Search found 1974 matches

by J295
Mon Apr 22, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains
Replies: 5
Views: 555

Re: Real estate capital gains

1. Joint ownership is a poor idea. What happens when your sister gets in a big accident that exceeds her insurance coverage, Or gets divorced or files bankruptcy, or has a judgment against her that attaches to all real estate in which she has any ownership interest? Etc. etc. 2. Google and read up o...
by J295
Mon Apr 22, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly, even lower opinion of financial planners/money managers
Replies: 52
Views: 3218

Re: Suddenly, even lower opinion of financial planners/money managers

Ok. Appreciate the clarification. I was impacted by “suddenly, even lower opinion of financial planners/money managers.”
by J295
Mon Apr 22, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly, even lower opinion of financial planners/money managers
Replies: 52
Views: 3218

Re: Suddenly, even lower opinion of financial planners/money managers

So you pass a test and that lowers your opinion of an entire group that takes the same test? I typically let these biased judgmental posts pass, but not today. Certainly yours is one of many posts that pop up with unchallenged judgments of service providers as a group. Don't want to use a planner --...
by J295
Mon Apr 22, 2019 8:54 am
Forum: Personal Investments
Topic: Need help selling MLP [Master Limited Partnership]
Replies: 10
Views: 721

Re: Need help selling MLP [Master Limited Partnership]

Use an accountant this one year that you sell out if you're not satisfied with turbo tax or similar (unless you enjoy drilling down on this type of stuff).
by J295
Mon Apr 22, 2019 8:53 am
Forum: Non-US Investing
Topic: The urge to go back to stockpicking [Malaysia]
Replies: 25
Views: 1379

Re: The urge to go back to stockpicking

Doesn't have to be either/or ... you can have your portfolio be both/and ..... you can allocate a percentage to indexing and percentage to your stock picking.... and, despite the evidence to the contrary there's nothing inappropriate about picking stocks if you are doing it with your eyes wide open ...
by J295
Sun Apr 21, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3133

Re: update 70s kitchen or nah?

Money is an issue, you won’t get your money back in full, you dread the process and you’re willing to live with it the way it is.

Seems straightforward for you. Decline the project.
by J295
Sat Apr 20, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 34
Views: 2684

Re: Buying a house without a realtor

Unless you are an experienced real estate person, use a hard working experienced realtor to help you
by J295
Wed Apr 17, 2019 10:25 pm
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5264

Re: Bogleheads privacy warning

deleted
by J295
Sun Apr 14, 2019 6:52 am
Forum: Personal Consumer Issues
Topic: Free Southwest Companion Pass for 2019
Replies: 63
Views: 5648

Re: Free Southwest Companion Pass for 2019

Seems like a good deal to us. A dozen flights in 2019 with companion for us for $69 and a modest spend.

Sure, two years are better than one year. But one year suits us just fine and we are not in a position to manufacture the spend required for the points needed for the two-year.
by J295
Sat Apr 13, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: No need to file a tax extension form?
Replies: 27
Views: 1716

Re: No need to file a tax extension form?

If you owe the IRS and state and don't file for an extension (as noted by other response) you will not only have late payment penalties and interest, but also failure to file penalties. Two separate items. File the extensions (check to see if one is required by your state).
by J295
Sat Apr 13, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Site for Car Rental in Major City
Replies: 8
Views: 770

Site for Car Rental in Major City

Please recommend your favorite site for renting an auto (in this case SUV and mini van). Will be at airport (Midway in Chicago; and another trip in Albuquerque).

Thanks.
by J295
Fri Apr 12, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7285

Re: One-more-year - am I done or not?

Transition away from the full time job.
by J295
Fri Apr 12, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8526

Re: Buying a house next year. Wife wants a big house. Thoughts?

Nearly all of my life decisions are what’s in the best interest of my family. Can’t tell you which house is in the best interest of your family, but that’s my guiding principle
by J295
Tue Apr 09, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Broadly Written Non-Competes
Replies: 12
Views: 1061

Re: Broadly Written Non-Competes

I'm a retired lawyer. Our firm has litigated many non-competes. The enforceability and strategy around responding to an employer request is situational (there's a reason good lawyers say "it depends"). Respectfully, if you want a reliable answer consult legal counsel. Lawyer or non-lawyer on the boa...
by J295
Sun Apr 07, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Huge AirBNB Cancellation Charge
Replies: 123
Views: 7159

Re: Huge AIrBNB Cancellation Charge

Just as a reference point. We and family members have stayed at Airbnb and VRBO in the United States and in other countries. We have only had one host cancel on us. That was in Spain the day we were leaving the United States, and Airbnb was extremely prompt in providing us with other accommodations ...
by J295
Tue Apr 02, 2019 10:44 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16423

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

1. I find the headline of this post unhelpful and not evidence based. The study began in 1992 and tracked respondents in the 51–54 age group through at least age 65. The reporting was, at least as I read the study, based on experiences after age 50, not during a persons 50s per se. 2. There are vari...
by J295
Mon Apr 01, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7897

Re: The real impact of inflation on Retired Folks?

