Search found 227 matches

by Chris K Jones
Fri Sep 13, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: Atlanta area - relocation, questions
Replies: 7
Views: 573

Re: Atlanta area - relocation, questions

I hope you will be happy here. You don't say your age, but Cobb county exempts older people from paying school property taxes. I think it starts at age 62. The Vinings area referenced above is in Cobb County. Property taxes in Atlanta will be low compared to the DC area, but in Cobb, they are even l...
by Chris K Jones
Tue Sep 03, 2019 2:17 pm
Forum: Personal Investments
Topic: Self insured Long Term Care Fund
Replies: 36
Views: 2280

Re: Self insured Long Term Care Fund

I will just repeat what others have said: I wouldn't separate this from the rest of my funds. I would include it as part of my retirement assets and invest it according to my investment policy statement. This is exactly how I am handling the potential for Long term care expenses for myself. I person...
by Chris K Jones
Sun Aug 25, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: When to have an Umbrella insurance policy
Replies: 39
Views: 4221

Re: When to have an Umbrella insurance policy

I have three kids. The youngest is still a teen and I have maintained umbrellas for decades. In my opinion, it is worth it. It would be for me anyway. Best wishes.
by Chris K Jones
Thu Aug 22, 2019 9:50 am
Forum: Personal Investments
Topic: 59.5 is approaching and need advice
Replies: 9
Views: 1064

Re: 59.5 is approaching and need advice

I did this with TD Ameritrade just like previous posters described. Our company plan was closing and we had our accounts at TD Ameritrade. I rolled over 401k to TD Ameritrade IRA. A few weeks later and after thank you phone call from TDAmeritrade, I transferred IRA to Vanguard which was my ultimate ...
by Chris K Jones
Sat Aug 17, 2019 7:25 am
Forum: Personal Investments
Topic: Plan for my mom
Replies: 30
Views: 2312

Re: Plan for my mom

Good for you for helping Mom. I would put this in some sort of FDIC insured account--high yield savings, etc. I wouldn't take any risk with it. Best wishes.
by Chris K Jones
Tue Aug 13, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Canada -> USA tax implications
Replies: 7
Views: 642

Re: Moving from Canada -> USA tax implications

Factor in the cost of health insurance in the US while you are at it! Best wishes
by Chris K Jones
Tue Aug 13, 2019 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Doing your own taxes with a taxable account.
Replies: 9
Views: 1153

Re: Doing your own taxes with a taxable account.

I have done my own taxes for almost 30 years and have taxable accounts. If you use a computer program, like Turbotax, this is very simple. As typical.investor suggests, it can be imported directly to your return. If you do this with paper and a calculator, it is more burdensome and, I would suggest,...
by Chris K Jones
Sun Aug 11, 2019 10:11 pm
Forum: Personal Investments
Topic: Converting some investments to an annuity to preserve group health insurance
Replies: 8
Views: 653

Re: Converting some investments to an annuity to preserve group health insurance

Unless the annuity is a special, good rate, I would take the lump sum. I would much rather have the lump sum in hand. I would assume that whatever they are telling you about health insurance now might change before you get to Medicare, but based on the currnet information, the difference is only 100...
by Chris K Jones
Thu Aug 08, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 2673

Re: Do you pay for kids college if a non-STEM major?

Yes. I would. The purpose of paying for their college, for me, is to help them develop themselves. There are plenty of honorable, honest and worthwhile endeavors outside of STEM. If they are pursuing a field with employment difficulties, I would feel obligated to point them out to them, but I would ...
by Chris K Jones
Fri Aug 02, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: USAA suspects credit card may have been compromised
Replies: 17
Views: 1431

Re: USAA suspects credit card may have been compromised

I got this email message too on my limitless rewards card. I have had 4 different credit cards from USAA in about 6 months!
by Chris K Jones
Wed Jul 31, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide what car to buy for your kid
Replies: 91
Views: 3921

Re: How do you decide what car to buy for your kid

Two daughters totaled their first cars. Both were late models. One was a Toyota Corolla and the other a Ford Fusion. My son is currently driving a 2007 Honda Accord with 230,000+ miles on it. I intend to buy him a late model car in the next few months and hope to find a deal on a Camry, Corolla, Civ...
by Chris K Jones
Tue Jul 30, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Renter Forever?
Replies: 68
Views: 6221

Re: Renter Forever?

