Search found 360 matches

by jaj2276
Thu Nov 29, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3311

Re: What would you do with $6,000 in gold and silver?

Sell it to me for $4000. PM me if you're interested.
by jaj2276
Thu Nov 22, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan as an Uncle
Replies: 21
Views: 1667

Re: 529 Plan as an Uncle

OP, https://www.bogleheads.org/forum/viewtopic.php?f=2&t=264069 From your other thread, you are in the late 30s with 250K gross income and net worth of 350K. Your annual expense is probably at least 100K. Your FI number is about 25X 100K = 2.5 million. You are not in a good financial shape to pay f...
by jaj2276
Thu Nov 22, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2031
Views: 377481

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

+2.13% YTD

25% bonds, 50% stocks (2/3 US, 1/3 Intl), 7.5% precious metals, 17.5% Hedge Fund.
by jaj2276
Thu Nov 22, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan as an Uncle
Replies: 21
Views: 1667

Re: 529 Plan as an Uncle

OP, https://www.bogleheads.org/forum/viewtopic.php?f=2&t=264069 From your other thread, you are in the late 30s with 250K gross income and net worth of 350K. Your annual expense is probably at least 100K. Your FI number is about 25X 100K = 2.5 million. You are not in a good financial shape to pay f...
by jaj2276
Wed Nov 21, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan as an Uncle
Replies: 21
Views: 1667

Re: 529 Plan as an Uncle

There are two plans for Maryland, a Prepaid College Trust and a College Investment Plan ( https://maryland529.com/ ). What you described in your original email seems like you were talking about the Prepaid College Trust (i.e. you prepay for MD tuition credits). The College Investment Plan however is...
by jaj2276
Thu Oct 25, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1584

Re: Net worth compared to Medicare earnings

Well Medicare earnings is what the Soc Sec statement calls it but yes, gross wages is the equivalent. My NW is high. My gross earnings are high(er). I guess I was surprised to see that my NW wasn't as high as my gross earnings would have suggested. Doesn't seem others are too interested in this so ...
by jaj2276
Thu Oct 25, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1584

Re: Net worth compared to Medicare earnings

Well Medicare earnings is what the Soc Sec statement calls it but yes, gross wages is the equivalent. My NW is high. My gross earnings are high(er). I guess I was surprised to see that my NW wasn't as high as my gross earnings would have suggested. Doesn't seem others are too interested in this so a...
by jaj2276
Wed Oct 24, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1584

Net worth compared to Medicare earnings

Does anyone know of any research articles where they look at net worth as a function of Medicare earnings? I looked at my social security statement and I was surprised that my medicare earnings were so high (simply a function of time in the job market I suppose) and that my net worth was a small % o...
by jaj2276
Tue Sep 25, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to direct spouse to use life insurance proceeds if I die first?
Replies: 15
Views: 1068

Re: How to direct spouse to use life insurance proceeds if I die first?

In my view, life insurance is to buy some time for the survivors to figure out what to do next. Life can go on as normal as possible for a while. They need information. They may want some suggestions. You might have some conversations about "what if". Ultimately, it's not your choice any more. We h...
by jaj2276
Tue Sep 25, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4613

Re: Investing in the Rare Opportunity

If this was posted 5-10 years ago I would have said to simply take the cashout (option #2). I have however been presented an opportunity that is similar in nature (if not amounts) to fictitious Johnny's. I started a job after I had a good low 7-figure nest egg. This new company was closer to a start...
by jaj2276
Sun Sep 23, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: “Floating Basement Flooring” - Which Product?
Replies: 5
Views: 581

Re: “Floating Basement Flooring” - Which Product?

I'm in the process of renovating the 1st floor of our house that acts as the "downstairs." I didn't want to spend a lot of money so was directed to use a floating floor. My contractor (who I've used for various reno projects throughout the year) uses a professional wholesale place for tile, flooring...
by jaj2276
Fri Aug 10, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3504

Re: Is your monthly expense really that stable or in reality, pretty volatile?

cj2018 wrote:
Fri Aug 10, 2018 3:34 pm
  • oil change: $220 (damn you, jiffy lube) - i drive a Honda and only do oil change stuff probably once and twice per year
I hope this is a typo and you really don't get charged $220 for an oil change. Even if that oil change is full synthetic.
by jaj2276
Thu Aug 02, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Hiking vacation in November - any recomendations?
Replies: 35
Views: 2233

Re: Hiking vacation in November - any recomendations?

Might I suggest Big Bend National Park in Texas. I did a President's Day weekend trip (Feb '16) by myself (male also) and thoroughly enjoyed it. There were hardly any hikers so if you want to social hike then this probably isn't the place for you. They have desert hikes, mountain hikes, and river hi...
by jaj2276
Mon Jul 16, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Alliant 3/2.5% card - any experience?
Replies: 44
Views: 6960

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

Still love this card. I don't partake in churning so this is still the best straight up cash back card even at 2.5% and $59. There are a few things I like about this card more than the Citi Double Cash (which I used prior to this card as my main card). There is no minimum amount of cashback before ...
by jaj2276
Fri Jul 13, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: What's your *real* asset allocation?
Replies: 30
Views: 3399

Re: What's your *real* asset allocation?

My point in doing this exercise was to see if I felt I was taking more or less risk with my portfolio. On one hand my bond allocation went from ~29% to ~21% which seems like a big increase in risk. However my largest single position (US equities) went down from ~40% to ~30% so it seems like I've bec...
by jaj2276
Thu Jul 12, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: What's your *real* asset allocation?
Replies: 30
Views: 3399

What's your *real* asset allocation?

