Search found 1123 matches

by J295
Sat Oct 21, 2017 6:28 pm
Forum: Personal Consumer Issues
Topic: Seeking Insights for Family Member Providing Daycare
Replies: 10
Views: 852

Re: Seeking Insights for Family Member Providing Daycare

Thanks very much for these insights ... these are very helpful
by J295
Sat Oct 21, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Seeking Insights for Family Member Providing Daycare
Replies: 10
Views: 852

Re: Seeking Insights for Family Member Providing Daycare

To: StaytheCourse. Great idea. Thanks.
by J295
Sat Oct 21, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Funding an IRA for children.
Replies: 17
Views: 746

Re: Funding an IRA for children.

Our kids did when they had summer jobs. They didn't like self reporting the type of income you describe and paying self employment tax, but learned that's the law and the right thing to do. Your kids may have SE income and tax even if they don't meet the income threshold for otherwise filling tax re...
by J295
Sat Oct 21, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Seeking Insights for Family Member Providing Daycare
Replies: 10
Views: 852

Re: Seeking Insights for Family Member Providing Daycare

JBTX. Thanks for posting. Good idea to do some research on best practices now by some "experts". Completely agree with the getting outside and no screen time.
by J295
Sat Oct 21, 2017 6:19 am
Forum: Personal Consumer Issues
Topic: Seeking Insights for Family Member Providing Daycare
Replies: 10
Views: 852

Seeking Insights for Family Member Providing Daycare

Please provide me any insights on how we can best "work" at our new "job." We are 58 and retired. We have an apartment about 1,000 miles from home where we are providing day care for our new grandson. We are about a month into the new "job." Daughter and SIL both work for large companies and are qui...
by J295
Wed Oct 11, 2017 6:59 am
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6273

Re: Buy when there's blood in the streets!

I perceive that as a market timing statement; thus it's not for me. (You might read the OP statement in conjunction with the also well known statement about "catching a falling knife"). Sounds nifty now, but wait until you are in a real life real dollar situation (I've experienced a few) and your po...
by J295
Wed Oct 11, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 1976

Re: Advice on Canceling Fidelity Portfolio Advisory Service

As indicated in prior reply, easy to create 3 fund or slightly modified portfolio at Fido. We've been there 35+ years and find the customer service top rate. If I read your post correctly, you have $80k invested, so while there may be tax implications I wouldn't let the tail wag the dog here .... I'...
by J295
Wed Oct 11, 2017 6:47 am
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club and Other Goals Reached!
Replies: 8
Views: 1758

Re: 2 Comma Club and Other Goals Reached!

Happy for you. Glad you posted so you can share your excitement.
by J295
Tue Oct 10, 2017 9:54 pm
Forum: Personal Consumer Issues
Topic: Garage door opener on last leg
Replies: 32
Views: 2754

Re: Garage door opener on last leg

I bought lift master from local dealer and installed because I thought it would be fun. It was! Probably only saved $100 but head more than $100 of fun!

Nickjoy you are awesome ... Great info!!
by J295
Mon Oct 09, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3772

Re: HSA’s: What level of risk do you prefer?

Our HSA is not used for medical now, but we keep receipts and will take out later (say 10-15 years from now) -- so it can grow tax free and then be withdrawn tax free.

We invest (Wellington) and consider it part of our overall allocation.
by J295
Mon Oct 09, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Please define "cash"
Replies: 31
Views: 1993

Re: Please define "cash"

For us it is Amx Bank (now 1.25%), CDs, iBonds, brokerage misc sweep accounts.
by J295
Mon Oct 09, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7495

Re: Do you want your receipt?

Never. Too many other exciting things to do other than reconcile accounts,
by J295
Sun Oct 08, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2336

Re: What to do with unused paint?

For latex mix in kitty litter. It hardens overnight and then put in trash.
by J295
Thu Oct 05, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 3895

Re: How do you value your time?

I place a ultra high value on my time, but probably not in the sense of the OP question.

I've gladly passed both pre and post retirement on trading my time to obtain more money.
by J295
Thu Oct 05, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4039

Re: Trying to convince my sister not to use a financial advisor

She's 50. You provided your input. Respect her decision.
by J295
Wed Oct 04, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5581

Re: Does anyone hold cash?

Current "cash" allocation is 13%. This includes iBonds, CD, AMX savings account, misc cash in brokerage accounts. "Retired" at 53 and 5 years later am 48% equities and 4% alternatives, 35% "bonds" and 13% cash. Personal situation has us with no need to take on additional risk to generate returns for...
by J295
Wed Oct 04, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9226

Re: Senior citizens can lose everything [to professional guardians via court rulings]

onthecusp wrote: ↑Tue Oct 03, 2017 10:12 am J295 wrote: ↑Tue Oct 03, 2017 9:38 am Another reason to have a strong power of attorney in place. I would like to discuss how a power of attorney would remedy this issue. A trusted relative with greater mental acuity had POA they might be able to fight th...
by J295
Tue Oct 03, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1537
Views: 272138

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

This question reminds me of .....