Inflation generally not relevant for us specifically as retirees. That’s just our situation
by J295
Mon Apr 01, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Valuing retirement years
Replies: 35
Views: 3505

Re: Valuing retirement years

Wife’s comments make sense, as do many of the posts on this thread.

Retired at 53 and grateful.
by J295
Mon Apr 01, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Received offer on house with contingency for prior sale
Replies: 18
Views: 1525

Re: Received offer on house with contingency for prior sale

Depends on exact facts … For example… if your house has been on the market for a year with no offers, I would give serious consideration to a contingency offer if I thought the contingency could be satisfied… On the other hand, if you just put it on the market and it is a desirable property I probab...
by J295
Sat Mar 30, 2019 2:47 pm
Forum: Personal Investments
Topic: Age in Bonds?
Replies: 38
Views: 3788

Re: Age in Bonds?

Depends.
110- age in stocks works for us as retirees.

Perhaps some bond naysayers are much younger or didn’t have material assets in 2001-01, 2007- 03/2009, or .....
by J295
Fri Mar 29, 2019 9:35 pm
Forum: Personal Investments
Topic: Experience with Edward Jones?
Replies: 76
Views: 6928

Re: Experience with Edward Jones?

My understanding is you can roll over your 529 once every 12 months with no adverse tax consequences if you make a timely transfer (check the rules/time frame —- I believe it is 60 days). The broker apparently told you that he didn’t want to service your remaining account at EJ and although you don’...
by J295
Fri Mar 29, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k employee considerations
Replies: 8
Views: 364

Re: Solo 401k employee considerations

So you provide them 1099s and not W-2s?
by J295
Fri Mar 29, 2019 8:49 am
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 2707

Re: Why would one NOT do Roth Conversions?

Why we don’t do a Roth conversion? It would take us over the ACA Cliff. Currently that saves us $24,000 per year.
by J295
Fri Mar 29, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Wrong trust name on tax return
Replies: 4
Views: 316

Re: Wrong trust name on tax return

Presumably you have the tax identification number correct. That being the case, I would not amend
by J295
Wed Mar 27, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Bogleheads, do you have (unwise financially) friends? And how do you deal with them?
Replies: 76
Views: 3848

Re: Bogleheads, do you have (unwise financially) friends? And how do you deal with them?

I generally choose not to hang out with complainers. I readily help those who seek my assistance but I don’t invest effort with those who demonstrate they don’t value my advice or won’t put in the time and effort to make a change. This applies across the board and not just to investments. Significan...
by J295
Wed Mar 27, 2019 6:12 am
Forum: Personal Investments
Topic: Should We Sell Short Term Bonds to Pay Off Mortgage?
Replies: 179
Views: 5179

Re: Should We Sell Short Term Bonds to Pay Off Mortgage?

OP. Taking a look at your screen name… Congrats on transitioning to another phase of your adventure. While I don’t have the skill set to get granular with the detailed analysis you are undertaking, we have been satisfied with using the KISS principle when it comes to debt, including home debt… we av...
by J295
Wed Mar 27, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Occupation on tax return
Replies: 25
Views: 3019

Re: Occupation on tax return

Retired is fine
by J295
Wed Mar 27, 2019 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Need buying rental property from family advice
Replies: 16
Views: 961

Re: Need buying rental property from family advice

Better get some solid advice on that “gift, “which in substance appears to be payment for an asset. If recharacterized, it would be reportable income to the recipient. Remember on the flipside though, if this is not a gift but included in your tax basis then depreciation will be available to you on ...
by J295
Tue Mar 26, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Increase homeowners insurance deductible?
Replies: 22
Views: 1360

Re: Increase homeowners insurance deductible?

We got a quote on increasing our deductible and the savings were material enough that we did in fact increase the deductible.
by J295
Mon Mar 25, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 5133

Re: Help with law school decision

In my experience (retired partner from mid-sized middle america firm with two in-laws practicing at Big Law) ...... If she's top of her class with superior undergraduate grades and superior LSAT scores she will have opportunities at many law firms. If that's not the case then with the schools on her...
by J295
Mon Mar 25, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring land from parent to child
Replies: 14
Views: 1098

Re: Transferring land from parent to child

On the federal gift tax return issue, it could be a joint gift from mom and dad to you and your wife. Thus, the exclusion is $15,000 times four equals $60,000. Document this as a joint gift to you and your spouse from both of your parents and no federal gift tax return is necessary. I would do the t...
by J295
Mon Mar 25, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance of Trad IRA
Replies: 40
Views: 1876

Re: Inheritance of Trad IRA

Need more information to fully advise you, but I would typically expect a rollover of a $100,000 IRA into an inherited IRA.
by J295
Mon Mar 25, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring land from parent to child
Replies: 14
Views: 1098

Re: Transferring land from parent to child

May or may not be a gift tax return required. What is the value of the land?
by J295
Mon Mar 25, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 70
Views: 8272

Re: [Retiring before 65: How do you deal with health insurance?]

