Search found 2042 matches

by J295
Tue Jul 16, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 32
Views: 2301

Re: 1 million in liquid assets or paid off mortgage by 40?

Personal preference. Ours was to have no debt.

Consider that the keep the debt responses might have been different if this question was being asked in 2008 or early 2009.
by J295
Tue Jul 16, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5857

Re: Will you buy Total Bond with a negative yield?

Speculative noise.

Currently I’m satisfied with our blend of non equity in BND, tips, I bonds, CD, floating rate fund, and MM.
by J295
Mon Jul 15, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 90
Views: 8107

Re: House not appraising for amount we were offered!

1. Negotiate solution with this buyer
Or
2. Put house back on market


Outcome depends on the pertinent facts. Like most decisions this doesn’t easily fall into one size fits all.
by J295
Fri Jul 12, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Real Estate Investing
Replies: 7
Views: 918

Re: Commercial Real Estate Investing

Find a mentor partner

Ideally both have deep pockets

If you are serious about no money down you will need very strong financial position and other additional collateral.
by J295
Wed Jul 10, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 151
Views: 7788

Re: Who cuts your hair? And for how much?

$28 cut and $7 tip
by J295
Tue Jul 09, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 69
Views: 5199

Re: (Tall) Buyer Beware: Honda Accord.

Tough problem I know 6 foot 4 inches here Pricey and bad mileage but if $$ not a strong consideration I love the Lexus GX 460 SUV. (The large one). Benefit of being retired I suppose for us .... Drove Honda and Infinity sedans up to 130k miles each back in the day. Wasn’t going to spend more for a S...
by J295
Fri Jul 05, 2019 8:44 pm
Forum: Personal Investments
Topic: Alternatives to CD laddering as rates decrease
Replies: 22
Views: 2716

Re: Alternatives to CD laddering as rates decrease

We don’t limit ourselves to a single choice on the non-equity side… CD ladder, I bonds, TIP, BND, floating rate fund, money market. We don’t own them for the yield per se, although the cash they generate is fine, rather we own them because they are “not equities.”
by J295
Tue Jul 02, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5199

Re: Where to park $50K for highest possible return but zero risk?

KISS
Dealing with $50,000 here, not $5 million.
I’d recommend a CD ladder.
by J295
Tue Jul 02, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Would I pay taxes on proceed of house?
Replies: 2
Views: 437

Re: Would I pay taxes on proceed of house?

See the IRS topic 701 on the exclusion from income on the qualifying sale of a personal residence. Or google exclusion from tax on sale of residence. If you qualify for a jointly owned property you can exclude up to $500,000 of capital gain.
by J295
Mon Jul 01, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Question of integrity
Replies: 34
Views: 3113

Re: Question of integrity

Honestly, "it depends." If it were me on the hiring end I'd completely understand and wish you well. Others, not so much. The impact ... who knows? It's your life. Not sure of your age ..... during the "early years" of many careers it can be more important to be learning rather than earning. (Both i...
by J295
Mon Jul 01, 2019 10:29 pm
Forum: Personal Investments
Topic: Can I add Social Security to my asset allocation of bonds?
Replies: 42
Views: 2619

Re: Can I add Social Security to my asset allocation of bonds?

We don't/won't but that's because we're probably more conservative than most. Basically 50% equities. We have plenty of $$ and were much more aggressive in allocation in my working years (60 now; retired at 53). Just don't have need or tolerance for greater risk. 2008-09 was uncomfortable. YMMV. Goo...
by J295
Sat Jun 29, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Basic LLC Questions
Replies: 10
Views: 785

Re: Basic LLC Questions

No tax savings from either. There should be liability protection if properly structured and operated.