Refrain from the Kenny Rogers song the Gambler

Asking someone on the 17th tee if this is his best round ever.
by J295
Tue Oct 03, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 2880

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

Another factor to consider, is whether OP will want to be eligible for premium tax credits under the ACA (under current law), as MAGI for family of two to receive credits is less than $75k. If charitably inclined might also consider a donor advised fund. We are aware of this tax feature, but it wasn...
by J295
Wed Sep 27, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Meaningful wedding gift?
Replies: 20
Views: 1603

Re: Meaningful wedding gift?

I am NOT trolling for business but ...... My sister is an award winning columnist for our local paper and when her son got married and then again when our daughter got married she interviewed family and friends then gave a framed article complete with a cool picture that looks like a replica of a ne...
by J295
Sun Sep 24, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's the purpose of having a child's name on a deed?
Replies: 41
Views: 3282

Re: What's the purpose of having a child's name on a deed?

Generally, a bad idea. Let's say one of the adult children gets divorced, files bankruptcy, has a judgment against them, etc. Now the adult child's interest in the house is at risk (mom and dad still live there, but now the adult child share of the house is being liquidated!). If you are inclined to...
by J295
Sun Sep 24, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 23
Views: 1831

Re: Bond funds and stock funds, which one is riskier?

Stock funds are riskier.

In the liquidation of a company, which interest holder gets paid last? (Hint: it is one of the two classes OP notes, and it is not bonds) :happy
by J295
Sun Sep 24, 2017 7:17 am
Forum: Personal Consumer Issues
Topic: Finding a Driver
Replies: 26
Views: 3048

Re: Finding a Driver

These are really helpful replies so a shout out to everyone who has participated. For anyone who has gone through some of these life transitions (either as the parent or the adult child) the driving issue is an important one.

Thanks!
by J295
Sun Sep 24, 2017 7:11 am
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11692

Re: Lifestyle Creep

When one of our two cars was getting worn out I sold it to our mechanic and went down to one car. I use Lyft/Uber in our modest town (300k residents) and my spouse uses our vehicle most of the time. It's easy for us because we live on a golf course, I'm an avid golfer, and retired. Oh, another car s...
by J295
Sun Sep 24, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 36
Views: 2431

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

I like OP's creative thinking, but I think having this coverage is valuable on a risk/reward basis. For sure the liability coverage (whether through homeowner's or some other coverage) is critical. It's not just a home, but at other locations outside home where your negligence puts you at risk (acci...
by J295
Sat Sep 23, 2017 7:09 am
Forum: Personal Consumer Issues
Topic: Finding a Driver
Replies: 26
Views: 3048

Re: Finding a Driver

by runner3081 » Sat Sep 23, 2017 6:04 am What if someone else picks up the ride first of their driver is across town? In reality, I don't think the idea works. No one else could pick up the ride first. Their driver would not be across town, he/she would be in their driveway, because the request wou...
by J295
Sat Sep 23, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I create LLC for new business?
Replies: 18
Views: 1475

Re: Should I create LLC for new business?

I don't believe there are any tax advantages in your situation to an LLC. The same tax treatment applies to a sole proprietorship. What about liability concerns? Do you have liability insurance coverage? Doesn't seem like a high risk liability business, but let's say a client gets ill and claims it ...
by J295
Sat Sep 23, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance - Your inputs please!
Replies: 9
Views: 609

Re: Life insurance - Your inputs please!

$1 million extra would be a minimum add on. I'm not an insurance professional and always had high amounts of term to provide for spouse and children. Everyone one grown now and I'll let the current term policy run out in a few years when the fixed premium terminates (retired now at 58 with no need f...
by J295
Sat Sep 23, 2017 6:14 am
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4339

Re: Asking for no wedding gifts

I'd just state no gifts on whatever communication you provide and deal with whatever happens. I wouldn't complicate this with alternatives like cash or charity, etc.

Congrats on the marriage and best wishes!
by J295
Sat Sep 23, 2017 6:06 am
Forum: Personal Consumer Issues
Topic: Finding a Driver
Replies: 26
Views: 3048

Finding a Driver

We live in a city of 300k. Spouse typically drives our SUV and I take Lyft or Uber when the vehicle isn't available (I'm retired and most of what I need is nearby). As my parents age (now 84) they are driving less, so I sometimes drive them around, which I love doing. However, I'm not always in town...
by J295
Sat Sep 23, 2017 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8282

Re: Age you retired

DanMahowny wrote: ↑Fri Sep 22, 2017 2:30 pm 2015 wrote: ↑Fri Sep 22, 2017 2:07 pm 60. Loving it. Busier now than before I retired. But infinitely more fulfilled. This is my experience also. I have no idea how I ever had the time to work. My days are completely full. I don't understand how anybody c...
by J295
Sat Sep 23, 2017 5:28 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 2519

Re: Asset Allocation for mid 50 age group

58 retired.
110 - age = equity
so, 52% equity
Don't count paid for house, cars, ss, etc. when making allocation
Non-equity is combination of cash, cd, ibonds, tips, bonds, floating rate fund
by J295
Sat Sep 23, 2017 5:23 am
Forum: Personal Consumer Issues
Topic: Phone Techies .....
Replies: 32
Views: 2448

Re: Phone Techies .....