Affordable care act bronze plan for early retirees husband and wife

Last year the net out-of-pocket premium for a $24,000 annual premium policy was $0 due to premium tax credit. Keep modified adjusted income below approximately $65,000
by J295
Mon Mar 25, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best gas credit cards hands down?
Replies: 65
Views: 3194

Re: What is the best gas credit cards hands down?

Sam’s Club MasterCard. No annual fee.

5% on gas purchases anywhere.
by J295
Mon Mar 25, 2019 7:05 am
Forum: Investing - Theory, News & General
Topic: Move beyond stocks after couple mil ?
Replies: 44
Views: 5969

Re: Move beyond stocks after couple mil ?

If those types of things interest you, then consider them. If not, decline them. That’s what we chose to do, which resulted in sticking with principally publicly traded assets. We have enjoyed spending our time on other activities, principally family oriented, rather than investments that require ti...
by J295
Sun Mar 24, 2019 8:41 pm
Forum: Investing - Theory, News & General
Topic: Any believers in the dollar milkshake theory?
Replies: 44
Views: 6076

Re: Any believers in the dollar milkshake theory?

Respectfully, his forecast and other forecasts on the relative strength of the dollar in the future is irrelevant to my investment and other decisions.
by J295
Sun Mar 24, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Sell our condo or rent it out?
Replies: 17
Views: 1306

Re: Sell our condo or rent it out?

Remember to factor in depreciation, a valuable tax benefit should you decide to rent
by J295
Sun Mar 24, 2019 7:15 pm
Forum: Personal Investments
Topic: What would be your perfect personal bond allocation
Replies: 15
Views: 1098

Re: What would be your perfect personal bond allocation

BND, TIPS, Floating Rate Fund, MM Fund, 5 year CD Ladder, I Bonds
by J295
Sun Mar 24, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How to juggle Roth conversions with staying under ACA cliff?
Replies: 22
Views: 1444

Re: How to juggle Roth conversions with staying under ACA cliff?

Roth conversions are nice… But not the Holy Grail for everyone. In the case of our early retirement, we find more financial value in the $0 net premium for ACA coverage than we do getting Roth conversions that would push us over the ACA Cliff. Our premium tax credit is $24,000 for our ACA family of ...
by J295
Sat Mar 23, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: [Golf club] Driver for 18 handicap young senior.
Replies: 24
Views: 769

Re: [Golf club] Driver for 18 handicap young senior.

I'm a 59 year old 6 handicap that plays with 59-74 year olds ranging from plus handicaps up to 18 (and the 74 year old will score at or below his age once or twice this season). I think so much on this decision depends on OP's objectives. Does he want to improve his game and work at it, or is he hav...
by J295
Sat Mar 23, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Waiting 1 month before buying anything about $25
Replies: 16
Views: 1929

Re: Waiting 1 month before buying anything about $25

Very interesting and appreciate you sharing this.
by J295
Sat Mar 23, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Is it time to sell your stocks to reset your basis?
Replies: 25
Views: 1597

Re: Is it time to sell your stocks to reset your basis?

Not interested in guessing future tax rates and losing the time value of the current federal and state taxes on our gains. Selling now to reset a higher basis also decreases the step up basis advantage upon death. YMMV.
by J295
Fri Mar 22, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: MM Rates [Money Market]
Replies: 21
Views: 3126

Re: MM Rates

My suggestion is to keep it simple. Find one place and stay there. Modest differences over the years and these rates really don’t move the needle in any material way
by J295
Fri Mar 22, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Selling land - best approach?
Replies: 15
Views: 1295

Re: Selling land - best approach?

Broker
by J295
Fri Mar 22, 2019 6:45 pm
Forum: Personal Investments
Topic: Good question about selling losers and keeping winners
Replies: 10
Views: 883

Re: Good question about selling losers and keeping winners

Not in favor of market timing with this or similar type "models."
by J295
Fri Mar 22, 2019 6:44 pm
Forum: Personal Investments
Topic: Get Longer Term CDs now?
Replies: 16
Views: 1731

Re: Get Longer Term CDs now?

Not in favor of market timing.
Our CD portion of our AA are in a 5 year ladder.