Search found 330 matches

by jaj2276
Thu May 24, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW)
Replies: 754
Views: 242394

Re: Variable Percentage Withdrawal (VPW)

Is there an updated spreadsheet with 2016/2017 returns? I feel awful asking for it because the spreadsheet has been soooo useful to me already (I haven't used it for retirement but to help me with my donor advisor fund).
by jaj2276
Sun May 13, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 89
Views: 9034

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

I'm anywhere from 8 - 20 years to retirement. I was planning on using VPW to try and maximize my withdrawals as I'm conservative in nature and would likely leave a huge pot of money when I finally kick the bucket. What I found interesting about the article was how two other methods I'm not familiar ...
by jaj2276
Sun Apr 29, 2018 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Alliant Credit Union Signature VISA
Replies: 29
Views: 3748

Re: Alliant Credit Union Signature VISA

Has anyone been successful in asking them to waive the annual fee at the one year mark? Will have spent over $70k on the card by that point, hoping they will offer me some consideration. And they have given you over $2100 for that $70k spend. Assuming you pay your balance in full and haven't made a...
by jaj2276
Sat Apr 28, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3190

Re: How stressful is buying a home?

Buying a home isn't stressful. Owning a home is. Home ownership sucks. What do you find stressful about owning a home? I have found it is less stressful than renting. I've owned 3 homes. I've rented 3. Both ways have their pros/cons obviously but ownership is the more stressful to me. The 30-year c...
by jaj2276
Fri Apr 27, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3190

Re: How stressful is buying a home?

emoore wrote:
Fri Apr 27, 2018 3:20 pm
jaj2276 wrote:
Fri Apr 27, 2018 3:14 pm
Maybe you should rent instead if you think it sucks.
Thanks.
by jaj2276
Fri Apr 27, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3190

Re: How stressful is buying a home?

Buying a home isn't stressful. Owning a home is. Home ownership sucks.
by jaj2276
Wed Apr 25, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant Credit Union Signature VISA
Replies: 29
Views: 3748

Re: Alliant Credit Union Signature VISA

Has anyone been successful in asking them to waive the annual fee at the one year mark? Will have spent over $70k on the card by that point, hoping they will offer me some consideration. And they have given you over $2100 for that $70k spend. Assuming you pay your balance in full and haven't made a...
by jaj2276
Tue Apr 10, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications on UGTMs beyond the "Kiddie Tax"
Replies: 23
Views: 1229

Re: Tax implications on UGTMs beyond the "Kiddie Tax"

Are you aware of whether tax loss harvesting would make any sense or be of any benefit within a UTMA/UGMA account? jaj, So far, I'm only doing annual year end harvesting in Dec, mechanically on a schedule like I do for asset allocations. I do not intend to micro-manage this account to every little ...
by jaj2276
Sun Apr 08, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications on UGTMs beyond the "Kiddie Tax"
Replies: 23
Views: 1229

Re: Tax implications on UGTMs beyond the "Kiddie Tax"

RetiredAL wrote:
Fri Apr 06, 2018 7:49 pm
jaj2276 wrote:
Fri Apr 06, 2018 7:21 pm
Are you aware of whether tax loss harvesting would make any sense or be of any benefit within a UTMA/UGMA account?
by jaj2276
Sat Apr 07, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications on UGTMs beyond the "Kiddie Tax"
Replies: 23
Views: 1229

Re: Tax implications on UGTMs beyond the "Kiddie Tax"

I thought going forward that the limits I had to pay attention to was $1050 but now I'm seeing $2100 and even $4700. Can someone explain the importance of those levels? Is the $1050 the amount of earnings (earned or otherwise) needed to require a tax return? And what's the importance of $2100 versu...
by jaj2276
Fri Apr 06, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications on UGTMs beyond the "Kiddie Tax"
Replies: 23
Views: 1229

Re: Tax implications on UGTMs beyond the "Kiddie Tax"

Don't mean to hijack this thread but it seems there are a few knowledgeable people looking at it. I started a UGMA (South Carolina) for my daughter with credit card cash back rewards. For 2017, I proactively TLH'd to the tune of $130 of short-term cap gains and $355 of long-term cap gains. It was my...
by jaj2276
Mon Apr 02, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Finally some TLH opportunities
Replies: 3
Views: 557

Re: Finally some TLH opportunities

Not sure I'd consider my income lumpy but often times dollars I have left over to add to taxable are "lumpy." And over the last 6-7 years I've (fortunately) added to my taxable seemingly soon after any market downturns. This year I added about two weeks ago and hopefully the market will stay down to...
by jaj2276
Mon Apr 02, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Finally some TLH opportunities
Replies: 3
Views: 557

Finally some TLH opportunities

I'm so excited, I think my last TLH opportunity was back in 2011!
by jaj2276
Wed Mar 28, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9594

Re: How Do You Value Your Home for Net Worth Purposes?

