Search found 157 matches

by Jefferson
Mon Nov 02, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business 401k Options
Replies: 4
Views: 273

Re: Small Business 401k Options

We use Employee Fiduciary and have a similar 1,000 hour requirement.
by Jefferson
Sun Nov 01, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard account be locked?
Replies: 7
Views: 1128

Can Vanguard account be locked?

Is it possible to somehow lock a Vanguard brokerage account against selling and withdrawals? We have plenty of cash outside of this account to weather just about anything. I’ve never withdrawn a single dollar from this account. I’m just worried about security. I would be fine with a two-week delay a...
by Jefferson
Thu Sep 17, 2020 5:19 pm
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3241

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

There are other factors besides math and tax rates. I am in the highest federal tax bracket and I max out my 401k as Roth. My income is likely much higher now than it will be in retirement. Put simply, paying the tax now hurts less than it will in the future. Plus, my taxable account is many times l...
by Jefferson
Sun Sep 13, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts a will to protect generational wealth?
Replies: 42
Views: 2487

Re: Thoughts a will to protect generational wealth?

What is your reason for wanting to do this? By generations a fortune of even billions will be too diluted to matter to anybody. I don't see much of an upside here. Well let's say its $250 million divided between 200 family members. At 2% distribution, that is $25,000/year per member. If each indivi...
by Jefferson
Sun Sep 13, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14770

Re: Paying off sub 4% mortgage interest rate early

Yes, very aggressively. We got a 3.25% 30-yr several years ago. Started out paying an extra $1,000/mo. This year, we’re paying an extra $10,000/mo.

It’s not always about math. When your income is highly volatile, becoming debt-free is important!
by Jefferson
Fri Sep 11, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11956

Re: Should we buy a $3M+ house with parental help?

I’ve never lived in a VHCOL area, so my sense of scale may be off. There’s nothing wrong with getting parental help on a down payment for a starter home. My FIL gave us $15K when we got married to help us buy a $150K house. But I cannot imagine even thinking about buying a $3MM house with a gift lik...
by Jefferson
Fri Sep 11, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Remote Job - Taxes
Replies: 31
Views: 3116

Re: Remote Job - Taxes

You said it is a small company. Right or wrong, they may not be willing to handle taxes for any other state.
by Jefferson
Thu Sep 10, 2020 8:01 am
Forum: Personal Finance (Not Investing)
Topic: How Are 401(k) Profit Sharing Calculated?
Replies: 11
Views: 624

Re: How Are 401(k) Profit Sharing Calculated?

We use Employee Fiduciary. I’m pretty sure that you would fail the non-discriminatory testing if you tried to explicitly benefit owners like that. You might be able to use a work around like years of service. Let’s say you’ve owned your company for five years and your longest-tenured employee has be...
by Jefferson
Wed Sep 09, 2020 2:56 pm
Forum: Personal Investments
Topic: Who is liable for this?
Replies: 46
Views: 6380

Re: Who is liable for this?

OP, you seem to be taking this way to personally. I don’t mean to belittle a $250 “loss”, but this was a comparatively cheap lesson and I don’t see how the software did anything wrong.

Many people here (including myself) have “lost” far more money when transferring assets between platforms.
by Jefferson
Mon Sep 07, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel Husband's Term Insurance?
Replies: 41
Views: 3356

Re: Should I Cancel Husband's Term Insurance?

If you've accumulated enough by ~40 to no longer need a 3MM policy then $200/mo isn't that big a deal to you, and I'd keep it until you are absolutely certain you don't need it. Like so certain that you don't put the word "probably" in your post, and in fact you don't even post at all bec...
by Jefferson
Sat Sep 05, 2020 9:12 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 160
Views: 11973

Re: Is it really passive index if S&P actively excludes Tesla?

Whether you like how Tesla makes money or not, what are you actually going to do about it? Will you divest from indexes that include it? Or exclude it? Are you going to scrutinize every company in your favorite index the same way? If you are, just admit you’re not a passive indexer and ignore what ...
by Jefferson
Sat Sep 05, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 160
Views: 11973

Re: Is it really passive index if S&P actively excludes Tesla?