Assuming you sell your inventory you will recognize ordinary income in amount of gross income minus expenses.
by J295
Wed Jun 26, 2019 9:37 pm
Forum: Personal Consumer Issues
Topic: Buying a car out of state
Replies: 33
Views: 1804

Re: Buying a car out of state

We’ve done it a few times. Most recent was purchasing a new large Lexus SUV. Gave the local dealer in an opportunity to bid on exactly what I wanted, but they were thousands of dollars higher so I purchased elsewhere. The local dealer had one large SUV on the lot which didn’t meet my specifications....
by J295
Tue Jun 25, 2019 5:28 pm
Forum: Personal Investments
Topic: Could I be financially independent in 4-5 years?
Replies: 28
Views: 5118

Re: Could I be financially independent in 4-5 years?

Insufficient information for a meaningful response. Actual asset dollar amounts and pertinent expense detail is necessary.

Also, an explanation on what you think will be different asset and expense wise five years from now will be helpful.

Thanks
by J295
Mon Jun 24, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: for those of you who sold a home...
Replies: 24
Views: 3422

Re: for those of you who sold a home...

As you help your friend navigate this situation be mindful that 1. For a home this price it becomes more difficult to find a quality real estate agent. It’s certainly possible, but it’s not always easy. 2. A quality agent wants to know the remaining mortgage amount to assure themselves that they are...
by J295
Mon Jun 24, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401K or traditional 401K and ACA subsidy
Replies: 11
Views: 978

Re: Roth 401K or traditional 401K and ACA subsidy

I think you may be missing something… Please show your math on the 72k
by J295
Sun Jun 23, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: HSA account (Tips for newbie)
Replies: 15
Views: 1042

Re: HSA account (Tips for newbie)

Willthrill81 is correct
by J295
Sun Jun 23, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401K or traditional 401K and ACA subsidy
Replies: 11
Views: 978

Re: Roth 401K or traditional 401K and ACA subsidy

There are a few options depending upon facts and circumstances to deal with modified adjusted gross income. A few observations for you Check out the solo 401(k) contribution limits, including the catch-up provisions Review the HSA maximum contribution amounts. This assumes you will have a high deduc...
by J295
Sat Jun 22, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Behaviour once the game is won
Replies: 18
Views: 3232

Re: Behaviour once the game is won

Retired 7 years ago at 53. For us our AA is one where we are neither fearful or greedy in a strong down or a strong up market. Fwiw. For us 2008 generated plenty of investment anxiety. It wasn’t just a blip on the radar screen. Would have been a harder time except that my work situation was quite st...
by J295
Sat Jun 22, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a trust for child's annual gifted amount
Replies: 37
Views: 2742

Re: Opening a trust for child's annual gifted amount

Your question is there an inexpensive way to do this in trust? Not really. There will be administration costs and annual tax filings required. Same basic cost whether there is $30,000 or $3 million in the trust.
by J295
Sat Jun 22, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: For those who tip valet and/or dog kennel
Replies: 11
Views: 1307

For those who tip valet and/or dog kennel

We tip the parking valet and personnel at the dog kennel. Just curious… For those that tip do you tip at the car drop off and pick up both, or just one? Same question for the kennel…
by J295
Sun Jun 16, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 13779

Re: Why do large personal portfolios include bonds?

Interesting example about the well-known ultra wealthy Bill Gates types mentioned above… Reminds me I have an acquaintance who has net worth i reasonably believe to be in the mid to upper nine figure range. He owns several companies and a significant amount of real estate. These assets are quite div...
by J295
Sun Jun 16, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Partnership advice for new business?
Replies: 9
Views: 515

Re: Partnership advice for new business?

LLC not partnership.
Adequate insurance.
Experienced and capable lawyer and accountant.
Both of you need to be on the same page and have a great problem resolution skills.
by J295
Sun Jun 16, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 13779

Re: Why do large personal portfolios include bonds?

Retired at 53. Married. No pension. Now age 60. We make some financial gifts now, and will leave assets to children upon our death. Experienced hyperinflation of the late 70s/early 80s ( yes, I was investing in college ), black Monday, tech crash, 2008/2009, and have seen my share of sure things tur...
by J295
Sat Jun 15, 2019 6:03 pm
Forum: Personal Consumer Issues
Topic: Legal review of a remodeling contract?
Replies: 6
Views: 518

Re: Legal review of a remodeling contract?

