Search found 1279 matches

by J295
Thu Jan 18, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Just how out of touch are us Bogleheads with 'normal' people.
Replies: 28
Views: 997

Re: Just how out of touch are us Bogleheads with 'normal' people.

I can only speculate on the BH group, and I choose not to do so. A couple of observations from personal experiences with persons of wealth and others living in poverty .... It is very rough "out there" for many, and most of my financially secure friends have no realistic sense as to how most of the ...
by J295
Thu Jan 18, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Versus Stocks
Replies: 36
Views: 1483

Re: Real Estate Versus Stocks

It has been only "stocks and bonds" for us, which worked for retirement at 53 because slow and steady returns and a good income from vocation. We were busy with raising a family and working my profession, and didn't want the "hassles" of real estate. That being said, nothing wrong at all with real e...
by J295
Thu Jan 18, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Amazing how much your IPS can de-stress your life
Replies: 22
Views: 2203

Re: Amazing how much your IPS can de-stress your life

We have had an IPS for quite some time, and yes it is a nice foundation to work from. I will note, however, that the biggest de-stressor for me is a long-term rising equity market. We have been investors since 1979, and thus have experienced many turbulent times since then, some of which were rapid ...
by J295
Wed Jan 17, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: 1 year CD at 2.10
Replies: 4
Views: 815

Re: 1 year CD at 2.10

Remember also that some banks will negotiate. My parents sold some real estate and decided to put the money into CDs. They went down to their local banker and ask for a better rate and she increased the CD rate for them.
by J295
Wed Jan 17, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a change in asset allocation; tell me if I'm approaching this the right way
Replies: 10
Views: 740

Re: Considering a change in asset allocation; tell me if I'm approaching this the right way

Your change seems reasonable. As a point of reference, our international is typically half of our US (so 2:1 ratio within the equity allocation). Side note on international, we stuck with our allocations, it wasn't too many years ago when international lagged US and the dollar was strong and the "ex...
by J295
Wed Jan 17, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Floating Rate Income Funds
Replies: 6
Views: 361

Re: Floating Rate Income Funds

Have owned Fido's floating rate fund for years. It's part of our broader non-equity allocation, which also includes CDs, total bond fund, ibonds, TIPS, savings account, short term bond fund.
by J295
Wed Jan 17, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Owning house in a trust?
Replies: 17
Views: 1684

Re: Owning house in a trust?

In our state revocable trust for home is principally to avoid probate. Sometimes the Trustee is a third party rather than the beneficiary in those rare instances where someone wants to keep their beneficial ownership out of the public record (in our community, the sports celebrities sometimes do thi...
by J295
Wed Jan 17, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Newbie wanting to INVEST!
Replies: 22
Views: 1302

Re: Newbie wanting to INVEST!

Welcome to the Forum! I'd like to get in to help my money work for me - but I don't want to see my hard earned savings wiped out by a market crash. First, be aware that equity investments carry risk. I know you know that intellectually, but it's quite another thing to look at a computer screen and s...
by J295
Wed Jan 17, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to try to time the I-Bond market?
Replies: 12
Views: 973

Re: Is it reasonable to try to time the I-Bond market?

Personally, we don't time things like this. The amounts at issue are modest in the scheme of our overall portfolio, and for us it is better to act and be done with it. I'd view it the same even if the amounts were not personally "modest." I believe the current 6 month interest rate is 2.58%. If one ...
by J295
Tue Jan 16, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4423

Re: Merrill Edge best choice for higher net worth accounts?

Don’t know anything about ME

Will report that we have accounts at Vanguard and Fidelity, and find the Fidelity website and service to be excellent.
by J295
Tue Jan 16, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 158
Views: 15527

Re: Anyone disenchanted with retirement?

“Retired” 5 years .... thought this must be a trick question. Haha
by J295
Tue Jan 16, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Selling one owner car. Give new owner service records?
Replies: 15
Views: 1159

Re: Selling one owner car. Give new owner service records?