Adding Tesla to the SP500 would be a major market-moving event. And the impact would be even more significant if it could be timed in advance. I’m guessing that the ideal scenario for the committee is to add companies to the list when they are much smaller (in market cap). Tesla taking this long to ...
by Jefferson
Sun Aug 23, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Vacationing safely in the era of Covid - How did you do it?
Replies: 124
Views: 9790

Re: Vacationing safely in the era of Covid - How did you do it?

Drive instead of fly. Wear a mask around others so they don’t freak out.

That’s it.

We’re under 40, so I’m just not worried about it.
by Jefferson
Mon Aug 17, 2020 6:05 pm
Forum: Personal Consumer Issues
Topic: Secondary market for cemetery plots?
Replies: 3
Views: 474

Secondary market for cemetery plots?

My grandfather bought some cemetery plots in Florida over 50 years ago. They’ve never been used, and my grandfather passed a while ago. Our family has no use for these plots and none of us live anywhere near this area. Is there a secondary market for cemetery plots? Short of a newspaper ad and a fac...
by Jefferson
Sun Aug 09, 2020 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Employers - Will you comply with EO request to defer payroll tax?
Replies: 54
Views: 6719

Employers - Will you comply with EO request to defer payroll tax?

Regarding the executive order that Pres Trump just signed to allow deferral of payroll tax. 1) I’m not even sure it’s possible by 9/1. Payroll software would have to be updated to allow the option. 2) What if the employee quits in December? Could the employer be on the hook for the tax payment if it...
by Jefferson
Sun Jul 26, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbor's Land
Replies: 139
Views: 4687

Re: Land Border Issues & Aggressive Neighbor - Help Wanted Please

I didn’t read all of the comments, so this may have already been addressed. GA has two time limits for adverse possession; 7 years for good faith and 13 years for bad faith. (These are by memory, so please consult a lawyer and look them up yourself). I would definitely try to be a good neighbor to s...
by Jefferson
Mon Jul 20, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Crisis: Advice needed
Replies: 90
Views: 8160

Re: Financial Crisis: Advice needed

Read the Richest Man in Babylon. Short version - always put something into savings, even if you have a ton of debt.

Sample formula (post tax):
10% to savings
20% to debt
70% to expenses
by Jefferson
Tue Jul 07, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: returning PPP loan
Replies: 45
Views: 2508

Re: returning PPP loan

I’m confused. Doubled dip? If you’re referring to the supposed non-deductibility of expenses paid with PPP funds, that doesn’t seem like a good enough reason to return it.
by Jefferson
Mon Jul 06, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: What is a "gift" according to the IRS?
Replies: 20
Views: 1520

Re: What is a "gift" according to the IRS?

Paying off someone else’s loan is a gift. It doesn’t matter whether you gave the cash to the lender or to the borrower
by Jefferson
Thu Jul 02, 2020 8:58 pm
Forum: Investing - Theory, News & General
Topic: 2 and 3 fund funders - sticking soley with Total Bond?
Replies: 49
Views: 4739

Re: 2 and 3 fund funders - sticking soley with Total Bond?

I’ve got Total Bond as part of my target date fund in my 401k.

I’ve got VSIGX (intermediate Treasuries) in taxable. Slight tax advantage and leaving the risk to the equity side.
by Jefferson
Thu Jul 02, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 45
Views: 4234

Re: 529 fairness?

I don’t think the kids are going to care about how markets did when they were little when deciding whether your plan is fair.
by Jefferson
Wed Jul 01, 2020 7:41 pm
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Re: Renting an RV for the first time. Any advice?

How about this as an alternate plan. Drive your car or whatever vehicle you have. Go wherever you want without having to worry and without hiring a driver. Stay in hotels and air bnb when you want. Reserve an RV in a campground when you want. Yes, that's a thing. Then you don't have to drive a vehi...
by Jefferson
Wed Jul 01, 2020 7:29 pm
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Re: Renting an RV for the first time. Any advice?

You can do this! Special RV toilet paper is really important. Everyone must understand that RV sewer/septic system is fragile and must be treated with the utmost respect. Dump stations aren't difficult, but we keep extra gloves, towels, and wipes close by during the process. Water and electric is e...
by Jefferson
Wed Jul 01, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Re: Renting an RV for the first time. Any advice?

caseynshan wrote: Wed Jul 01, 2020 2:39 pm Sounds like you want the RV experience, but luxury and space.
This.

My wife wants to do a cross-country road trip, but she doesn't want to go camping. I said at the beginning that I'm aware that this route is expensive.