I was a long term owner, but have been renting for the past 4 years or so. My plan is to retire in next 4 to 9 years. When I retire, I plan to buy a condo. I feel that it will stabilize housing costs. I do not plan to rent forever. I am only waiting until I retire because I do not know where I will ...
by Chris K Jones
Sat Jul 27, 2019 8:59 pm
Forum: Personal Investments
Topic: The new 1 fund portfolio
Replies: 57
Views: 8190

Re: The new 1 fund portfolio

Personally 50% international is a bit much for me. I use 20%. How about 80% VTSAX and 20 % VTIAX or 60% VTSAX and 40% VTWAX?
by Chris K Jones
Thu Jul 25, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Advice Please: Sell or Rent my Single Family Home
Replies: 11
Views: 586

Re: Advice Please: Sell or Rent my Single Family Home

I'd sell it. I personally would not want to own a rental home in a town where I don't live. Dave Ramsey, the financial talkshow guy who loves real estate, says the same. Best wishes. Thank you for your service.
by Chris K Jones
Thu Jul 25, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Do I include taxes when calculating a retirement number?
Replies: 63
Views: 5183

Re: Do I include taxes when calculating a retirement number?

Greetings, The way most people approach this around here is with a SWR (safe withdrawal rate). There are studies that show that SWR of 4% rarely fails over 35 year periods so many would consider 4% "safe " for someone in their 60s. And yes, that 4% DOES include taxes. Search bogleheads.org for safe ...
by Chris K Jones
Tue Jul 23, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you move to?
Replies: 130
Views: 9584

Re: Where would you move to?

I live near Tennessee, but not in it. The Smoky Mountains are beautiful. Knoxville is a college town in Eastern TN. Chattanooga is a nice smallish city about an hour and a half from Atlanta. Nashville is an up and coming larger city. Best wishes.
by Chris K Jones
Mon Jul 22, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10379

Re: Tax Loss Harvesting Worth it?

It is definitely worth it. I had a big loss on actively traded small cap value mutual fund which I TLHd to Vanguard Small Cap Value index. I had a loss of 90,000 or so. Any losses in excess of gains cancel out up to $3000 in ordinary income each year. It is definitely worth doing. Since 2009, has sa...
by Chris K Jones
Sun Jul 21, 2019 8:40 pm
Forum: Personal Investments
Topic: Understanding taxes on mutual funds
Replies: 6
Views: 638

Re: Understanding taxes on mutual funds

Vanguard Tax Managed Capital Appreciation Fund is a very good fun for your taxable account. That said, it is only marginally more tax efficient that Vanguard Total Stock Market. If you graph performance of the two, the lines are virtually identical.
by Chris K Jones
Wed Jul 17, 2019 7:31 am
Forum: Personal Investments
Topic: Bond question: VBTLX vs VBILX
Replies: 20
Views: 2005

Re: Bond question: VBTLX vs VBILX

I think it really is a coin flip. Right or wrong, I chose VBILX because I shyed away from mortgage obligations, valued Mr Bogle's praise of it and felt comfortable with the wee bit more risk that VBILX has. Good luck to you. I don't think you can go wrong with either.
by Chris K Jones
Mon Jul 15, 2019 6:56 am
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 112
Views: 12159

Re: Will you buy Total Bond with a negative yield?

I would never say never. It depends on what the alternatives are if that ever happens. If CDs, savings accounts are positive, I would go to them. I think this really might happen. If the government pays negative yields, it will owe less at the end of the year than it did at the beginning (assuming t...
by Chris K Jones
Sat Jul 13, 2019 5:36 pm
Forum: Personal Investments
Topic: Would you exchange VTSAX to VTI ??
Replies: 42
Views: 3482

Re: Would you convert VTSAX to VTI ??

Silk McCue wrote:
Sat Jul 13, 2019 5:14 pm
On $2,270,000 the savings would be .01% or $227 a year. I wouldn’t do it. That is inconsequential in your financial plan.

Cheers
+1
by Chris K Jones
Fri Jul 12, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Would Love Some Guidance On An Umbrella Policy
Replies: 28
Views: 1980

Re: Would Love Some Guidance On An Umbrella Policy

The umbrella will not cover malpractice claims so take that out of your consideration. For me, umbrella is worth having. I am not sure about for you though. IT seems to me that non owner auto insurancce is a rip. That quote just seems too expensive to me. I would keep looking.
by Chris K Jones
Thu Jul 11, 2019 1:09 pm
Forum: Personal Investments
Topic: Anyone else have VG phone reps push toward PAS?
Replies: 27
Views: 2085

Re: Anyone else have VG phone reps push toward PAS?

I don't think it is personal. I think they are trying to be helpful. I rolledover an IRA from my long term emplyer and the representative said he would have Personal advisor Services contact me. I told him that I was a Boglehead and took care of it myself. He dropped it. He was just trying to help.
by Chris K Jones
Thu Jul 11, 2019 12:59 pm
Forum: Non-US Investing
Topic: Doesn't cash beat bonds for individual investors?
Replies: 4
Views: 895

Re: Doesn't cash beat bonds for individual investors?

