems like a big change. In the old days, I remember situations where partners in various groups were setting buy ins based on something near billed amounts. This was when managed care was just becoming common. As you know with insurance contracts, you only get pennies on the dollar of what ...
by Chris K Jones
Fri Apr 17, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Made 'partner' but no contract after 5 months
Replies: 13
Views: 1330

Re: Made 'partner' but no contract after 5 months

I am an older physician and have been around a bit. Take this with a grain of salt because you will get better advice from others here, but my take is: 1. I would occasionally remind them about the written buy-sell agreement. I would not press it too hard because these are not normal times. Because ...
by Chris K Jones
Fri Apr 17, 2020 8:12 am
Forum: Personal Investments
Topic: What to do with HSA funds?
Replies: 4
Views: 608

Re: What to do with HSA funds?

I think it depends on your age and other assets. If you are young, I would probably consider it as a place for equities and then watch it grow for the next 30 years. I am older and close to retirement. I plan to use my HSA funds to pay medical expense after I retire. It will probably all be gone in ...
by Chris K Jones
Wed Apr 15, 2020 5:09 pm
Forum: Personal Consumer Issues
Topic: Stimulus Charity?
Replies: 28
Views: 1582

Re: Stimulus Charity?

I willbe using my local food bank, a homeless shelter and my local St Vincent DePaul Society. Best wishes.
by Chris K Jones
Wed Apr 15, 2020 5:04 pm
Forum: Investing - Theory, News & General
Topic: Do most Bogleheads TLH?
Replies: 55
Views: 3262

Re: Do most Bogleheads TLH?

PPS here's a question: If I TLH $43,000 in losses, can I carry that forward and, say, offset $43,000 in cap gains in 2024? No, but you can carry most of it forward to 2024. Each year until 2024, 3000 of it will be used to reduce ordinary income. That is even better than long term capital gains redu...
by Chris K Jones
Wed Apr 15, 2020 4:59 pm
Forum: Investing - Theory, News & General
Topic: Do most Bogleheads TLH?
Replies: 55
Views: 3262

Re: Do most Bogleheads TLH?

I am a passive investor and I taxloss harvest. I only use mutual funds. Vanguard has a number of excellent pairs. For me, it is definitely worthwhile. I first generated significant losses during the 2008-2009 financial crisis. Those were about to run out and now Corona virus has given me another fiv...
by Chris K Jones
Wed Apr 15, 2020 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Advice - Anesthesiologist threatening collections
Replies: 59
Views: 5926

Re: Advice - Anesthesiologist threatening collections

4500 for the anesthesia associated with endoscopy seems excessive to me. You need to get a copy of the EOBs assocated with anesthesia. Both of them if it was reprocessed. What do they say is your responsibility? I would pay that. I wouldn't pay a nickel more than you are supposed to, but I would pay...
by Chris K Jones
Mon Apr 13, 2020 11:42 pm
Forum: Personal Investments
Topic: Asset Location - Where to place Bonds?
Replies: 11
Views: 878

Re: Asset Location - Where to place Bonds?

This has been discussed before. If you use the search function, you can find some other threads. My taxable bonds fill my IRAs and my equities are all in taxable. I did this for the tax reasons mentioned above. I am happy with it this way and would do it again. Best wishes.
by Chris K Jones
Wed Apr 08, 2020 7:54 pm
Forum: Personal Investments
Topic: Asset allocation question
Replies: 10
Views: 510

Re: Asset allocation question

Congratulations, Soccer fan. You have won the game and it looks like you have a good handle on what to do. I gave up on dollar cost averaging so I would just transfer the money now. There is absolutely nothing wrong with doing it over 8 weeks though. Best wishes.
by Chris K Jones
Tue Apr 07, 2020 12:51 pm
Forum: Personal Investments
Topic: How often do you add money to stock market?
Replies: 48
Views: 3352

Re: How often do you add money to stock market?

