Search found 2021 matches

by J295
Sun Jun 16, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 145
Views: 9527

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: 456

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: 145
Views: 9527

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: 473

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: 588

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: 44
Views: 2878

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: 3122

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: 2421

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: 1527

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: 2551

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: 2129

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: 1527

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: 3460

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: 2042

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: 3460

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: 932

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: 1792

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: 4106

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: 1092

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: 37
Views: 2935

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: 8016

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: 37
Views: 2935

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: 2541

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: 2541

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: 2936

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: 125
Views: 9774

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...
by J295
Wed May 29, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Deferring taxable income for ACA
Replies: 10
Views: 445

Re: Deferring taxable income for ACA

So am I understanding this correctly… You get about $70,000 per year from taxable accounts. Assuming the taxable accounts yield about 2.5%, you have approximately 3 million in taxable accounts? Do you have another 70,000 of income from an on identified source? What is the source? I’m not trying to p...
by J295
Thu May 23, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3458

Re: Payable On Death Account to Complement Will

POD here seems reasonable.
by J295
Thu May 23, 2019 5:39 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1333

Re: Mortgage as part of AA

Debt is debt. Period.
by J295
Thu May 23, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: What is the best way to test drive cars?
Replies: 39
Views: 2938

Re: What is the best way to test drive cars?

Respectfully, there’s not much to a test drive with the brands you were considering. Both strong brands. Read some reviews. Do you know if you want a firm ride or a soft ride? Are you looking at city driving or interstate travel? Things like that are important I’m 6‘4“ and 200 pounds, so in addition...
by J295
Mon May 20, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11311

Re: Should I encourage my kids to work in high school/college?

Depends… On a number of things… As a general rule it’s good for them to work if possible
by J295
Thu May 16, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bank called my business manager
Replies: 49
Views: 5337

Re: Bank called my business manager

Lots of fencing with windmills going on here… I was a partner in a professional business .... if a bank called and had a question for me and I wasn’t available it likely gets transferred to someone else on the team, and if it’s my primary assistant or office manager etc. then they get asked a questi...
by J295
Tue May 14, 2019 1:18 pm
Forum: Personal Investments
Topic: Account For Nieces
Replies: 22
Views: 1269

Re: Account For Nieces

In our family we choose to have the accounts remain in the name of the person intending to make the gifts rather than the child so that if the child applies for financial aid they will not need to list these funds as part of their assets.
by J295
Tue May 14, 2019 6:58 am
Forum: Personal Investments
Topic: refusing inheritance
Replies: 45
Views: 5025

Re: refusing inheritance

1. Google “will disclaim bequest”
2. Facts matter. So terms of Will are important. It would be common for Will to provide that a deceased child’s share goes to that deceased child’s children.
by J295
Mon May 13, 2019 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

Luckywon » Mon May 13, 2019 3:03 pm J295 wrote: ↑Mon May 13, 2019 1:43 pm And, why so many prior amendments? Will not be enumerating why for you as your approval or comments on them are not of interest to me, and I cannot think of any good reason why you would inquire about the reasons for them. I ...
by J295
Mon May 13, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

Smackboy1 is correct.

And, why so many prior amendments?
by J295
Mon May 13, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: 100% stocks with 3% SWR with 60 years retirement period
Replies: 40
Views: 3709

Re: 100% stocks with 3% SWR with 60 years retirement period

Living on $30,000 per year not an option for us.
by J295
Tue May 07, 2019 8:50 pm
Forum: Personal Consumer Issues
Topic: Bandon, Oregon Golf
Replies: 10
Views: 987

Re: Bandon, Oregon Golf

I haven't been to Bandon, but friends have and I can get their input if you find you need it. I suspect you'll be fine with the input you've gathered but PM me if needed.

I also find golfwrx.com posters have good input on trips like these.

Enjoy.
by J295
Thu Apr 25, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy for specific plan
Replies: 16
Views: 608

Re: ACA subsidy for specific plan

Yes. Did you complete the calculator? When you do so it should show you the silver plan costs and then keep reading and it will show you the bronze plan cost. Make sense?
by J295
Thu Apr 25, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy for specific plan
Replies: 16
Views: 608

Re: ACA subsidy for specific plan

This calculator answers it for me in my state
by J295
Wed Apr 24, 2019 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8183

Re: What, if anything, do I owe this guy?

Anyone in sales know that transactions aren’t officially closed until signatures are on the dotted line. Don’t overthink this. Communicate to him professionally and politely that you have reconsidered and are not going to move forward with him. The end.
by J295
Mon Apr 22, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains
Replies: 8
Views: 941

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: 67
Views: 5902

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: 67
Views: 5902

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 --...