Carried at the original purchase price counting principal paid. Every month I simply update my house line item in my net worth spreadsheet to be purchase_price - mortgage amount. Goes up some every month and the increase (i.e. the principal part of my mortgage payment) counts as savings for the month.
by jaj2276
Tue Mar 20, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 5930

Re: How much money can a CPA save you?

I get a letter from the IRS every year telling me I owe them money. Usually it is related to a Backdoor Roth or similar, and they are always wrong. My CPA takes care of the correspondence to clear up the matter, at no extra charge. I'm sure I could figure out how to do it myself, but I'd rather not...
by jaj2276
Tue Mar 06, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5990

Re: Donations to your enrolled public school

Probably about $2000/year. And we are borderline slackers, lots of parents contribute $10k+ per year. I honestly have no idea where the money goes, but there is a lot of peer pressure from the other parents to contribute. I once mentioned that I found $400 per person for a public school fundraiser ...
by jaj2276
Mon Feb 12, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7704

Re: I’m not renewing my Costco membership.

It's tough for us to compare using a simple cash flow comparison because I believe there is value in their Kirkland brand. We buy their Kirkland brand dog food. Could I get cheaper dog food elsewhere? Sure but I don't think it's an apples to apples comparison. Same with baby formula. I think we come...
by jaj2276
Mon Jan 29, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 10822

Re: Wall Street to Vanguard: We’re Not Your Doormat

In my 401k plan, I'm charged 25 bps (instead of Fido's 5bps) for investing in Vanguard funds. It sucks but it still ends up being cheaper than the other funds they offer.
by jaj2276
Thu Jan 18, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant 3/2.5% card - any experience?
Replies: 39
Views: 5170

Re: Alliant 3/2.5% card - any experience?

I opened a credit card with Alliant last fall when I had a less than pleasing experience with Citi and my Double Cash card. As has been detailed earlier in the thread, the application process was by far the most intensive process I've ever experienced with a credit card. Short of having someone appr...
by jaj2276
Wed Jan 03, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on a Lease option agreement and Seller's risks
Replies: 5
Views: 457

Re: Taxes on a Lease option agreement and Seller's risks

Ok, biggerpockets.com it is.

I'm leaning towards titling the house in their name, drawing up a promissory note and then securing that promissory note with a mortgage. If any issues arise, I will then have to foreclose on them.
by jaj2276
Mon Jan 01, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on a Lease option agreement and Seller's risks
Replies: 5
Views: 457

Re: Taxes on a Lease option agreement and Seller's risks

The fact this got no responses doesn't bode well for me and my quest for information on this topic. OP, if you are still around, how did this work out? I'm asking because my wife and I have made the horrible decision (kidding somewhat) to become landlords to my relocating sister-in-law/husband. Thei...
by jaj2276
Mon Jan 01, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 330128

Re: What are you up YTD? [Year To Date]

For 2017 I had an XIRR of 14.63%. Net worth increase of 30%. My securities portfolio had a breakdown of: 27.6% bonds 41.6% US stock 20.6% Intl Stock 10.2% Gold/Silver I'm 75%/15%/10% for large/mid/small and 32%/34%/34% for growth/blend/value. I have another investment that isn't included as part of ...
by jaj2276
Thu Nov 02, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: What Type of Account to Save for Kid's 1st Car?
Replies: 29
Views: 1573

Re: What Type of Account to Save for Kid's 1st Car?

Open a UTMA, put the money in the Lifestrategy moderate growth (60/40) or the Lifestrategy growth fund (80/20). Each year you’ll receive a form 1099-div form, if unearned income is less than $1,050 and capital gains if any are less than $1,050 it will be tax exempt if you file tax return on behalf ...
by jaj2276
Fri Oct 06, 2017 6:42 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 5446

Re: Too much house? (nervous 1st time buyer)

I bet you are going to regret your decision no matter what. If you proceed with buying, once you buy you're going to wonder what you were thinking (a big anchor, too expensive once you factor in all the updating/maintenance/insurance you have to pay, etc.). Whether it was a good decision or not won'...
by jaj2276
Thu Sep 21, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3510

Re: New to Investing. 450k cash

So my current plan is: Refinance with putting down 300k towards the mortgage. That makes my monthly payments decrease to 2200 from 3500. Remaining 150k I will use as emergency fund and to max out my 401k, traditional IRA for me and my spouse going forward. This will take about 24k/year since I was ...
by jaj2276
Tue Sep 19, 2017 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund: Am I thinking about this correctly?
Replies: 31
Views: 2631

Re: Donor Advised Fund: Am I thinking about this correctly?

