Search found 2130 matches

by J295
Sun Nov 17, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Lack of motivation to “exceed” goals.
Replies: 16
Views: 1234

Re: Lack of motivation to “exceed” goals.

If this were me… and it has been at different times… I would be asking slightly different questions… Like… 1. Why am I not motivated for X? 2. Would I be true to myself and demonstrate virtue if I overcame this lack of motivation and did X, or does greater truth and virtue exist if I change my relat...
by J295
Sat Nov 16, 2019 6:53 pm
Forum: Personal Investments
Topic: How to sell my Aunts shopping plaza?
Replies: 24
Views: 2521

Re: How to sell my Aunts shopping plaza?

Looking for referrals… Typically a local accountant or lawyer or banker will have recommendations.
by J295
Sat Nov 16, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Assumptions
Replies: 3
Views: 520

Re: ACA Assumptions

My understandings are the same as yours.
by J295
Sat Nov 16, 2019 12:48 pm
Forum: Personal Investments
Topic: How to sell my Aunts shopping plaza?
Replies: 24
Views: 2521

Re: How to sell my Aunts shopping plaza?

Hire a competent broker
by J295
Sat Nov 16, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: A sad tale with a good ending ["Preferred" pharmacies vs "non-preferred"]
Replies: 17
Views: 1803

Re: A sad tale with a good ending

Thank you for the information. It’s a challenging area for a consumer to navigate.
by J295
Sat Nov 16, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: Rebalancing into bond funds with record low interest rates
Replies: 36
Views: 2846

Re: Rebalancing into bond funds with record low interest rates

Typically, the purpose of an IPS and an AA with rebalancing is to minimize the existence and/or the effects of fear and greed.

I suggest you either rebalance, or scrap your AA and time to market as you deem appropriate.
by J295
Fri Nov 15, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: High Income to Low Income - Tax implications?
Replies: 4
Views: 645

Re: High Income to Low Income - Tax implications?

No specific advice here since you won’t qualify for premium tax credits under the affordable care act, but I can tell you from experience that making your quarterly estimates and completing your tax returns will be so much more fun now.
by J295
Fri Nov 15, 2019 10:11 pm
Forum: Personal Investments
Topic: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?
Replies: 25
Views: 2667

Re: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?

FI at roughly 30 times expenses. No debt.

Did not factor in value of home, future Social Security, or likely inheritance. Considered those as safety nets when using 30 X

Went part time at 53, very part time at 55, and fully retired at 58
by J295
Fri Nov 15, 2019 10:04 pm
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 5967

Re: Preparing for a down market

Our allocation, including cash, was dependent upon our life situation. It is materially different in retirement than it was when I was working full-time.

Wish I could be of more help, but like most things I supposed to real answer is, for you, “it depends.”
by J295
Fri Nov 15, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: How to hold title to rental properties
Replies: 15
Views: 1246

Re: How to hold title to rental properties

Hypothetical: Would the OP - assuming no mortgages- be able to skip some closing costs if s/he could just sell the LLC and all properties inside it to a cash buyer rather than doing an actual real estate transaction with all the associated fees, taxes, etc? Or more directly, is there a way to put R...
by J295
Thu Nov 14, 2019 10:27 pm
Forum: Personal Investments
Topic: Asset protection
Replies: 8
Views: 666

Re: Asset protection

401k — totally protected from creditors under state and federal law

Strong insurance plan, including umbrella (and in my case as a retired professional there is tail insurance)

Most non-retirement assets owned individually by each spouse

If investment real estate were owned, it would be in an LLC
by J295
Wed Nov 13, 2019 9:32 pm
Forum: Investing - Theory, News & General
Topic: How to hold title to rental properties
Replies: 15
Views: 1246

Re: How to hold title to rental properties

I would put both properties in an LLC to gain the added liability protection. It’s not the mortgage liability that is the issue here, it’s a potential liability claim that exceeds insurance, including the umbrella. Yes, statistically it’s reasonable to guess that the risk of such a liability claim i...
by J295
Tue Nov 12, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Looking at buying a foreclosure Dallas area cash
Replies: 21
Views: 1641