I put in money whenever I have it. I have a funded emergency account and a monthly spending plan. I am paid monthly. Each month, after I fund the spending plan, anything left is invested according to my investment policy statement. Occasionally, money comes from other sources in mid month. When this...
by Chris K Jones
Tue Apr 07, 2020 11:17 am
Forum: Personal Investments
Topic: Best TLH partner for Total Stock Market (VTSAX)?
Replies: 26
Views: 3127

Re: Best TLH partner for Total Stock Market (VTSAX)?

I have used Vanguard Tax Managed Capital Appreciation mostly because I have it already. I have also used Vanguard's S & P 500 index and Large Cap index. Any of these will get the job done. Best wishes.
by Chris K Jones
Mon Apr 06, 2020 12:58 pm
Forum: Personal Investments
Topic: Rebalancing mistakes
Replies: 44
Views: 2014

Re: Rebalancing mistakes

The asset allocation is an indication fo the risk you are willing to take. I would start with the question of what asset allocation you want? Is it still 65/35? If it is, then I would sell stock to get back to that risk level. If you are comfortable where you are, I would leave it alone. I hope this...
by Chris K Jones
Thu Apr 02, 2020 7:42 am
Forum: Personal Investments
Topic: Any high bracket investors dumping munis?
Replies: 127
Views: 9377

Re: Any high bracket investors dumping munis?

I am not selling anything. I have amended my investment policy statement to limit Munis to 25% of my fixed income holdings, but that is all. Best wishes to everyone.
by Chris K Jones
Fri Mar 27, 2020 9:59 am
Forum: Personal Investments
Topic: Should I sell VWIUX, now in 12% bracket?
Replies: 5
Views: 456

Re: Should I sell VWIUX, now in 12% bracket?

I would. I don't think there is any advantage in that low of a bracket. The plan for me is to get rid of muni fund when or if my tax bracket drops. I use Vanguard intermediate term Bond index for my IRA and my plan is to use that for taxable if my bracket gets low enough. It might be worth consideri...
by Chris K Jones
Fri Mar 27, 2020 6:34 am
Forum: Investing - Theory, News & General
Topic: So, Where Are You *Back* To in Time? (And Were You Happy Then?)
Replies: 63
Views: 3790

Re: So, Where Are You *Back* To in Time? (And Were You Happy Then?)

March 31, 2019. A 60/40 portfolio. It has been unnerving the last week or so, but has mostly worked like it is supposed to for me. Happy then and now. More convinced than ever that principles I have learned here are right for me.
by Chris K Jones
Sat Mar 21, 2020 6:29 am
Forum: Personal Consumer Issues
Topic: Where to sell jewelry?
Replies: 10
Views: 809

Where to sell jewelry?

I am an executor of an estate. One of my tasks is to sell the deceased's jewelry and donate the proceeds to a specified charity. Does anyone have any idea where I should go to sell? Where I am I likely to get the best proceeds? Thank you all.
by Chris K Jones
Fri Mar 20, 2020 1:14 pm
Forum: Personal Investments
Topic: Best TLH Partner for Tax-Managed Cap Appreciation (VTCLX)
Replies: 2
Views: 101

Re: Best TLH Partner for Tax-Managed Cap Appreciation (VTCLX)

I use VTSAX. They are virtually indistinguishable. VTSAX has a lower ER and can be converted into ETF shares if that is ever important. There is no wrong answer here though. Best wishes
by Chris K Jones
Mon Mar 16, 2020 7:01 am
Forum: Personal Investments
Topic: Basic TLH Question *updated*—clarification
Replies: 24
Views: 917

Re: Basic TLH Question

I think it is generally accepted that if it follows a different index, it is not substantially identical. If 2 funds follow the same index, they are probably considered substantially identical. Best wishes.
by Chris K Jones
Mon Mar 16, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: File taxes when none due?
Replies: 8
Views: 903

Re: File taxes when none due?

Does she attend a New Jersey state school with instate tuition? Is there any need to document that she is a New Jersey resident?
by Chris K Jones
Fri Mar 13, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Princess Cruise: Take Cash or Greater Future Credit
Replies: 23
Views: 2091

Re: Princess Cruise: Take Cash or Greater Future Credit

A bird in the hand is worth two in the bush. I'd take the cash. Without question.
by Chris K Jones
Mon Mar 09, 2020 5:56 am
Forum: Personal Investments
Topic: Tax loss harvesting - how complicated come tax filing season?
Replies: 28
Views: 1625

Re: Tax loss harvesting - how complicated come tax filing season?