I opened a DAF last year with ~$100k of stock that had a cost basis of about $55k. I then took $100k of my income and bought stock in my taxable so I effectively upped my cost basis of my stock holdings (as opposed to just donating $100k). My taxes worked exactly like I thought they would although m...
by jaj2276
Thu Sep 07, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 13
Views: 1824

Re: Variable Percentage Withdrawal

When I first read about VPW in the original thread something about it appealed to me. Maybe it was because the super-awesome/simple implementation allowed me to ponder endless what-if scenarios. Being in my early 40s it will be some time before I get to test out VPW against my portfolio. However I d...
by jaj2276
Tue Aug 22, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: How to Become a Spender?
Replies: 16
Views: 1856

Re: How to Become a Spender?

I really don't think you can *become* a spender. Unless maybe you get hooked on drugs or young(er) women. I mentioned to my wife that it was my intent to open up the purse strings going forward but I don't find any satisfaction in spending more. I do find satisfaction in saving more. This past vacat...
by jaj2276
Tue Aug 08, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Any veterinarians that can quickly weigh in re: estimate?
Replies: 39
Views: 4987

Re: Any veterinarians that can quickly weigh in re: estimate?

My 7-yr old black lab just had a full teeth cleaning and 1 triple root tooth extraction (the back molar). The total cost (including anesthesia) was $685. The line-item cost for the tooth extraction was $250. That $2k bill seems a bit high. The anesthesia was $230. The other $200 was for the teeth cl...
by jaj2276
Fri Jun 30, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Ok, I've changed the schedule a bit more. I've substituted Davenport for Burlington. I will still visit Burlington on the first day to get in Snake Alley, but will stay in Davenport. Maybe take in a Quad Cities minor league game but that would be an aggressive schedule. I doubt the baseball game wil...
by jaj2276
Tue Jun 27, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Ok so seems like I've shortchanged the Amana colonies. And since I got a definite no on Adventureland, maybe we'll do Amana colonies in place of Adventureland after visiting the Miss River museum. Seems like maybe I should try and stay in Iowa City and/or Davenport as opposed to Burlington. Maybe ev...
by jaj2276
Tue Jun 27, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Seeing as how this drummed up a good bit of interest, I'm going to go in to more detail about our itinerary (we made this a few weeks ago, well before I posted this thread). I'm using Google maps to estimate driving times. My big concern is that I don't know how much I'll stay at any given attractio...
by jaj2276
Mon Jun 26, 2017 6:47 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Thanks to everyone who has chimed in! Now I'm worried we won't have enough time to do all the things we'll want to do! My wife and I have been to (or have spent time in due to living there) 30 of the 50 states. Every single one of them has been enjoyable and has been a place where I could see myself...
by jaj2276
Mon Jun 26, 2017 6:40 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Ask Mark Zuckerberg? Or alternatively, Mark Zuckerberg, is that you? I spent some time in Omaha and Lincoln. The zoo is a good destination; one of the very best in the country. I enjoy the state fair but that's later in the summer. Definitely check out The Old Market in Omaha. (Lincoln is pretty bo...
by jaj2276
Mon Jun 26, 2017 6:35 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

I have not been there for decades but the Amana colonies in Iowa would be worth considering. https://www.tripadvisor.com/Attraction_Review-g29354-d108558-Reviews-Amana_Colonies_National_Historic_Landmark-Amana_Iowa.html I never made it there but the Sand Hills are a very unusual large geographic fe...
by jaj2276
Mon Jun 26, 2017 6:34 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Harper's Ferry IA (@ 1.5 hrs north of Dubuque): 1) Effigy Mounds National Monument From the website: "Sacred Space. The mounds preserved here are considered sacred by many Americans, especially the Monument's 20 culturally associated American Indian tribes. A visit offers opportunities to contempla...
by jaj2276
Mon Jun 26, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