Retired lawyer here, who is been involved in numerous residential construction and renovation projects for our own homes. Last renovation was a complete gutting and renovation of a townhome with 18 subs and ourselves as general. 1. I won’t work with anybody I don’t trust on a handshake. 2. In those ...
by J295
Sat Jun 15, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: Retaining least appreciated shares for ACA?
Replies: 8
Views: 654

Re: Retaining least appreciated shares for ACA?

Your idea makes sense although it’s nothing we have focused on is it really isn’t pertinent to our situation; and we have been with coverage under the ACA exchange since it’s inception. All of coverage has been eligible for premium tax credits.
by J295
Fri Jun 14, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "Professional Trustee?"
Replies: 46
Views: 3445

Re: Do I need "Professional Trustee?"

Ask an experienced ACTEC lawyer if you want a second opinion. Advice here from non-lawyers who haven’t read the document and don’t know pertinent facts is of nominal to no value.

Bsteiner is very highly regarded lawyer and Gill is a retired lawyer/ trust officer I believe.
by J295
Fri Jun 14, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 22
Views: 3315

Re: Target Red Card Auto-Pay Deceit Warning

It works the way I would have expected it to work with a minimum pay auto pay

Easy solution —— Turn off minimum auto pay.
by J295
Mon Jun 10, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Laminating important documents - a good idea?
Replies: 34
Views: 2488

Re: Laminating important documents - a good idea?

Not necessary to laminate any of these

In our state the bureau of vital statistics will issue a new birth certificate. So if you want a new one for your father you may obtain one.
by J295
Sat Jun 08, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: Eye/face protection for basketball?
Replies: 28
Views: 1548

Re: Eye/face protection for basketball?

And in other news… Fred VanVleet of the raptors last night gets inadvertent elbow and ends up with stitches and chips a tooth… Maybe that’s why we see Steph Curry and some other with mouth guards

Maybe Golf and Math Club are a bit safer. 😃😃
by J295
Fri Jun 07, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Inflation in Retirement
Replies: 35
Views: 2601

Re: Estimating Inflation in Retirement

Inflation is one of many unknowns. I don’t estimate it.
by J295
Fri Jun 07, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Do we need a realtor? First time home buyer, buying from landlord
Replies: 26
Views: 2162

Re: Do we need a realtor? First time home buyer, buying from landlord

Just noticed down in the thread that you used this realtor to help you value the property. A potentially important fact not in the original post. Most experienced agents have a dialogue with their client in situations like these before making the valuation. What exactly were the conversations and ex...
by J295
Fri Jun 07, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: Eye/face protection for basketball?
Replies: 28
Views: 1548

Re: Eye/face protection for basketball?

In image above Kobe was wearing face mask due to a broken nose. It was temporary. I didn't see any eye protection goggles in our youth and high school experiences over the years. There may be a few at all levels. The one I can recall now is Jalen Smith of Maryland (google him for images). Basketball...
by J295
Fri Jun 07, 2019 7:05 pm
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3512

Re: How to pay electrician

I must admit I'm really confused by so many saying "just pay it" when OP has a proposal AND talked to the vendor and didn't receive a satisfactory explanation for the upcharge. We have worked with many subs, including 18 on one project for a complete home renovation. If there is a bid/proposal that ...
by J295
Fri Jun 07, 2019 9:30 am
Forum: Personal Investments
Topic: very concerned about stock and bond movement
Replies: 26
Views: 2112

Re: very concerned about stock and bond movement

I will only tell you what we do, at age 60 and having been retired for seven years. We have an investment policy statement and our age based our equity allocation is now at 50%, and I update our financials about once a month. I see the market and I know when it goes up or down, but since we have eno...
by J295
Wed Jun 05, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3512

Re: How to pay electrician

Watts up with this?
Seems shocking.
I'd be amped up in this situation.
:happy

Seriously... your post states he gave you a proposal, that you asked about the higher charges, and after talking to him you are not satisfied with his explanation. Seems straightforward that you pay the proposal.
by J295
Tue Jun 04, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Attaining a dream job / career satisfaction
Replies: 7
Views: 946

Re: Attaining a dream job / career satisfaction

Corn18 ... Appreciate the honesty.... I have a dream life, but didn’t have a dream job (at least not a dream job for me, although it provided autonomy and nice financial rewards) ...Thus, I retired seven years ago at age 53… Everyone has choices ....
by J295
Tue Jun 04, 2019 7:13 am
Forum: Non-US Investing
Topic: Why house selling prices are generally not public?
Replies: 25
Views: 1871

Re: Why house selling prices are generally not public?