Yes. Really helps with sale and very beneficial to new owner.
by J295
Sun Jan 14, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 1582

Re: mlp's Master Limited Partnerships

We own EPD and K-1 has been a non-issue on turbo tax (we have Self-Employed version) and wasn't any extra work when we used an accountant.
by J295
Sun Jan 14, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Renting in NYC for a new college grad. Best practices?
Replies: 23
Views: 1866

Re: Renting in NYC for a new college grad. Best practices?

Assuming you need a guaranty, which a parent will provide .... You should get renter's insurance. You may not be concerned about the loss of your "stuff" in the event of a fire, but way you accidentally leave on the coffee machine and the building burns down .... expect the landlord's insurance comp...
by J295
Sat Jan 13, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Pre-approval
Replies: 6
Views: 239

Re: Real Estate Pre-approval

As an alternative, your son could just make an offer that is not subject to financing. Legally then, he will be required to close regardless of the availability of financing, but that doesn’t seem to be an issue as far as you and he are concerned. As an FYI, Sellers tend to like all cash offers
by J295
Fri Jan 12, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 1582

Re: mlp's Master Limited Partnerships

Have owned a modest amount for years. Best to own these in taxable accounts.
by J295
Fri Jan 12, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 31
Views: 3076

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

While I admire the enthusiasm of OP, unless FIL has specifically asked for this conversation and assistance, I think OP should stand down. FIL’s seven figure portfolio is his business
by J295
Fri Jan 12, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Someone spoofing my phone number?
Replies: 65
Views: 5039

Re: Someone spoofing my phone number?

I get these occasionally. I don’t answer. If they don’t leave a message, that I go into recent calls and block that number. If you’re worried personally or professionally about missing a call, then answer it, and if you’re not interested then after you hang up block the caller.
by J295
Fri Jan 12, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: Profiles Of Some Successful Investors
Replies: 26
Views: 3530

Re: Profiles Of Some Successful Investors

MSK .... good observations. We took the slow and steady route and retired at 53. Started kids on same path in junior high. It fit us well personality wise and with one breadwinner, stay at home parent, and three children. With kids now older and established, we have suggested their allocation includ...
by J295
Fri Jan 12, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 969

Re: How often should my AA adjust?

Annual seems reasonable and that’s what we do with our age based formula AA.
by J295
Thu Jan 11, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4642

Re: why do banks bother offering lousy CD rates?

At various times banks don’t want additional deposits
by J295
Thu Jan 11, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4404

Re: Help me stop my addiction to stock market peeping!

If you seriously want to change this get the book Power of Habit and change your habit. Words of wisdom alone won't do it.
by J295
Wed Jan 10, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can't move online $$ from Trust to JTROS at VG
Replies: 13
Views: 504

Re: Can't move online $$ from Trust to JTROS at VG

Interesting, and yes not convenient for the OP. A possible workaround is to make each of the trust accounts individual accounts, and set the POD to each respective trusts. An extra hassle to put in place now, but seems like it might be a solution. We have accounts at both Fidelity and Vanguard, and ...
by J295
Wed Jan 10, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Executive Assistant
Replies: 8
Views: 853

Re: Executive Assistant

Don't know about the position/stepping stone, but will share this .... A. I had a male legal assistant, the only one in the office, and he was awesome and had he wanted to advance his career in any way I would have helped. I didn't find it odd at all to have him be the only male. As it turned out, a...
by J295
Tue Jan 09, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: retiree health ins - how to propose to Employer?
Replies: 39
Views: 1717

Re: retiree health ins - how to propose to Employer?

Would your wife qualify for premium tax credits under ACA?
by J295
Mon Jan 08, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 9900

Re: Trusts for adults Children

Have not read the other posts but will weigh in on your questions .... Depending on child, it is fairly common in my experience to have them receive principal outright in 1/3 increments at ages 25, 30, and 35. In the meantime the funds can be accessed as needed for health, education, maintenance and...
by J295
Mon Jan 08, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA money or pay out of pocket?
Replies: 36
Views: 2843

Re: Use HSA money or pay out of pocket?