If you use Turbotax and have an account with any of the many brokerage or mutual fund firms that Turbotax can directly import, it is completely painless. I had about 10 trades last year that generated gains and losses and it all went across fine. I am guessing other tax prep software does the same. ...
by Chris K Jones
Sun Mar 08, 2020 10:25 am
Forum: Personal Investments
Topic: Vanguard's Asset Mix Pie Chart
Replies: 19
Views: 1660

Re: Vanguard's Asset Mix Pie Chart

I use it and it is good enough for me. I have used it for a few years. Everything you say about it is true, but it I am not a slice and dicer. My target is 48% domestic stock, 12% international and 40% bonds. At the end of each month, I calculate it for myself along with other things I track.
by Chris K Jones
Wed Feb 26, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: VTI VTSAX moving in opposite directions
Replies: 6
Views: 938

Re: VTI VTSAX moving in opposite directions

Yes. I think you are. You are probably looking at VTSAX's move from yesterday. It is a mutual fund and it is priced after the market closes. The number that is posted is yesterday's close. VTI is an ETF and trades throughout the day. From what you say, Total Stock Market went down yesterday but is t...
by Chris K Jones
Wed Feb 26, 2020 7:46 am
Forum: Personal Consumer Issues
Topic: Photochromic Transitions glasses
Replies: 14
Views: 1240

Re: Photochromic Transitions glasses

I am intrigued by your post. I have worn photochromic lenses for decades and now have worn progressive lenses for more than a decade. I think you are much more physically active than I am, but I am surprised to learn that any of these lenses take 5 minutes to lighten. I buy mine online from Zenni Op...
by Chris K Jones
Mon Feb 24, 2020 7:37 am
Forum: Personal Consumer Issues
Topic: Relocating back east / Fair Lawn, NJ / Are we crazy?
Replies: 104
Views: 6476

Re: Relocating back east / Fair Lawn, NJ / Are we crazy?

I think you should move there if you want to. Many things will be better for your personal situation. Some will be worse. A big reason to move is to be near family and to keep your wife happy. Best wishes.
by Chris K Jones
Sun Feb 02, 2020 12:34 am
Forum: Personal Investments
Topic: Asset Allocation 10 Years Out to Retirement at 55
Replies: 5
Views: 653

Re: Asset Allocation 10 Years Out to Retirement at 55

It seems well thought out to me and the asset allocations seem reasonable. My only concern is that, if you live to 95, 40 years retirement is a long time and 30 k per year is not a lot of money. Your backup plan for a low stress job helps. The big bugaboo, however, is healthcare expenses, especially...
by Chris K Jones
Thu Jan 23, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 6615

Re: Umbrella insurance cost

I think it is your teenager. I was canceled twice by USAA over the years. Each time I picked up coverage with a company called USLI (I think). The premiums were well over a thousand dollars for much more meager coverage. I still have a teenager on my insurance but have requalified for USAA and premi...
by Chris K Jones
Mon Jan 20, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Shouldering the burden of my in-laws’ lifestyle
Replies: 48
Views: 4750

Re: Shouldering the burden of my in-laws’ lifestyle

Already in a nursing home. It's too late to fix their behavior. Together, the two of you need to decide how much you're willing to help and help that much. You should give something, but not so much that it causes you any financial difficulties whatsoever. I don't know your situation. Maybe that's ...
by Chris K Jones
Mon Jan 06, 2020 8:49 am
Forum: Non-US Investing
Topic: How much do you invest in Emerging Markets?
Replies: 35
Views: 3214

Re: How much do you invest in Emerging Markets?