Appreciate all of the insights.
by J295
Fri Sep 22, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Phone Techies .....
Replies: 32
Views: 2448

Re: Phone Techies .....

Appreciate the prompt replies and insights. Thanks!
by J295
Fri Sep 22, 2017 8:52 am
Forum: Personal Consumer Issues
Topic: Phone Techies .....
Replies: 32
Views: 2448

Phone Techies .....

I have the 5s (quit smirking). Battery getting weak and with technology changes I'm told it's time for an upgrade. I use it for texting, email, airline apps, remote banking, calendar, etc. Do I now move the the 7, 8, or X? (love my Google tablet but not thinking about a Google phone right now). Wher...
by J295
Fri Sep 22, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 32
Views: 3564

Re: I-Bonds?

Welcome Kaece. We are 58 and retired, and happily hold ibonds as part of our "non-equity" portfolio (along with cash, CDs, BND, floating rate fund, etc.). For us the ibonds are a nice safe part of our mix. I don't really view them as a stand alone investment as much as part of an overall plan (hint:...
by J295
Thu Sep 21, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 2930

Re: Realtor to buy home?

Generally, I highly recommend getting a buyer's agent. Consider that .... In a hot market many homes are getting multiple offers first day listing and a seller's agent won't want to spend time education your son on forms and procedures for making an offer so he will probably be left out in the cold....
by J295
Thu Sep 21, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Re: Tenant wants to break contract. How much to pay an attorney?

Some things you should know/consider Leases generally favor landlords. Is the lease clause regarding payment of attorney fees enforceable under the laws of your state? In many states such a clause is not enforceable. What is the total tenant exposure (monthly rent times remaining lease term)? The mo...
by J295
Thu Sep 21, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2057

Re: Bonds - Ugh

There is a reason bonds (and other non-equity investments ..... cash, CD, I-bonds, floating rate funds, etc.) are in a portfolio, and in my case it has nothing to do with the most recent annual returns.

I'm a believer in a solid IPS and the discipline to follow it.
by J295
Tue Sep 19, 2017 5:26 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9027

Re: Bogleheads you would most like to meet and why?

Lev .... doesn't seem to post often on threads I read, but the Lev posts display wisdom beyond financial.
by J295
Mon Sep 18, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1824

Re: Please review my early retirement plan

You can retire now.
Note you may wish to consider your health insurance options under the ACA.
Good luck.
by J295
Mon Sep 18, 2017 9:52 pm
Forum: Personal Consumer Issues
Topic: Experience with Custom Home Builders
Replies: 12
Views: 1248

Re: Experience with Custom Home Builders

Have had a quality builder do a custom build, and have renovated and entire home ourselves as general contractor (with an architect and designer on the team). If you want to avoid surprises you need to do the detailed work now and spec out the entire project. This means everything -- down to the typ...
by J295
Sun Sep 17, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7104

Re: Psychological effects of Early Retirement in peak earning years.

Very happy to have selected time instead of money at age 53. Walked away during high earning years with no hesitation or regrets.
by J295
Tue Sep 12, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for 58 year old.
Replies: 23
Views: 2039

Re: Investment advice for 58 year old.

Spouse and I are same age as you and also plan to leave $$ for kids/grandkids. Retired at 53. Strongly recommend you create an Investment Policy Statement that can guide you with emotion free financial decisions over the balance of your investing life. Most would consider our IPS "conservative." Goo...
by J295
Sat Sep 09, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6495

Re: Luxury car: perception vs reality

Most of the people I know with luxury cars have significant assets.

Likewise, many of the people I know with significant net worth do not have luxury cars

My friends and acquaintances with modest net worth do not have luxury cars
by J295
Thu Sep 07, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8609

Re: For those planning early retirement....

Retired at 53. Me, spouse, and dog at home. Kids grown up and living quite far away. Now age 58. Golf (including tournaments), workout, help and hang out with elderly parents, visit patients in hospital and take them communion, work at free medical clinic, home visits to community members in severe ...
by J295
Wed Sep 06, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8717

Re: When calculating net worth, how do you value your house?

Jags4186, What is the legitimate argument for including it? May I ask. Just because somebody says so and it is a standard definition do not cut it for me. KlangFool For those that may choose to ignore a "standard definition" of a financial term be aware that you do so at your own peril which could ...