Search found 1417 matches

by J295
Sat Jun 23, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: aca and investment income?
Replies: 4
Views: 401

Re: aca and investment income?

That’s some relatively serious CD income, as magi for a family of two is right around $64,000. My math is $2 million at 3% is $60,000. Are you already funding HSA to reduce magi? Can you keep the same overall asset allocation by taking some of the fixed income from your taxable and purchasing Berksh...
by J295
Sat Jun 23, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 21
Views: 1969

Re: Retirees: When you cut spending, what do you cut?

Retired. Now in our late 50s. We plan to leave inheritances for our children, so we are mindful of expenses now as we were pre-– retirement. We don’t anticipate ever having a need to cut, but who knows what the future holds. Already cut. Drive one vehicle, albeit a nice one a large Lexus SUV No cabl...
by J295
Wed Jun 20, 2018 10:12 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 53
Views: 3238

Re: What will (or would) you tip when wages go up?

The wage in the state does not matter to us Typical For us is minimum 20%. If we have a small order, like a couple of salads, then just a round number, which ends up being in the 25% - 50% range It’s probably relevant that we are retired and these tipping financial decisions are not material to our ...
by J295
Tue Jun 19, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 84
Views: 10343

Re: Retire at 50: Should I?

Yes, you can "retire." We transitioned 5 years ago at age 53. Very glad we did. Health care .... we have coverage under the affordable care act and can manage our MAGI (modified adjusted gross income) and thus qualify for PTC (premium tax credits) that pay for nearly all of our otherwise $24k premiu...
by J295
Sun Jun 17, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 67
Views: 7461

Re: I-bonds look pretty bad right now

For us, I bonds are one tool in the toolbox. We’re satisfied to have accumulated I bonds over the years that, for the current six month period, have an annualized return rate in the 2.5% plus range and no current taxation
by J295
Sun Jun 17, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of using CPA for taxes
Replies: 27
Views: 3233

Re: Benefits of using CPA for taxes

Based on your post it appears you are not pleased with the service, and your dissatisfaction seems reasonable, so the answer seems straightforward – – don’t use this provider.
by J295
Sun Jun 17, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: move out of bonds into money market and online savings
Replies: 19
Views: 2736

Re: move out of bonds into money market and online savings

We haven’t moved out of bonds because we choose not to engage in market timing. If you don’t have an investment policy statement, I strongly recommend one. Remember that your 30% allocation to “bonds” can be 30% to non-equities. In our case that means BND, I bonds, CDs, tips, floating rate fund, and...
by J295
Sat Jun 16, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4511

Re: Flaw in Logic? CD ladder instead of bond funds

Doesn’t have to be either/or. Can be both/and.

Personally, we have BND, CD, I bond, tip, floating rate, and savings on the “non-equity “side of things.
by J295
Sat Jun 16, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 59
Views: 4993

Re: What are your hobbies?

Golf
Reading
Visit Saint Vincent Depaul clients
Exercise
Travel to see family
Help elderly parents
Respond to random situations that present themselves
Make and drink lattes
by J295
Sat Jun 16, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Should fixed income allocation necessarily change over the years?
Replies: 11
Views: 669

Re: Should fixed income allocation necessarily change over the years?

We could go 70/30 and be financially fine with a 50% decline in equity values.

However, our sleep well at night allocation is 110-age in equities. Thus in retirement now at age 59 we are 51/49.
by J295
Fri Jun 15, 2018 10:25 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 46
Views: 4073

Re: Contractor - Threatening Lien/Lawsuit

Scam. Ignore him and move on.
by J295
Thu Jun 14, 2018 10:56 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3568

Re: Non-alcoholic drinks for wedding

We have hosted weddings with alcohol. OP didn’t ask if he/she should have a dry reception yet some decided it was ok to be critical of their decision. I believe doing so is rude. To OP .... I can’t add to the non-alcoholic suggestions already posted but can send along congratulations and best wishes...
by J295
Thu Jun 14, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Learning how to fix/repair things
Replies: 29
Views: 2237

Re: Learning how to fix/repair things

Something else for you to consider… When we were younger (and had less resources) we did some things ourselves, but certain things we left to the professionals. These were things that might have a serious safety issue, or were important from a cosmetic standpoint. For example, I’m looking at some be...
by J295
Wed Jun 13, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: For Sale By Owner (FSBO) purchase - how much discount can I expect?
Replies: 22
Views: 1617

Re: For Sale By Owner (FSBO) purchase - how much discount can I expect?