20% of my 60/40 portfolio is international. Of that, EM is about 21% of my international holdings. So probably 2.5 % or so of my total portfolio is EM. I used to have a lot more, but have bought into the Boglehead principles. Best wishes to you. If I lived outside of the USA, I would probably be usi...
by Chris K Jones
Tue Dec 31, 2019 8:54 am
Forum: Personal Investments
Topic: How to Treat Real Estate Proceeds when adding to Portfoilo
Replies: 7
Views: 448

Re: How to Treat Real Estate Proceeds when adding to Portfoilo

I sold a house about 3 years ago. The plan is to buy another house sometime in the next 3 to 5 years but not sure where. Initially, I segregated the proceeds from the house sale into high yield savings/bond funds figuring they were "safer". Now I just consider the money as part of my portfolio and i...
by Chris K Jones
Mon Dec 30, 2019 2:09 pm
Forum: Personal Investments
Topic: Flagship Services Dissapointment !
Replies: 72
Views: 7765

Re: Flagship Services Dissapointment !

I still have my individual representative. I wonder why? Her photo still comes up when I log on. Maybe because I never contacct them?
by Chris K Jones
Tue Dec 24, 2019 7:33 am
Forum: Personal Investments
Topic: 529 or taxable account?
Replies: 14
Views: 1072

Re: 529 or taxable account?

Congratulations on your baby. I have three, now adult kids and I established UTMA for each. There are pluses and minuses of each approach. I now have a grandchild and will be setting up 529 for him and not UTMA. Best wishes whatever path you take.
by Chris K Jones
Tue Dec 17, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance during retirement
Replies: 28
Views: 2750

Re: Health Insurance during retirement

In my neck of the woods, ACA High deductible health policies for younger people (20s, 30s) go for about 300 per person per month. For a 62 year old man, they are about 800 per month. A couple in their 60s would probably be about 1600 per month or about 20,000 per year. They aren't cheap. Bear in min...
by Chris K Jones
Mon Dec 16, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Do you subscribe to Consumer Reports?
Replies: 57
Views: 3998

Re: Do you subscribe to Consumer Reports?

I was a subscriber for decades and gave it up about 10 years ago. I still find it useful for car buying. Recently, I bought their car purchase publication but it was lost so I bought a 12 month online only subscription because I am in the market for a car. I think they are unbiased. I think they do ...
by Chris K Jones
Mon Dec 09, 2019 6:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard Tax Exempt Bond Index vs. Active Fund
Replies: 9
Views: 1168

Re: Vanguard Intermediate Tax Exempt Index vs. Active Fund

I am in the active fund. I will use the index fund as a tax loss harvest partner when they get rid of the purchase fee. Otherwise, I am satisfied with the active fund and see no reason to change. Best wishes.
by Chris K Jones
Sat Dec 07, 2019 11:03 pm
Forum: Investing - Theory, News & General
Topic: Do you strictly manage your portfolio percentages of stocks and bonds?
Replies: 64
Views: 4841

Re: Do you strictly manage your portfolio percentages of stocks and bonds?

I have a 48% US Equity, 12% International Equity and 40% bond portfolio and this is how I manage it (from my Investment Policy Statement): -New money goes to underweight funds in asset allocation. -All taxable funds should not be reinvested so that distributions can regularly be directed to underwei...
by Chris K Jones
Tue Dec 03, 2019 2:12 pm
Forum: Personal Investments
Topic: HSA Investing
Replies: 12
Views: 1782

Re: HSA Investing

Chrono Triggered wrote:
Tue Dec 03, 2019 2:08 pm
I'd personally go 100% Vanguard 500 Index Admiral (VFIAX).
Since you are 25, I would do S&P500 100%.
by Chris K Jones
Mon Nov 25, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: We have a prenup, now buying a house.
Replies: 117
Views: 7621

Re: We have a prenup, now buying a house.

sport wrote:
Mon Nov 25, 2019 11:27 am
IMO you have too much "me and she" and not enough "we". This is a marriage, not a business.
+1. I am divorced so know all about the perils of marriage and divorce, but your post seems to have way too much of this stuff. Best wishes.
by Chris K Jones
Mon Nov 18, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Dental savings plans, anyone using one?
Replies: 15
Views: 1329

Re: Dental savings plans, anyone using one?

I use Aetna Vital Savings and am happy with it. When I was researching this, most of the discussion here was not favorable, but my experience has been good. I have had it for about 16 months now. Previously I had a non-employer sponsored Humana Dental insurance plan. In the first year, the Savings p...