The driver would stay at a hotel whenever we stop for the night.
by Jefferson
Wed Jul 01, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Re: Renting an RV for the first time. Any advice?

So much great insight. Thanks so much and please keep it coming. OP, I have no real tips to add other than have a blast and I'm jealous. I am curious, and hope you don't mind me asking, what you've budgeted roughly for the rental, and where you're leaving from/returning too? How much of the cross-co...
by Jefferson
Wed Jul 01, 2020 6:45 am
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Re: Renting an RV for the first time. Any advice?

Fair point about restaurants. I probably misspoke because that’s how we usually travel. I’m sure we’ll fill the fridge and eat most meals on the RV.
by Jefferson
Tue Jun 30, 2020 6:07 pm
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3505

Renting an RV for the first time. Any advice?

We’re planning a cross-country trip. Planning on renting a high-end RV through Goss. Yes, I know it’s expensive. Any advice? Please assume that I know nothing about this. How does insurance work? How do RV parks work? Driving and parking inside a city? We aren’t really into camping, and we’ll probab...
by Jefferson
Thu Jun 18, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Might buy a beach house. Looking for advice.
Replies: 42
Views: 5939

Re: Might buy a beach house. Looking for advice.

A lot of advice seems to be “to not to”. I appreciate the insight and will consider it carefully.

Since we might still go forward, I would love to hear more practical advice on how to proceed.

Thanks
by Jefferson
Thu Jun 18, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Might buy a beach house. Looking for advice.
Replies: 42
Views: 5939

Re: Might buy a beach house. Looking for advice.

All of this has been incredibly helpful. Thank you!
by Jefferson
Wed Jun 17, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Might buy a beach house. Looking for advice.
Replies: 42
Views: 5939

Might buy a beach house. Looking for advice.

I have never owned any real estate outside of a primary residence and I have no experience with property management or being a landlord. This is not a beginning into owning multiple properties. We are specifically looking to buy a house that we have rented several times. We would rent it out, but al...
by Jefferson
Tue Jun 16, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: Need N95 Mask in a Small Size
Replies: 45
Views: 3159

Re: Need N95 Mask in a Small Size

Sent a PM
by Jefferson
Sun May 31, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: password breach & threatening email
Replies: 14
Views: 1646

Re: password breach & threatening email

Ignore it. It’s just a robo-email.

Now if the email actually included said video, then you’ve got a problem!
by Jefferson
Fri May 29, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Two accountants disagree - Bogleheads for the tiebreaker
Replies: 64
Views: 4018

Re: Two accountants disagree - Bogleheads for the tiebreaker

My wife and I own a small business. I’m all for legally reducing our taxes, but both of these ideas are awful. It’s just asking for marital trouble eventually. Besides, they’re both supposed to be taking “reasonable” paychecks. I can see the argument between reducing current taxes and maximizing lon...
by Jefferson
Tue May 26, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness - incurred vs paid
Replies: 6
Views: 395

Re: PPP forgiveness - incurred vs paid

So I could use both? That would let me add an extra week’s worth of payroll.
by Jefferson
Tue May 26, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness - incurred vs paid
Replies: 6
Views: 395

PPP forgiveness - incurred vs paid

Our payroll is bi-weekly; every other Friday for the two-week period that ends the previous Friday. We received PPP funding Friday 4/17, which also happened to be a payday (pay period was 3/28-4/10). I considered the 8-week period to begin on the funding date 4/17 and that the gross pay paid on 4/17...
by Jefferson
Mon May 25, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: 6 Month Emergency Fund for a Business
Replies: 11
Views: 651

Re: 6 Month Emergency Fund for a Business

I’m a small business owner. It’s important to have cash reserves. It’s also important to act quickly to reduce costs when necessary. We have lots of revolving debt (net-30 terms for inventory). We always have enough cash on hand to pay all bills (inventory, payroll, rent, etc) for at least 30 days, ...
by Jefferson
Sun May 24, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 48
Views: 5421

Re: Customer hasn't paid me not worth cost of lawyer but...

At least two things you can do without a lawyer:

- Go to small claims court.

- File a UCC-1 - https://www.gsccca.org/file/ucc-forms
by Jefferson
Sat May 23, 2020 7:55 am
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 8048

Re: NJ property taxes too high. What are my alternative states?