Just a few clicks and I can find sale prices in our state. County website
by J295
Mon Jun 03, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Santa Fe real estate
Replies: 64
Views: 4182

Re: Santa Fe real estate

My retired architect friend built a home in SF and he and his wife love SF. We've visited. Beautiful. Yes, SF has it's own vibe just like many areas have their own personality. It isn't for everyone of course, but is wonderful for many. OP ... if at some point you want to look into connecting with h...
by J295
Mon Jun 03, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pulling retirement funds - adjust AA in down market?
Replies: 19
Views: 1123

Re: Pulling retirement funds - adjust AA in down market?

Retired at 53 but have other income streams. Now 60. Will keep AA regardless of market conditions. YMMV.
by J295
Mon Jun 03, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Card - Binding arbitration opt-out?
Replies: 43
Views: 3718

Re: Chase Credit Card - Binding arbitration opt-out?

Chicago60 » Mon Jun 03, 2019 12:59 pm J295 wrote: ↑Mon Jun 03, 2019 10:33 am Why do you believe arbitration provisions will prohibit you from being part of a consumer class action? Because: (1) that is what arbitration provisions provide, and (2) that is the primary reason large corporations mandat...
by J295
Mon Jun 03, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8154

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

For us everything is situational. We treat family members equitably, which is not always equally.
by J295
Mon Jun 03, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Card - Binding arbitration opt-out?
Replies: 43
Views: 3718

Re: Chase Credit Card - Binding arbitration opt-out?

1. Respectfully, I had no idea anyone ever read these types of mailings. 2. Why do you believe arbitration provisions will prohibit you from being part of a consumer class action? Note that the recent US supreme court case dealing with class actions was in the employment context. Moreover, it seems ...
by J295
Sun Jun 02, 2019 6:39 pm
Forum: Personal Consumer Issues
Topic: Golf interest rekindled after decades - My son created a monster! Now what?
Replies: 31
Views: 2578

Re: Golf interest rekindled after decades - My son created a monster! Now what?

Ah yes bcc 1234 .... right on in terms of speed of play… our group has an open invitation for anyone. We have about 15 regulars ranging in handicaps from +2 up to over 20… Regardless of handicap, no one enjoys playing with a golfer who A. Plays slow (aka the human rain delay) B. Goes dark and whiny ...
by J295
Sun Jun 02, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Golf interest rekindled after decades - My son created a monster! Now what?
Replies: 31
Views: 2578

Re: Golf interest rekindled after decades - My son created a monster! Now what?

60-year-old retiree here who lives on the golf course and loves golf. Not all “PGA professionals” are created equal. Do your due diligence before spending time with an instructor to increase the chances that you will have a good fit. I have an excellent instructor with a good fit, but have witnessed...
by J295
Sat Jun 01, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Painting Cabinets - Is it that hard ?
Replies: 38
Views: 2988

Re: Painting Cabinets - Is it that hard ?

It’s hard and time-consuming to do it right. We did it, or I should say my wife did it, but she is super handy and we have all the right tools. A cost of $2000 seems inexpensive if they will in fact do a good job.
by J295
Sat Jun 01, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 10264

Re: How did you all do in the month of May, 2019

May was great. Our team got second in the pro-member event at our golf club, and I managed to win two of the three skins in that event.... $400 cash and $260 Pro shop credit… Mom recovered nicely from her chemotherapy… Surprised my wife with a trip, and then our family from Houston, San Francisco, a...