Search found 352 matches

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: 1052

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: 4538

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: 566

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: 3421

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: 2149

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: 6703

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: 3332

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: 3332

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: 624

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: 4018

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: 39009

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: 1805

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: 1974

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: 3470

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: 770
Views: 256120

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: 1974

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: 1974

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: 1974

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: 1974

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: 1974

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: 1974

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: 1974

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: 770
Views: 256120

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: 11347

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: 4204

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: 3723

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: 3723

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: 3723

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: 4204

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: 1484

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: 1484

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: 1484

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: 1484

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: 619

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: 619

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: 11151

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: 6504

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: 6731

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: 8780

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: 11528

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: 6703

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: 515

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: 515

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: 1969
Views: 365852

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: 1804

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: 6217

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: 3695

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: 2809

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: 23
Views: 2949

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: 1982

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...