Search found 2777 matches

by CaliJim
Mon Apr 30, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 6862

Re: How would you handle a request for money from a niece?

Good on you for the tough love. I think your instincts are correct ... she is not making good frugal financial decisions. Sometimes poverty is not caused by poor decision making and poor character... and it is just circumstances outside of ones own control. In cases such as this, charity and generos...
by CaliJim
Sat Apr 07, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2824

Re: WF Visa 3% FX fee

I called WF and added a PIN to my already chipped credit card. OK I'm happy. Chip and Pin here I come. I'm all set. Please note that adding a PIN to a US card does not make it into a chip-and-PIN card. If the card is chip-and-signature in the US (which most are), it will remain chip-and-signature o...
by CaliJim
Fri Apr 06, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3207

Re: Large Single Stock Position - Can't Sell - Retirement Account

IMHO: include in equity portion of overall AA increase expected risk iof equities (std deviation) when doing scenario/mote carlo planning. decrease stock to bond ratio to compensate for increased risk consider selling portion to bring the single stock allocation down from 10% NW to <5%. (ie: manage ...
by CaliJim
Fri Apr 06, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: What Did I Just Do? (Possible Scam)
Replies: 13
Views: 3130

Re: What Did I Just Do? (Possible Scam)

call the phone number on the back of your CC and discuss with their customer service/fraud folks
by CaliJim
Fri Apr 06, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2824

Re: WF Visa 3% FX fee

lots of good actionable info in the replies. thanks all it turns out that the one other CC card I already have (an airline Visa that I got for the companion fare, and have used precisely once ) is FTF free. yeah. i'm all set. for those of you taking huge advantage of the CC rewards programs....good ...
by CaliJim
Fri Apr 06, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2824

Re: WF Visa 3% FX fee

oldcomputerguy wrote:
Thu Apr 05, 2018 7:34 am
ivk5 wrote:
Thu Apr 05, 2018 6:19 am
^ this sums it up. The reference in OP to "buying" a CC makes no sense to me.
It does make sense when you discover that the article to which OP links only lists credit cards that have annual fees.
yes.
annual fee=buying card. (more like renting!)
that is what i meant
by CaliJim
Thu Apr 05, 2018 12:56 am
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2824

Re: WF Visa 3% FX fee

got it. I guess I'll look into getting another card. ugh
by CaliJim
Wed Apr 04, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2824

[Wells Fargo Visa 3% Foreign Exchange fee]

Hi, Me and my credit card are going on a trip overseas in May. And I don't travel overseas a lot so I need to ask you all about this. I called WF and added a PIN to my already chipped credit card. OK I'm happy. Chip and Pin here I come. I'm all set. Then the banker says: BTW - you have a 3% FX fee o...
by CaliJim
Tue Mar 27, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 3765

Re: Los Angeles Condo Purchase Advice

Congrats. Her parents like you. Do it.
by CaliJim
Fri Mar 23, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Underrated places to visit in U.S.?
Replies: 126
Views: 11537

Re: Underrated places to visit in U.S.?

The 48 states north and west of California are well worth a visit. California is too crowded. Nobody goes there anymore.
by CaliJim
Fri Mar 23, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant mistake? Foreign Tax Carryover
Replies: 2
Views: 288

Re: Accountant mistake? Foreign Tax Carryover

I checked my 2016 and earlier returns prepared by an accountant. In all those years, he had listed carryover FTC numbers at the end of the Fed return printout he gave me, but there was no entry on line 10, Form 1116 and AMT 1116. Why he did not use CO, which I think might have given me a bigger ref...
by CaliJim
Thu Mar 15, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Tips on saving on living expenses for a first time single householder
Replies: 46
Views: 3088

Re: Tips on saving on living expenses for a first time single householder

Get your quiet time entertainment for free from your local library. Grow tomatoes and zucchini in the garden or in pots on the patio. Not to save money necessarily but to establish the habit of taking joy in living simply. Food prep. In addition to learning to cook as others have said, buying chicke...
by CaliJim
Thu Mar 15, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains for house downpayment?
Replies: 10
Views: 832

Re: Pay capital gains for house downpayment?