If a desirable home is priced at "market value" the discount I would provide is zero. This may be especially true in a seller's market, which we have in our area for many homes. We have sold two desirable homes FSBO and bought one desirable home FSBO, all with no adjustments because there was no rea...
by J295
Wed Jun 13, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: 1 Year Rule - Not allowed to execute new investment strategy until 1 year has passed
Replies: 27
Views: 2436

Re: 1 Year Rule - Not allowed to execute new investment strategy until 1 year has passed

Our IPS cooling off period is 30 days. Allocations are age based, and since bands are typically not met during the year we re-allocate once a year. Pretty simple with three investment categories ..... equities, fixed, and cash. Have never changed the IPS, so the cooling off period is rather moot to ...
by J295
Wed Jun 13, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1846

Re: Taxation for free-lancers

Agree that TurboTax works fine. Presently, both my wife and I have some self-employment income from separate professions. We also both have separate liability coverage. Having said that, when I was working full time we used an accountant not because we couldn’t handle it ourselves, but I just didn’t...
by J295
Wed Jun 13, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16136

Re: Should I take possession of a certified mail?

1. OP indicated in follow up he would accept the letter, which I think is good judgment. 2. We have worked with multiple subcontractors over the years, including a complete renovation of our most recent townhome with 18 subs. We won’t work with someone unless there is a high level of compatibility/m...
by J295
Tue Jun 12, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Recommendation for High Deductible Health Care Plan - Ages 61/56
Replies: 17
Views: 1218

Re: Recommendation for High Deductible Health Care Plan - Ages 61/56

We are on ACA plans due to early retirement and have been satisfied. The insurer has changed during the course of our coverage due to Blue Cross dropping out of ACA plants in our state. In our case, we keep modified adjusted gross income below the cliff, and qualify for premium tax credits that esse...
by J295
Mon Jun 11, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: How to convince my co-worker to invest more?
Replies: 47
Views: 3255

Re: How to convince my co-worker to invest more?

I’m all for saving, and have demonstrated it throughout my earning years and people knew it. If they had questions, I answered and helped them. If they didn’t ask, I didn’t offer any help. Retired from full-time work at age 53 A member of our team that worked closely with me didn’t have a high incom...
by J295
Mon Jun 11, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4746

Re: How do you celebrate (potty trained kid) milestone with your spouse?

OP. Great that you are finding an opportunity to support and show love for your spouse.
by J295
Mon Jun 11, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1585

Re: House sale by owner - Problems & Pitfalls?

We sold two homes easily FSBO. However, both were highly desirable properties and both were sold after we told a few friends that we would be selling (no advertising, no open houses). And, probably most significantly, we are well versed in real estate (I was a practicing lawyer at the time). Selling...
by J295
Mon Jun 11, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Pre 65 Retirees - Healthcare
Replies: 21
Views: 2037

Re: Pre 65 Retirees - Healthcare

Yep. ACA for us in our 50s. We keep our MAGI under the cliff to qualify for PTC (modified gross income; premium tax credit).
Kaiser has a nice calculator for planning purposes.
by J295
Sat Jun 09, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Title company asking for another warranty deed?
Replies: 12
Views: 1095

Re: Title company asking for another warranty deed?

Interesting advice from some who apparently know nothing about real estate law. Review the title company documents that you signed. I suspect there is a clause that requires your cooperation post closing, which would very likely include signing another original deed and sending it to them. For those...
by J295
Sat Jun 09, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3362

Re: Found an FSBO home for sale. How to avoid Realtor?

1. To directly answer OP question, which is how to avoid a realtor in this — Simply don’t use one. As a courtesy, call your realtor and tell them you are going to proceed on your own. 2. For those that believe a realtor does not add value, my experience is to the contrary. 3. For those that believe ...
by J295
Sat Jun 09, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation 53 years old
Replies: 21
Views: 1723

Re: Asset Allocation 53 years old

Fogu

Good points.

I too was self-employed during my working life. I had a relatively high income, but we lived modestly. We were financially independent and “retired” at age 53. Many others in similar income positios are not in the same net accumulation boat.
by J295
Sat Jun 09, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation 53 years old
Replies: 21
Views: 1723

Re: Asset Allocation 53 years old

Age 59. Retired. Allocation is 110-age in equities
by J295
Sat Jun 09, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10061

Re: Why do we work?