We pay out of pocket and have a spreadsheet with expenses and a large envelop with documentation stuffed inside. Nothing fancy and easy for us to administer (and I suspect the risks of audit/hassles on an HSA are quite small). Will use funds later on if/when necessary. We us HSA bank and are investe...
by J295
Mon Jan 08, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6651

Re: Life at a crossroad: seeking advice

If it were my spouse and I we would pursue Option 1 (in fact we went from two earners to one early on in our career, raised three kids and they all graduated college with no debt, and I retired at 53 -- and then my spouse decided to start a new paying vocation even though we didn't need the $$$). To...
by J295
Mon Jan 08, 2018 9:01 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8443

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

While I can appreciate and support the excitement of these posters, I discount their value as motivators. Other than giving context to a specific financial question, someone sharing their milestone or year to date returns is outside my zone of good etiquette. I would eliminate them. As a sidenote, f...
by J295
Mon Jan 08, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Math - What I am not thinking of?
Replies: 26
Views: 4083

Re: Early Retirement Math - What I am not thinking of?

Your plan seems reasonable. You have a strong mind and a strong back, and with adaptability if things don’t go quite according to plan you will find a way to manage. Good for you! Life has so much to offer, and i’m guessing you are the kind of person that has much to offer to life and you will have ...
by J295
Sun Jan 07, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17622

Re: Memo to those who have won the game: it's time to quit playing

Age 58 and retired.
Continue following IPS which is 110 minus age in equities
So 52 % equities

Cushion includes spouse working part time, home, no debt.
by J295
Sun Jan 07, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 1599

Re: What to do with RMD money

What are the investments in her retirement account from which she takes the RMD?
by J295
Fri Jan 05, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 219
Views: 23245

Re: Hitting The Sell Button

Retired. Age 58. Roughly 50/50. Rebalance band hit at the end of this year. Otherwise just check accounts quarterly.
by J295
Fri Jan 05, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Re-balance to bond and/or cash?
Replies: 14
Views: 900

Re: Re-balance to bond and/or cash?

Good question. A couple of thoughts. First, for the amount at issue relative you to your portfolio size, and the anticipated returns of any choice, I wouldn’t lose much sleep over this decision. Second, this doesn’t have to be all or none. In our case, our non-equity investments include BND, tips, I...
by J295
Fri Jan 05, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 3973

Re: Downsizing to one car in retirement...

I'm retired and my wife sells real estate part-time. We are each 58 years old. When one of our older cars went down a few years ago I sold it to our mechanic and we now just drive one vehicle (2016 Lexus SUV). We like the large vehicle for long distance travel, grandchild, carting around elderly par...
by J295
Thu Jan 04, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Legal services via employment
Replies: 13
Views: 918

Re: Legal services via employment

All lawyers are not created equal. We’ve been married 35 years and don’t have a prenup, but if I were going to put one in place I’d hire a lawyer of my own choosing not someone who is affiliated with an employer plan. Personally, in that situation I wouldn’t concern myself with the cost
by J295
Sun Dec 31, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to give a seminar about student loans and paying for college
Replies: 14
Views: 976

Re: Asked to give a seminar about student loans and paying for college

If this seminar request had been presented to you, how would you handle it? If I were burned out after 20 years I'd pass. Otherwise, despite any "misgivings," I'd develop and share my insights in an effort to provide assistance. That's how "elders" and communities work. Whatever is shared may or ma...
by J295
Fri Dec 29, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 2458

Re: Turbotax Online vs. Download

SLS ....Thanks for sharing
by J295
Fri Dec 29, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 2458

Re: Turbotax Online vs. Download

Hi smalllawsurvivor. I’ve always enjoyed your posts, and pay particular attention because I also am a retired small law survivor ( 25 person firm, transitioned five years ago at age 53). Just wanted to wish you happy new year, and take a chance to good naturedly rib you just a tiny bit… You retired ...
by J295
Fri Dec 29, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Opting for HDPD over other plan just for HSA?
Replies: 6
Views: 463

Re: Opting for HDPD over other plan just for HSA?