I don't think a $6k tax hit is too big a price to pay for a new home. Also...do look into withdrawing from the IRA. I *think* I read that down payment on a first house qualifies for a penalty free withdrawal from an IRA. But you may need to pay income tax on the withdrawal... check the IRS bulletins...
by CaliJim
Wed Mar 14, 2018 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Hashgraph
Replies: 2
Views: 585

Re: Hashgraph

I took a quick look. I'm not impressed. One: I DONT WANT EVERY COMPUTER IN THE NETWORK TO KEEP A LEDGER WITH MY TRANSACTIONS IN IT. Even if it is pseudo-anonymous or anonymous. I like the type of money where I can give you money, and you give me the car/bike/flower/hamburger/service..whatever.... an...
by CaliJim
Wed Mar 14, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: Men's Cologne
Replies: 59
Views: 4615

Re: Men's Cologne

I prefer a little gasoline splashed on my shoes, a dash of saw dust under the arms, and a little grease under the nails.

*That's* manly!
by CaliJim
Fri Mar 09, 2018 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9209

Re: Can I take an 85+% pay cut for fun?

Also, kids, their college education, and helping them get started as adults can be very expensive. $500k to $700k of your savings might need to go towards the kiddy tax, With median household income bring $59,000 a year, I'm pretty sure most people aren't spending 10-15 years of their pre-tax incom...
by CaliJim
Thu Mar 08, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9209

Re: Can I take an 85+% pay cut for fun?

Sounds a little like mid-life crisis. I always advise against dealing with an emotional crisis by making huge life changing decisions that affect not only your self, but spouses and young children. Also, kids, their college education, and helping them get started as adults can be very expensive. %50...
by CaliJim
Thu Mar 01, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: I need to file a complaint [Newport taken over 403b at Vanguard]
Replies: 11
Views: 2373

Re: I need to file a complaint

Not much use complaining to fellows like me. I feel your pain but can't do nothing about it other than say this: I suggest you write a polite, clear, and clearly upset, email to Vanguard board level corporate governance staff. I found this email when looking for "vanguard corporate governance": Inve...
by CaliJim
Wed Feb 21, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Recessed 4 inch LEDs: Recommended brands
Replies: 25
Views: 1340

Re: Recessed 4 inch LEDs: Recommended brands

i have many dozens of the Halo RA4 floods and spots in my 1.5 year old home, both inside and out. They are all working very well. Don’t be afraid to go with the 3000k units. They are not too cold. Lutron Maestro dimmers. No flicker.
by CaliJim
Wed Feb 21, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Understanding 2017 ACA Insurance >> Alternative to ACA until age 65 >>Possible Solutions??
Replies: 115
Views: 8201

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

All I can say is: I feel your pain. Medical insurance costs are THROUGH THE ROOF for individual/family coverage. I agree that the income cut-offs don't make sense; there perhaps should be a more progressive ramp between subsidized and non-subsidized costs... but there isn't... and we can't talk poli...
by CaliJim
Mon Feb 05, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: My Mac Pro has gotten gigantically slow online: meltdown $ spectre?
Replies: 19
Views: 2316

Re: My Mac Pro has gotten gigantically slow online: meltdown $ spectre?

What I'd do.... reboot everything in a controlled way: Step one: Turn OFF every computer/smart phone/tablet/smart tv etc in the house, then restart just the cable/DSL modem, wait a bit, the restart the lan router/access point, wait, then restart the Mac Pro. Step two: Test speed of Mac (google speed...
by CaliJim
Mon Feb 05, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1406581

Re: U.S. stocks in freefall

My gut feelings: Working folks should continue investing in a disciplined way through thick and thin as before, buying in accordance with their target asset allocation. And folks should perhaps be patient with regard to rebalancing and TLH opportunities in case the market continues to correct, which...
by CaliJim
Thu Jan 25, 2018 3:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4547

Re: Happy Birthday, Taylor!

Happy Birthday! Keep on keeping on.
Image
by CaliJim
Wed Jan 17, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: AJ Madison?
Replies: 11
Views: 1223

Re: AJ Madison?

I bought all the appliances (kitchen & laundry) for a new house from them on Black Friday 2 years ago. Very happy. Saved a Bundle.
by CaliJim
Tue Jan 09, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Do I need $$ in taxable?
Replies: 26
Views: 4324

Re: Do I need $$ in taxable?