I state that my asset allocation is Age - 10 in bonds (29.5% since I average both my wife and my ages together), 10% precious metals, rest in equity split 2/3 US and 1/2 Intl. And I keep pretty close to that in the accounts that I use to compute these values (29.67% bonds, 9.52% precious metals, 41....
by jaj2276
Mon Jul 09, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: "Managing" a DAF for very long term
Replies: 7
Views: 649

Re: "Managing" a DAF for very long term

I've mentioned this in a few other threads but I use VPW ( https://www.bogleheads.org/wiki/Variable_percentage_withdrawal ) to manage my DAF grants. The VPW is meant to deplete a retirement portfolio but I find it works for a philanthropic portfolio as well. We gifted a medium-sized stock account w/...
by jaj2276
Fri Jul 06, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 4161

Re: Do you count pension contributions as a portion of your overall retirement contributions.

I've seen this question somewhere on the forum but can't dig it up. When contributing to a pension should you include that amount as part of your overall contribution amount? If so what part of the breakdown below? If you contribute 5% to a pension and your workplace contributes 5% and you contribu...
by jaj2276
Wed Jun 13, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 39249

Re: Bogleheads, tell me about your 40's?

I love this thread. I have a strange feeling of melancholy while reading it though. Enjoyed my 20s and 30s. I'm 42 and just had our 2nd and final kid (other kid is 2.5). I had no problems "turning" 40. Financially the family is in great shape. I am in the same shape I've been in for most of my life ...
by jaj2276
Wed Jun 13, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Fund college tuition through 529 plan or Indexed Universal Life (IUL)
Replies: 32
Views: 1883

Re: Fund college tuition through 529 plan or Indexed Universal Life (IUL)

These threads ("Can I use <some form of non-term> life insurance to pay for XXX?") are like car wrecks to me. I can't look away. I know the board's response but each thread unfolds slightly different to keep them interesting.
by jaj2276
Tue May 29, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

Most, but unfortunately not all, asbestosis settlements are tax free. If this is one of the rare cases where tax is due... It's worth checking now rather than later. Also, purchased annuities are taxed as ordinary income, while the settlement annuity (probably) won't be. For the total cost of a che...
by jaj2276
Mon May 28, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to Invest for 1yr old daughter
Replies: 27
Views: 3571

Re: Starting to Invest for 1yr old daughter

We started a UGMA account for our now 2.5 yr old daughter when she was born. Our second daughter was just born and I plan to open a UGMA for her too. We fund those accounts with credit card rewards dollars and invest it in something like Balanced Index. The amounts won't be life changing for them at...
by jaj2276
Mon May 28, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW)
Replies: 792
Views: 261547

Re: Variable Percentage Withdrawal (VPW)

longinvest wrote:
Sun May 27, 2018 8:29 am

[*]Started directly collecting US historical returns and inflation data (for 2015 and later) based on NAV returns of Vanguard ETFs (VTI, VXUS, and BND) and the Bureau of Labor Statistics historical CPI-U data.[/list]
What is the reason for this (and why start in 2015)?
by jaj2276
Mon May 28, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

7) She stated the thing she's most concerned about is having a reliable car. Seems bizarre since she only drives about 4k miles a year but whatever, it's her concern. Do low-mileage leases exist that give price breaks? I'd like to get her on a schedule of getting a new car every 2-3 years but I don...
by jaj2276
Mon May 28, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

2) I went to immediateannuities.com and got a quote for a $250k SPIA of $17.1k/yr. Basically for $900/yr ($18k vs $17.1k) she'll be able to extend the annuity to her lifetime in case she lives past 89. Doesn't seem like an awful trade-off. That could be tricky to compare because; 1) She would not b...
by jaj2276
Mon May 28, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

One option you can do is invest in a life strategy fund. Vanguard's income fund (VASIX) is a one fund solution that invests 20 percent in stocks and 80 percent in bonds.This fund is well diversified and is great for older people, especially if they are losing cognitive function. If this fund seems ...
by jaj2276
Mon May 28, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

My mother turns 67 this year. Recently widowed and is currently drawing widow's benefits from SSA. I am not entirely clear if her benefit will be higher than her window's benefits at 70. Assume she'll continue drawing widow's benefits. One of the first things to do would be to get all the details o...
by jaj2276
Mon May 28, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

Using the numbers in the OP: ... 3) 3.36%, the number one gets from $700 * 12 / $250K. In other words, withdraw what she needs for living expenses. Maybe more, depending on the amount of large but not annual expenses she might have. ... 5) Withdraw at least what you need and at most what you want, ...
by jaj2276
Sun May 27, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Re: Financial plan review for a widowed mother

Thanks, appreciate the look. I hadn't thought of using either the 20-yr annuity or the lifetime annuity as making up for the shortfall of monthly expenses and saving for when the monthly expenses increase (which in your scenario was 11 years out).
by jaj2276
Fri May 25, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 2013

Financial plan review for a widowed mother

I wanted to get the board's thoughts on financial advice/thoughts I gave to my mom (importantly AFTER she asked). My mother turns 67 this year. Recently widowed and is currently drawing widow's benefits from SSA. I am not entirely clear if her benefit will be higher than her window's benefits at 70....
by jaj2276
Thu May 24, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW)
Replies: 792
Views: 261547

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: 98
Views: 11615

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: 4357

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: 3907

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: 3907

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: 3907

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: 4357

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: 1536

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: 1536

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: 1536

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: 1536

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: 635

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: 635

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: 11456

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: 6576

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: 6921

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: 9061

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: 11628

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: 44
Views: 6960

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: 525

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.