Re: Looking at buying a foreclosure Dallas area cash

I have experience in this area. The worst case is much worse than just a new roof. There could be issues with not only the property itself, but legal issues surrounding title. Get competent legal counsel and visit with others locally who have gone down this route.
by J295
Tue Nov 12, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Attorney Career Advice needed
Replies: 11
Views: 1331

Re: Attorney Career Advice needed

So you can have a filter for my response… I am a former law firm partner in a small mid America firm who retired early, and we have a family member from a top law school who is a Big Law associate. I am aware of many former private practice lawyers who have transitioned to other legal and non-legal ...
by J295
Tue Nov 12, 2019 1:26 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 158
Views: 10028

Re: Investing $140k in cash at 1k per week

Wednesdays.
by J295
Mon Nov 11, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6973

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

Personally, we have chosen not to own real estate other than our residence. However, many friends and family members have successfully owned a wide variety of real estate interests (running the full spectrum from those that own rental homes, to one that owns multiple shopping centers and surgical ce...
by J295
Sat Nov 09, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?
Replies: 21
Views: 2786

Re: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?

San Francisco daughter and son-in-law pay $4000 per month for unfurnished one bedroom. Renewal/new rents are now going for around $4500 per month. South of San Francisco son is back on temporary assignment in a furnished unit for a few months, and I believe those two bedroom units rent for around $5...
by J295
Sat Nov 09, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3974

Re: shocking hospital fee estimate

If I’m understanding your post, your total out-of-pocket for everything, will be $3000 maximum. You were thinking it might have been $2000 +10% of the professional bills. You are confident with the surgeon, and presumably he/she is confident with the hospital. That is to say, you have done due dilig...
by J295
Sat Nov 09, 2019 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7559

Re: Do you charge your employer for the time that you spend working on your off days?

There are reasonable strategies for dealing with this, and one would be a direct conversation with your boss to determine expectations.

What is appropriate will of course depend upon your salary and benefits, the work you perform, the company culture, etc.
by J295
Fri Nov 08, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Free Turbotax 2019
Replies: 19
Views: 2928

Re: Fidelity Free Turbotax 2019

We were reimbursed for it the last few years (I would buy it online and then ask our designated representative, who I’ve never met, but appears on my online screen as a point of contact, for reimbursement). We were informed that it would be the last time we would receive it. That’s OK, but I did lik...
by J295
Wed Nov 06, 2019 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Title Insurance/Legal Representation for Mortgage Refinance
Replies: 6
Views: 462

Re: Title Insurance/Legal Representation for Mortgage Refinance

Retired lawyer here .... in our jurisdiction I never heard of or experienced any lawyers being involved in a straight forward residential refinance. Part of my practice involved representing banks.
by J295
Thu Oct 31, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12508

Re: Possible Layoff: Need Assurance That We Will Be Okay

Respectfully, OP you may wish to consider whether this may not a strictly financial issue. It is possible that financial angst/job loss may be the symptom, with something entirely different being the cause. Taking care of a symptom typically provides relief, while fixing a cause typically provides l...
by J295
Wed Oct 30, 2019 5:21 pm
Forum: Personal Consumer Issues
Topic: Unnecessary blood tests
Replies: 51
Views: 3032

Re: Unnecessary blood tests

Change doctors.
by J295
Wed Oct 30, 2019 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10600

Re: Apple Pay. Does anyone use it?

Apple Pay is primary payment method. Tied to rewards card.
by J295
Tue Oct 29, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bronze vs Bronze HSA
Replies: 18
Views: 1325

Re: Bronze vs Bronze HSA

Thanks for the follow up. Best of luck.
by J295
Tue Oct 29, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bronze vs Bronze HSA
Replies: 18
Views: 1325

Re: Bronze vs Bronze HSA

OP. If you’re willing to share… What is the annual premium without premium tax credit? And, are you funding solo 401(k)s (which, like an HSA, reduce modified adjusted gross income). I might be projecting here because our premium tax credit of $24,000 for a couple is so valuable, but I’m just curious...
by J295
Tue Oct 29, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is going off of subsidized COBRA a qualifying event?
Replies: 8
Views: 580

Re: Is going off of subsidized COBRA a qualifying event?