Your best case scenario is saving a few grand a year in property taxes. Is that really worth moving far away from your family?
by Jefferson
Tue May 19, 2020 4:15 pm
Forum: Personal Investments
Topic: Bonds or precious metals?
Replies: 33
Views: 1884

Re: Bonds or precious metals?

I own some gold and silver (physical coins), but I do not consider them part of my portfolio. They are not investments. They are an insurance policy. They would only be used in a true SHTF scenario.
by Jefferson
Tue May 12, 2020 9:51 am
Forum: Investing - Theory, News & General
Topic: Bonds in Taxable (Low tax state)
Replies: 18
Views: 791

Re: Bonds in Taxable (Low tax state)

I think it depends on your reason for holding munis. I’m in the highest federal tax bracket and a mid-level tax state. I had my taxable bonds split exactly as you suggested (50/50 treasuries/munis). But I’m now in the process of converting all of my munis to treasuries. I’m 39 yrs old and my AA is 8...
by Jefferson
Mon May 11, 2020 8:22 am
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7256

Re: Looking for alternative to Vanguard

Does Vanguard have an option to lock down transactions while still allowing view-only access? Or at least lock down withdrawals? I’ve got auto purchases set up weekly, emergency fund at a different bank, always stay the course, etc.
by Jefferson
Sun May 10, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Best credit monitoring service
Replies: 9
Views: 609

Re: Best credit monitoring service

I’m usually wary of anything that’s free. If you aren’t paying for the product, then you usually are the product.

I just want to see what all banks and credit agencies see about me. My score, as well as all open credit lines.
by Jefferson
Sun May 10, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4850

Re: Choosing not to correct all billing/financial errors

Cost vs worth. The principle of the thing is irrelevant. My time is valuable to me. If the value of the thing is less than the value of my time, forget the thing.
by Jefferson
Thu May 07, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: PPP - For those getting approved, what was the % given to you out of possible total?
Replies: 19
Views: 948

Re: PPP - For those getting approved, what was the % given to you out of possible total?

We got 100%. But I kept it simple. 2.5x avg month of gross pay only. I sent a 100+ page pdf of our 2019 payroll report with totals at the bottom. EDIT- I talked to the underwriter. He told me that they were letting any amount through that was within 7% +/- of their calculations. I was in the first r...
by Jefferson
Thu May 07, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit monitoring service
Replies: 9
Views: 609

Re: Best credit monitoring service

Fair point. Let’s say I’m willing to pay for it.
by Jefferson
Thu May 07, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit monitoring service
Replies: 9
Views: 609

Best credit monitoring service

Is there a general consensus on which credit monitoring service is better than the rest?

Thanks in advance.
by Jefferson
Mon May 04, 2020 8:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe..Four Investment lessons from Covid
Replies: 56
Views: 8343

Re: Larry Swedroe..Four Investment lessons from Covid

Based on Larry’s definition of safe municipal bonds (AAA/AA, General obligation or essential service), is VWUIX safe? (Vanguard Intermediate Term Tax Exempt). According to M*, it seems to be a little over 70% AAA/AA, and I don’t know how to find the percentages of general obligation and essential se...
by Jefferson
Thu Dec 26, 2019 8:48 pm
Forum: Personal Investments
Topic: How to change automatic investments at Vanguard?
Replies: 4
Views: 635

Re: How to change automatic investments at Vanguard?

That worked! Thank you for the quick replies!
by Jefferson
Thu Dec 26, 2019 8:37 pm
Forum: Personal Investments
Topic: How to change automatic investments at Vanguard?
Replies: 4
Views: 635

How to change automatic investments at Vanguard?

Please forgive me if it’s right in front of my face, but I cannot figure out how to do this. I set up automatic investments on my Vanguard taxable account. Every Friday, a certain amount of money goes into a few mutual funds. I would like to modify the amounts to each fund, but I cannot figure out h...
by Jefferson
Tue Jul 16, 2019 12:42 pm
Forum: Investing - Theory, News & General
Topic: Does factor investing only work if you rebalance?
Replies: 14
Views: 1346

Re: Does factor investing only work if you rebalance?

rascott wrote: Mon Jul 15, 2019 11:48 pm Merriman did some back tested studies on rebalancing. Not ever rebalancing had the highest end portfolio amount....as you basically let the higher returning asset classes keep running. Who knows what the future will hold.
Now that’s interesting!