Worked to provide for family.
by J295
Wed Jun 06, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy - first meeting with estate lawyer soon
Replies: 13
Views: 1891

Re: Strategy - first meeting with estate lawyer soon

I am a retired lawyer. I have familiarity with basic estate planning, but am not an expert. Our firm had a number of lawyers who specialized in this area and handled these types of matters. There are a number of different alternatives you can consider to meet your charitable and other life objective...
by J295
Wed May 30, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: Roadside assistance coverage?
Replies: 12
Views: 642

Re: Roadside assistance coverage?

Thanks to all!

Note: our American Express platinum card offers 24 hour hotline assistance, but the cardholder pays the vendor provides the services.
by J295
Wed May 30, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 6938

Re: get sued for posting nagative online review?

Financial risk seem small. In our state, the cause of action ( assuming no bad faith by the poster) would likely be libel, and to pursue a cause of action requires the aggrieved party to request a retraction in the same forum that the original review was posted. If one received such a notice, one co...
by J295
Wed May 30, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Roadside assistance coverage?
Replies: 12
Views: 642

Roadside assistance coverage?

We are a 58 year old retired couple in good health. We drive 25k per year, including some road trips. We have a 2016 Lexus SUV that is well maintained. Should we pay $100 a year for AAA? Or $42 per year for Nationwide rider for roadside assistance? Or something else? Or skip it all and just pay for ...
by J295
Wed May 30, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5035

Re: Splurging on the NBA finals

Absolutely go to the game.
I'm only a modest fan, but think this is a great game choice. I really love watching both these teams and coaches.

My "splurges" are on golf ...
by J295
Sat May 26, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tax lien and tax deed: Their use in real estate investing
Replies: 4
Views: 597

Re: Tax lien and tax deed: Their use in real estate investing

I’m very familiar with this in our state. Each state is different.
by J295
Tue May 22, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are there any experienced real-estate people here?
Replies: 39
Views: 3812

Re: Are there any experienced real-estate people here?

Get a good real estate agent, and my guess is they will confirm that it is basically a sale as is property
by J295
Fri May 18, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12345

Re: how do you tip on wine at a restaurant

20 % on everything is the customary expectation.

Anything less regardless of a person’s “analysis” is not meeting the customary expectation.
by J295
Fri May 18, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6288

Re: Neighbor wants to use our land temporarily - let them or not?

Simple ... tell them yes. No need to add waivers, warnings, etc.
by J295
Thu May 17, 2018 2:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 205
Views: 27633

Re: Roll Call for the Retirement Class of 2018!

In 2013 transitioned to part time, to kinda part time, to hardly any time. Now in 2018 officially no time = retired. The glide path worked well for us. Now age 58.
by J295
Thu May 17, 2018 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 8763

Re: Golden Handcuffs

Simple. Don’t let $$$ be the primary factor in this decision. It’s a fine tool but a terrible master.
by J295
Thu May 17, 2018 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%
Replies: 26
Views: 3431

Re: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%

The modest rate difference on this amount would not cause me to take action.
by J295
Wed May 16, 2018 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5202

Re: Large Personal Injury Settlement

This is a more nuanced observation, but you may wish to check your state law to see if the personal injury settlement proceeds are exempt from execution. In our state, they are completely exempt from execution. So, it may be prudent here for a large settlement to be kept completely separate from oth...
by J295
Mon May 14, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer - tips?
Replies: 37
Views: 6914

Re: Cancer - tips?

Wishing you good outcomes and lots of support.
by J295
Mon May 14, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Am I working with the wrong realtor?
Replies: 22
Views: 2731

Re: Am I working with the wrong realtor?

Around here, it makes no sense whatsoever to submit an offer on a home that is already under contract.
by J295
Wed May 09, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5691

Re: What's the view on dogs running free?

Have had dogs throughout nearly all of my life. Dogs should be under the owners control at all time, which typically requires a leash. A few dogs are so well-trained they do not need a leash, but these are the exception.
by J295
Mon Apr 30, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - Vanguard or Fidelity?
Replies: 3
Views: 507

Re: solo 401k - Vanguard or Fidelity?

We have accounts at both institutions. Fidelity has always had far superior customer service. Our solo 401(k)s are at Fidelity. To fund them takes only a phone call to Fidelity to transfer from existing Fidelity taxable accounts into the solo 401(k)s.