Ok, I guess I wasn't clear in what I am wondering. Basically, the question is there any reason in retirement to have a taxable account. Why not just use a Roth account in lieu of the taxable? 3 types of accounts: taxable, tax-deferred and tax-free. The tax-free (Roth) should be the last money you t...
by CaliJim
Fri Jan 05, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Current BH Thinking On Bonds in Tax-Deferred Account
Replies: 1
Views: 359

Re: Current BH Thinking On Bonds in Tax-Deferred Account

i've had both intermediate tips and total bond fund in tax advantaged. but not so much in tips now. i wish i had loaded up on tips when the real rates were high... but i missed that boat. now i think the inflation protection premium charged for tips is too high. and i dont have sooo much $ that infl...
by CaliJim
Fri Jan 05, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need $$ in taxable?
Replies: 26
Views: 4324

Re: Do I need $$ in taxable?

Ok, I guess I wasn't clear in what I am wondering. Basically, the question is there any reason in retirement to have a taxable account. Why not just use a Roth account in lieu of the taxable? Example: Imagine that I have $0. in taxable. All assets are in tIRA accounts. So any money withdrawn from t...
by CaliJim
Fri Jan 05, 2018 2:10 am
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 28
Views: 4256

Re: Marijuana stocks

The DOJ just decided to give US Attorneys the opportunity to prosecute, pretty much at will. This is a change from the continuation of the Obama administration hands off policy which DOJ had been operating under until today. I'm not sure what the impact will be in states where it is legal. Regardle...
by CaliJim
Fri Jan 05, 2018 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Do I need $$ in taxable?
Replies: 26
Views: 4324

Re: Do I need $$ in taxable?

what you are missing is actual numbers... amount in taxable,tIRA, R-IRA capital gain amounts taxable NQ dividend income annual expenses ... as i understand it...which isn't “deeply”, and i didn't quite get your situation: roth conversions are great when done in low tax brackets. so just plan on revi...
by CaliJim
Fri Jan 05, 2018 1:43 am
Forum: Investing - Help with Personal Investments
Topic: Pay Down Rental or Save for Down Payment?
Replies: 5
Views: 590

Re: Pay Down Rental or Save for Down Payment?

1) increase emergency fund to 6 or more months of living expenses. stuff happens. 2) imho...since the rental is positive cash flow, the leverage is working in your favor. keep the cash and don't pay down that debt, but do plan for maintenance and repairs. 3) anything left over...save for early retir...
by CaliJim
Fri Jan 05, 2018 1:12 am
Forum: Investing - Theory, News & General
Topic: Does all net income that doesn’t get paid out as a dividend add to a company’s equity?
Replies: 9
Views: 930

Re: Does all net income that doesn’t get paid out as a dividend add to a company’s equity?

I used to think that 100% of a company’s net income would either get paid out as dividends or add to a company’s retained earnings but I’ve realized that, in a lot of cases, some of a company’s net income just seems to disappear. Where does this additional net income go? Would paying off debt with ...
by CaliJim
Wed Jan 03, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Resources to teach children about economics, investing, building a work ethic
Replies: 2
Views: 337

Re: Resources to teach children about economics, investing, building a work ethic

Can anyone suggest some resources to teach my elementary school grandchildren about economics, investments, setting monetary goals, retirement, work ethic, etc. hire them to do some work for you that you are “too old” to do yourself, then talk to them about what they want to spend their earnings on...
by CaliJim
Wed Jan 03, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 1895

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

btw... if you are eligable to contribute to the roth... by all means... do so before investing in taxable

bonds in roth are fine.
by CaliJim
Wed Jan 03, 2018 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 1895

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Thanks, CaliJim. But note that I don't have any stocks in tax advantaged/401K. So...still curious to know which bucket to start filling next with Total Bond: taxable or Roth? generally: better to favor stocks in taxable and bonds in tax-advantaged accounts. but it is ok to have both in tax advantag...
by CaliJim
Wed Jan 03, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Backtesting is scary!
Replies: 10
Views: 1314

Re: Backtesting is scary!