I guess another thing to consider is what is the maximum amount you can have insured in a Belgian money market in sured account? In the US, the limit is $250,000. You can get around this by using different banks and titling accounts in your name, spouse's name, jointly, etc. In the Cyprus Financial ...
by Chris K Jones
Wed Jul 10, 2019 4:36 pm
Forum: Personal Investments
Topic: Retirement planning advice
Replies: 11
Views: 2542

Re: Retirement planning advice

Welcome to Bogleheads. I hope you will find some answers here. You are a bit behind, so I would suggest aggressive saving. Definitely maximize 401 k first. Then I probably would do HSA. Then Roth. Some might reverse order and do Roth before HSA though. I would invest aggressively with lowcost index ...
by Chris K Jones
Wed Jul 10, 2019 2:38 pm
Forum: Personal Investments
Topic: Bond Side (sub) Allocations. @@ What Do You Have? Why? Why Not?
Replies: 36
Views: 2093

Re: Bond Side (sub) Allocations. @@ What Do You Have? Why? Why Not?

1. I have a 60/40 portfolio. 80 % of fixed income is in Vanguard Intermdiate Term Bond Index (VBILX) and 20% is in Vanguard Intermediate Term Tax Exempt (VWIUX). 2. Why? I wanted intermediate term bonds. I figured they provided the best compromise between returns and interest rate risk. I used to ha...
by Chris K Jones
Mon Jul 08, 2019 10:09 am
Forum: Personal Investments
Topic: Where to invest new cash at this time of all time high market
Replies: 24
Views: 2807

Re: Where to invest new cash at this time of all time high market

I would invest it according to your investment policy statement. I would not dollar cost average it. I would just put it whereverr your plan calls for it. If you must DCA, then do it in 12 months or less. Also, the above advice about ignoring financial "news" is spot on. It is background noise. They...
by Chris K Jones
Mon Jul 08, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70
Replies: 12
Views: 1113

Re: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70

I couldn't find it. I have the same question as the Topic author. I used the online SS calculator. When I changed the retirement age, it always asssumed that I worked until I retired. I couldn't find a way to make it do otherwise. Thanks to all.
by Chris K Jones
Fri Jul 05, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Home Price as a % of Net Worth
Replies: 20
Views: 1813

Re: Home Price as a % of Net Worth

I think you are wise. I think it is good to think of the equity in a house as a percentage of your net worth. I was divorced at the depth of the financial crisis. I got the house and very little of the other assets. For me, the house was too much of my net worth. Eventually I sold it and invested th...
by Chris K Jones
Thu Jul 04, 2019 4:45 pm
Forum: Personal Investments
Topic: Prime Money Market or Total Bond Market
Replies: 63
Views: 7114

Re: Prime Money Market or Total Bond Market

the duration of the bond fund is longer than a money market fund which will have better returns over long periods of time. Right now the rate of return is close but it will not always be that way. I personally would not sell my existing bond fund to switch to a money market fund because I have a lo...
by Chris K Jones
Mon Jul 01, 2019 1:20 pm
Forum: Personal Investments
Topic: Any love for Tax-Managed Capital Appreciation (VTCLX) in a taxable account?
Replies: 4
Views: 682

Re: Any love for Tax-Managed Capital Appreciation (VTCLX) in a taxable account?

I have had this fund since it opened and it is everything you say it is. That said, Total Stock Market is "almost" as efficient. One down side of VTCLX is that it is not available as an ETF. VTSAX, off course, is. That might be a downside for some people in that they can convert it to an ETF and cha...
by Chris K Jones
Sun Jun 30, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 21223

Re: Do you share your net worth with family members?

I wouldn't. WhenI am older and infirm, I will let my kids know, but not now. Definitely not. For me this is just like winning the lottery--no one should know.
by Chris K Jones
Thu Jun 27, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Open an HSA at age 63?
Replies: 9
Views: 530

Re: Open an HSA at age 63?

Read this article: https://www.morningstar.com/videos/9338 ... falls.html
There is a little discussion of limitations with HSAs as you approach medicare age that were not real obvious to me. Best wishes.
by Chris K Jones
Wed Jun 26, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting/Expense tracking
Replies: 31
Views: 1715

Re: Budgeting/Expense tracking

I only track the gross amount of spending each month. I don't try to follow a budget. It tells me all I need to know. I don't really have the time or interest to break it down by categories.
by Chris K Jones
Tue Jun 25, 2019 5:49 am
Forum: Personal Consumer Issues
Topic: British Columbia summer vacation
Replies: 17
Views: 1274

Re: British Columbia summer vacation

I love BC, but my experience is limited to Vancouver and Vancouver Island. Vancouver Island is superb. The west coast is wild and Tofino is a good place to explore from. It will likely be crowded during the summer. The ferry trip to Vancouver Island will probably impress your kids and Victoria is a ...
by Chris K Jones
Mon Jun 24, 2019 7:32 am
Forum: Personal Investments
Topic: Simple Retirement Calculators?
Replies: 13
Views: 1680

Re: Simple Retirement Calculators?