You just missed the college World Series in Omaha. You can see if there are any concerts at centurylink center, or shows at the Orpheum theater. If staying downtown check out the old market for dining and shopping. Omaha has great restaurants, look for places in Old Market, Dundee, Blackstone, and ...
by jaj2276
Mon Jun 26, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

seersucker wrote:Check out Okoboji.
You had me at Boji Brewhaha.
by jaj2276
Mon Jun 26, 2017 6:27 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

If you like baseball, three of those have a minor league team. That's a fun evening for me when I'm in an unfamiliar town in the summer. Iowa Cubs, in Des Moines (Chicago Cubs AAA affiliate) Omaha Storm Chasers (Kansas City Royals AAA affiliate) Burlington Bees (Los Angeles Angels Class A affiliate...
by jaj2276
Mon Jun 26, 2017 6:24 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

Field of dreams :D On the itinerary, thanks. I hope it's not crowded though so I get to spend some time imagining some favorite ball players out on the field. Heck, I'd like to run the bases, not sure if that's allowed. In my mind the thing is going to look just like I remember it in the movies and...
by jaj2276
Mon Jun 26, 2017 6:23 am
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Re: Things to do in Iowa/Nebraska

nisiprius wrote:We plan to be in Nebraska August 21st with the hope of seeing the total eclipse of the sun. I won't say you should delay your trip six weeks, though.
We'll be in Charleston, SC for that ;)
by jaj2276
Sun Jun 25, 2017 7:16 pm
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 73
Views: 5327

Things to do in Iowa/Nebraska

We pull a state name out of a hat each year and this year Iowa was pulled. We're going the week after July 4th. Does anyone have any ideas on things to do/places to visit? We've filled out our itinerary so far, planning on spending a night in Burlington, two nights in Dubuque, two nights in Des Moin...
by jaj2276
Fri Jun 23, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 2850

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

... -- I can't believe that you have to pay an Attorney Review fee. That's usually rolled up in the attorney fee which itself seems a bit high but not awful. .... That's the fee for the bank's lawyer. It's so tiny because the buyer's lawyer prepares the documents for review by the bank's lawyer. No...
by jaj2276
Fri Jun 23, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"
Replies: 25
Views: 4804

Re: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"

Taylor, I think some of this is driven by clients. Clients want to see that their advisor is "doing something", I think seeing a three fund portfolio might raise objections after spending hundreds if not thousands on a financial plan. Probably ego not only on the part of the advisor but also on the...
by jaj2276
Thu Jun 22, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 2850

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

Most look ok. -- That application fee seems a bit high. -- I can't believe that you have to pay an Attorney Review fee. That's usually rolled up in the attorney fee which itself seems a bit high but not awful. -- Title insurance (lender's and owner's) is a little expensive but not by much. -- Survey...
by jaj2276
Sun May 28, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Unwinding a maturing UTMA to pay least taxes
Replies: 18
Views: 1643

Re: Unwinding a maturing UTMA to pay least taxes

I can't answer livesoft's question, but I did want to add a question on to my own. I opened a UGMA account (one of 2 states to have UGMA and not UTMA) for my 1.5 yr old last year. Should I tax gain harvest each year up to the kiddie tax threshold so that when the account transfers over, the minor ha...
by jaj2276
Fri May 26, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1331

Re: Portfolio Lending

I figured it out. I made my first purchase of a mutual fund today after the account was converted to margin and mutual funds require 100% margin for 30 days. After 30 days they become marginable. Basically all my MFs right now say "Vanguard Short-Term ... (Cash)" and after 30 days will change to ".....
by jaj2276
Fri May 26, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1331

Re: Portfolio Lending

I wouldn't be using margin or portfolio lending to buy securities although the cash would be used for investments (just not registered ones). I agree that the rates are too high but I checked a few other sites (Fidelity, Schwab) and they didn't seem much different from the other brokers. Is there a...
by jaj2276
Thu May 25, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1331

Re: Portfolio Lending

Ahhh, perfect! Although I wonder why there are two types of ways to borrow (margin and portfolio lending) if I can use the borrowed proceeds as cash. Anyways, I'm off to Vanguard to learn more about their margin offering. Thanks so much! They may provide it as cash, but you still aren't allowed to ...
by jaj2276
Thu May 25, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Lending
Replies: 11
Views: 1331

Re: Portfolio Lending

Hopefully someone knowledgeable about margin sees this thread. I enabled my Vanguard account for margin and it seems like everything has gone through. The title of the account now ends with "... (Margin)" and every security I currently own ends with how I bought it "... (Cash)". There are new fields...