Parents policy is my recommendation. Sidenote – – great for you taking a look at financial things at your age. Best of luck
by J295
Thu Dec 28, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I carry home owners insurance?
Replies: 36
Views: 2393

Re: Should I carry home owners insurance?

Get a quote for a policy with a $2500 deductible.
by J295
Thu Dec 28, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Increasing 2017 charitable donations d/t 2018 tax bill?
Replies: 24
Views: 1377

Re: Increasing 2017 charitable donations d/t 2018 tax bill?

Sorry I don’t know the answer on your recent inquiry .... I was recalling that before I retired and income was higher our accountant was not able to use all of our charitable contributions so I thought I would alert you to that possibility.
by J295
Thu Dec 28, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Increasing 2017 charitable donations d/t 2018 tax bill?
Replies: 24
Views: 1377

Re: Increasing 2017 charitable donations d/t 2018 tax bill?

Remember to look at AMT and your tax return generally for 2017 to be certain that bunching the charitable contributions will provide the deduction you anticipate

We have always liked the Fidelity DAF. No concerns with the fees they charge – – they are providing service and should be paid for it
by J295
Thu Dec 28, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: is using HSA as investment vehicle worth the trouble?
Replies: 50
Views: 4227

Re: is using HSA as investment vehicle worth the trouble?

Definitely worth it for us. We just enter the information on a spreadsheet as we periodically incur expenses, and put the documentation in a large folder. It takes no time at all doing it periodically. I’m guessing the chance of an audit on this type of situation are quite low. I’m comfortable with ...
by J295
Tue Dec 26, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have trouble standing firm on your asset allocation?
Replies: 45
Views: 3717

Re: Do you have trouble standing firm on your asset allocation?

Retired early
Age based allocation so annual adjustments
No tinkering
by J295
Tue Dec 26, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: MLP questions
Replies: 6
Views: 694

Re: MLP questions

We have owned very modest positions in MLPs for many years. Bought them pre indexing simply because a client of mine recommended them due to the yield and favorable tax treatment. Have to admit there is nothing more sophisticated in my analysis than that, although my client was self made with hundre...
by J295
Mon Dec 25, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for a Trust with tight requirements
Replies: 15
Views: 977

Re: Portfolio for a Trust with tight requirements

While I understand I am not answering your question .... you might consider that generally speaking this situation seems like one with heightened risk for disputes and family disharmony (I'm a retired lawyer from a firm that had one lawyer who specialized in family/estate disputes, and sadly there w...
by J295
Mon Dec 25, 2017 11:40 pm
Forum: Investing - Theory, News & General
Topic: What is or was your target multiplier (_ x annual expenses) for retirement?
Replies: 41
Views: 5125

Re: What is or was your target multiplier (_ x annual expenses) for retirement?

#1: What is (or was for those already retired) your expected multiplier, in regards to annual expenses, for retirement? (assume no pension) #2: For those already retired...have you found that your multiplier was sufficient? #3: What length of retirement are or were you planning for with your multip...
by J295
Thu Dec 21, 2017 10:20 pm
Forum: Investing - Theory, News & General
Topic: Will you take this Fidelity bait ?
Replies: 126
Views: 13225

Re: Will you take this Fidelity bait ?

We have accounts at both VG and Fido and find Fido customer service significantly better. Having said that, if you prefer VG stay there .... I wouldn't move $5 million to obtain $5k (taxable).
by J295
Wed Dec 20, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Bonus: Etiquette
Replies: 32
Views: 4624

Re: Christmas Bonus: Etiquette

Send thank you notes.