I like firecalc. I change al the default numbers, but it is easy to use. Best wishes.
by Chris K Jones
Mon Jun 24, 2019 7:32 am
Forum: Personal Investments
Topic: Simple Retirement Calculators?
Replies: 13
Views: 1680

Re: Simple Retirement Calculators?

I like firecalc. I change al the default numbers, but it is easy to use. Best wishes.
by Chris K Jones
Sun Jun 23, 2019 9:58 pm
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 41
Views: 4981

Re: Reinvesting Dividends or no

I do not reinvest any of my dividends in my taxable account. Currently I direct any dividends paid towards funds that are lagging in my asset allocation. When I retire, my source of income before RMDs and social security will be dividends and I will sell shares to make up whatever else I need. My IR...
by Chris K Jones
Sat Jun 22, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability umbrella: how much coverage?
Replies: 9
Views: 1318

Re: Personal liability umbrella: how much coverage?

Of the quotes you have, I would pick 4 or 6. My insurer will write for up to 5 only. There are lots of threads on here about this and some people have strong opinions. Best wishes.
by Chris K Jones
Sat Jun 22, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Wintering Over 2020
Replies: 14
Views: 1816

Re: Suggestions for Wintering Over 2020

In Mexico: Ajijic/Lake Chapala/Guadalajara area and Oaxaca. Best wishes.
by Chris K Jones
Mon Jun 17, 2019 10:54 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 16081

Re: What percentage of total portfolio in REIT's do you have? Why?

None. I used to have 5% but my tax advantaged space is limited and it became more important for me to use it for bond funds.
by Chris K Jones
Mon Jun 17, 2019 10:05 am
Forum: Personal Investments
Topic: Alternative to $3,000 minimums at Vanguard
Replies: 13
Views: 932

Re: Alternative to $3,000 minimums at Vanguard

Most of my stuff is at Vanguard, but my son just opened a Fidelity account with $100. For most common funds, Fidelity is quite competitive with Vanguard. Many think Fidelity has better customer service.
by Chris K Jones
Thu Jun 13, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: UGMA Tax Efficiency
Replies: 9
Views: 902

Re: UGMA Tax Efficiency

I will be interested in other replies. I am at the other end of this with all kids 18 plus. There have been significant long term capital gains for them and they have often been at MY (higher ) LTG rate. You may have figured out a good way to avoid this. Only be careful with "buying it right back". ...
by Chris K Jones
Thu Jun 13, 2019 7:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETF Marketing
Replies: 17
Views: 1161

Re: Vanguard ETF Marketing

I think Vanguard is pushing ETFs. I think they are cheaper for them to operate--the brokerage has to generate 1099s, mailings, etc and Vanguard doesn't. Vanguard wants to be the biggest and to do that they have to have low expense ratios for their ETFs. I think it is a bit unfair to long term, loyal...
by Chris K Jones
Mon Jun 10, 2019 6:04 pm
Forum: Personal Investments
Topic: Tax-managed Vanguard Funds
Replies: 10
Views: 1234

Re: Tax-managed Vanguard Funds

I have been using VTCLX since it opened. Most of my equity is now in VTCLX and will be because it contains most of my capital gains. If I had it to do over again, I would just use VTSAX. There really isn't much difference though. Best wishes.
by Chris K Jones
Sat Jun 08, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9911

Re: Do you carry Umbrella Insurance?

It is a bit more than 100% of net worth. MY rationale is same as previous poster. It is affordable and is an amount that insurance company would probably put up spirited defense and not just easily settle.
by Chris K Jones
Thu Jun 06, 2019 9:13 pm
Forum: Personal Investments
Topic: Re-balancing Question
Replies: 7
Views: 776

Re: Re-balancing Question

I am a long term investor but pretty new to a disciplined approach to rebalancing. My IPS requires that I rebalance at 5% and I would rebalance to my desired asset allocation. I also have the sentence "Skip rebalancing if too taxing." Exactly what that means I haven't yet decided. I had to rebalance...
by Chris K Jones
Mon Jun 03, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Invited to vacation house then surprised with expenses—what now?
Replies: 64
Views: 3889

Re: Invited to vacation house then surprised with expenses—what now?

I am divorced so take what I say with a grain of salt, but I would suggest you pay it and move on. Probably don't go back in the future. It will keep the peace. In the future, you may or not choose to go.