I don’t believe you will be eligible for a premium tax credit if you can get coverage through your spouses employer. You will want to check this if you were thinking that you may get a premium tax credit for an exchange policy. Perhaps you already have this determined as I know it wasn’t your origi...
by J295
Tue Oct 29, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Managing income pre-retirement to min health care costs
Replies: 19
Views: 1552

Re: Managing income pre-retirement to min health care costs

A few observations for your consideration Your numbers seem reasonable. If you’re not already aware of it, there’s a Calculator at Kaiser that is quite good. Google Kaiser calculator and you can find it. Also the government website provides calculations at plan sign-up In our state we have to meet a...
by J295
Tue Oct 29, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4379

Re: Women wearing black to a wedding?

I have a close family member getting married. I know traditionally, women didn't wear black to a wedding. I also know people here are going to say, "If you want to wear black, wear black." However, what I want to know is if in fact it isn't uncommon for women to wear black to a wedding. I don't wan...
by J295
Tue Oct 29, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is going off of subsidized COBRA a qualifying event?
Replies: 8
Views: 580

Re: Is going off of subsidized COBRA a qualifying event?

I don’t believe you will be eligible for a premium tax credit if you can get coverage through your spouses employer. You will want to check this if you were thinking that you may get a premium tax credit for an exchange policy. Perhaps you already have this determined as I know it wasn’t your origin...
by J295
Mon Oct 28, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bronze vs Bronze HSA
Replies: 18
Views: 1325

Re: Bronze vs Bronze HSA

do any planning to stay below the cliff and enjoy the substantial premium tax credits. Can you talk more about this? Will be glad to help as best I can. FYI we have utilized the premium tax credit under the affordable care act by managing modified adjusted gross income since the exchange was put in...
by J295
Mon Oct 28, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bronze vs Bronze HSA
Replies: 18
Views: 1325

Re: Bronze vs Bronze HSA

HSA contribution reduces MAGI.

Also, solo 401(k) contributions reduce MAGI.

Capital losses reduce MAGI

Etc

Thus, if OP is interested, I’m curious on whether he/she can do any planning to stay below the cliff and enjoy the substantial premium tax credits.
by J295
Mon Oct 28, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Bronze vs Bronze HSA
Replies: 18
Views: 1325

Re: Bronze vs Bronze HSA

We favor the HSA plan

I’m curious, what is the MAGI cliff for your family of four, and how close is your MAGI to that cliff?
by J295
Mon Oct 28, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8820

Re: How much do you plan to spend on your children's weddings?

Happily spent around $25,000 for each of our weddings for our daughters. Grooms parents contributed modest amounts, which was fine because they each had unique circumstances which limited their ability to contribute resources. If resources had been an issue for us, we would have considered approachi...
by J295
Sun Oct 27, 2019 7:13 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas for February
Replies: 48
Views: 3941

Re: Vacation ideas for February

Singapore
Maui
by J295
Sun Oct 27, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15137

Re: I no longer plan on retiring early

OP. Thanks for sharing and good luck with your adventures
by J295
Fri Oct 25, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: ACA - Sell Dividend stocks and pay capital gains?
Replies: 11
Views: 901

Re: ACA - Sell Dividend stocks and pay capital gains?

Ok. Thanks. The way you presented it seems you are correct. Although I will admit I’m still confused by your numbers. Not sure how one sells stock in taxable and then moves them into nontaxable, unless you are simply talking about reallocating I’m wondering why you need to sell so much stock this ye...
by J295
Fri Oct 25, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: ACA - Sell Dividend stocks and pay capital gains?
Replies: 11
Views: 901

Re: ACA - Sell Dividend stocks and pay capital gains?