0.3 is not a lot to pay for hand holding and may be worth it if you predecease you spouse ans said spouse is not financially savy

that said..20% total stock market, 60% total bond market, and 20% CDs should give a pretty smooth ride and is easy to set up and maintain.
by CaliJim
Tue Jan 02, 2018 11:59 pm
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 10459

Re: Effects of extreme cold weather

(meh...CA’s too crowded, so nobody goes there anymore. stay where you are. :twisted: )
by CaliJim
Tue Jan 02, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 1895

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

generally: better to favor stocks in taxable and bonds in tax-advantaged accounts. but it is ok to have both in tax advantaged accounts. muni bonds in taxable are ok too. so.. sell some stocks in tax advantage/401k, then buy some stocks in taxable and buy bonds in tax advantaged see also: https://ww...
by CaliJim
Tue Jan 02, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Annoying/Loud Sidewall Power Venter
Replies: 6
Views: 529

Re: Annoying/Loud Sidewall Power Venter

re Noise: unplug, open the thing up, clean it and lube it. if that doesn't fix it, replace it. both replacement wheels and wheel and motor kits are available on amazon. re cycling: as above... leaky house, window open, poor insulation? also, bad thermostat maybe. https://images-na.ssl-images-amazon....
by CaliJim
Thu Dec 28, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Income Fund - Only 20% stocks?
Replies: 20
Views: 2380

Re: LifeStrategy Income Fund - Only 20% stocks?

Jeesh.....100% Intermediate term bonds will likely keep up with normal levels of inflation, as long as your not spending much of it! I'm just a few years older, have made my number, and feel comfortable with a 45/55 split. IMHO: Strategic Income Conservative Growth Fund would be good for you too...p...
by CaliJim
Sat Dec 23, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff in 6 Years - Good Strategy?
Replies: 5
Views: 1171

Re: Mortgage Payoff in 6 Years - Good Strategy?

i'd pay it off. i did that a few years ago....felt great. it was not strictly a financial decision. leverage acts as an amplifier. it makes gains bigger and losses bigger as well.... the "100% stocks for the long run" folks may disagree....but I think folks with mortgages should think about how it i...
by CaliJim
Sat Dec 23, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 8299

Re: Will you donate less to Charity?

i'll probably continue giving at about the same rate, but I give only about about 1.5% of income rate. we do not have a DAF.
by CaliJim
Sat Dec 23, 2017 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 62
Views: 10163

Re: going to cash w present instability

Would it be fair to say that u would not want to go out more than 5 years on CDs or if not, please explain I prefer 5 over 7 years .... but I don't think it would make a huge difference. I think of a CD ladder (and short term bond funds) as a recession emergency fund. I like having enough in short ...
by CaliJim
Fri Dec 22, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 62
Views: 10163

Re: going to cash w present instability

A few of MY thoughts with regard to a tip vs cd ladder in tax advantaged space * Real yields on TIPS are unattractive to me / the TIP inflation risk premium is too high for my tastes * if you need to sell your tip security before maturity - you rely on the market to buy it from you at a reasonable p...
by CaliJim
Wed Dec 20, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Cashed out and wondering if/when to get back in
Replies: 26
Views: 3982

Re: Cashed out and wondering if/when to get back in

Thanks to all of you who have responded to my question! What a wonderful group of smart, articulate people who are kind enough to take the time to share their experiences and insights. I also appreciate the informed nudging! I read all of your responses, as well as the links some of you offered (li...
by CaliJim
Tue Dec 19, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: When to move into bonds
Replies: 53
Views: 5729

Yo!

Slow down...We got so caught up talking amongst ourselves that we lost the OP
by CaliJim
Mon Dec 18, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 62
Views: 10163

Re: going to cash w present instability

I'm 100% stocks and nothing about the present market makes me particularly doubt that allocation. You must have huge labor capital ahead of you, a huge portfolio, great fortitude, or big somethings... Most of us average folks hang out in in the 25/75 to 75/25 asset allocation territory. https://www...
by CaliJim
Mon Dec 18, 2017 11:40 pm
Forum: Investing - Theory, News & General
Topic: converting IRA to a Roth-
Replies: 5
Views: 706

Re: converting IRA to a Roth-

Hi Cali..... I like your screen name. You can play with i-orp to get an answer on Roth conversion. https://www.i-orp.com/GOPtax/index.html As you probably know, Roth Conversion is a bit of a tax rate arbitrage game. If you think your marginal tax rate now is lower than it will be in retirement, then...
by CaliJim
Mon Dec 18, 2017 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: When to move into bonds
Replies: 53
Views: 5729

Re: When to move into bonds

Dear Original Poster (OP): Sorry we got sidetracked..... back to your question about when and how much in bonds, how to diversify, where to look for more info: Regarding where to look: 1) Most of our collected wisdom on retirement planning is in this book - "Boglehead Guide to Retirement Planning", ...