This may not be an either/or choice. You may wish to provide actual numbers and we can offer opinions and options. Please include your MAGI calculations For example, have you factored in the reduction in MAGI provided by an HSA? Personally, my spouse and I have been on the ACA bronze plan since it’s...
by J295
Wed Oct 23, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: should my son negotiate paralegal offer?
Replies: 28
Views: 2291

Re: should my son negotiate paralegal offer?

In our firm of 25 lawyers in middle America we did not negotiate paralegal or any other salaries for that matter. We paid at the top of the pay scale for our community and treated our people well. Non-negotiable
by J295
Sun Oct 20, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What documents do I need to prove I own my house?
Replies: 18
Views: 2967

Re: What documents do I need to prove I own my house?

ame » Sat Oct 19, 2019 2:08 pm Hi All, I paid off my mortgage on 9/13/19. I received signed/notarized “SUBSTITUTION OF TRUSTEE” and “FULL RECONVEYANCE” forms. The property is in LA county in California. What are the “SUBSTITUTION OF TRUSTEE” and “FULL RECONVEYANCE” forms? Are these documents the “d...
by J295
Sun Oct 20, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 4166

Re: Deed fraud (on your home)- anyone have insight?

It’s not a problem in our jurisdiction. Generally speaking, if someone forged my name on my deed and it names Mr. Smith as grantee then Mr. Smith has absolutely nothing. If Mr. Smith then gets a loan from the bank purported to be secured by my property the bank has absolutely no interest in my prope...
by J295
Sun Oct 20, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10186

Re: For those who are FI: At what point did you begin to relax?

Totally relaxed about money (but not relaxed at that time about work) a year before I transitioned out of full-time work. I was 52 at the time. Regarding acronyms… they are fine… Honestly it wasn’t rocket science to figure out this one… If it really rankles you when you see an acronym just move along
by J295
Tue Oct 15, 2019 7:12 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2005

Re: Where to stay in Maui?

We like Kihei. Just got back a few weeks ago. Having said that, there are many good options on Maui. We rented an AirBnb for our group of 7 adults and one toddler. Four bedrooms, pool, game room, etc. As a point of reference, around $5,200 for 6 nights including all cleaning, fees, etc.
by J295
Mon Oct 14, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Selling used car experience (dealer vs online vs in person)
Replies: 28
Views: 2827

Re: Selling used car experience (dealer vs online vs in person)

Selling used car experience (dealer vs online vs in person) Unread post by 4nursebee » Mon Oct 14, 2019 3:34 am We are a family of two adult drivers. We have a used beater 2005 F150, low miles, plan to keep forever to haul trash once a week. We also bought one of those cars that is very polarizing ...
by J295
Mon Oct 14, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sign authorization to settle lawsuit prior to mediation/trial
Replies: 21
Views: 2607

Re: Should I sign authorization to settle lawsuit prior to mediation/trial

I have been involved in mediation as a participant and as a mediator in business cases. I don't have personal injury experience. That said, at least in our jurisdiction I don't know of any legal requirement that this would need to be signed in advance. The advise to ask your lawyer seems quite reaso...
by J295
Mon Oct 14, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6225

Re: Frustrated with dentist fees

Frustrated with dentist fees Post by Jimsad » Mon Oct 14, 2019 2:44 pm I posted in past on similar topic but still cannot understand and am frustrated . I have very good insurance - United Concordia through blue cross federal . My dentist submitted charges to my insurance and the insurance denied p...
by J295
Sat Oct 12, 2019 1:41 pm
Forum: Investing - Theory, News & General
Topic: Prominent financial adviser fined $1M
Replies: 24
Views: 4213

Re: Prominent financial adviser fined $1M

What makes you conclude he was “unscrupulous.“

Negligent —- appears quite likely. In violation of industry rules —so ordered. Unscrupulous?
by J295
Thu Oct 10, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statements-Save Paper Ones? Electronic?
Replies: 35
Views: 1912

Re: Credit Card Statements-Save Paper Ones? Electronic?

I have no reasonable reason to get paper statements and no reasonable reason to save electronic statements on my system.