Search found 58 matches

by cjhud32
Thu Jan 23, 2020 8:02 am
Forum: Investing - Theory, News & General
Topic: Creating 401K for employer
Replies: 2
Views: 120

Creating 401K for employer

Current employer does not have a 401K for employees and would like me to assist in creating one to offer as part of their benefits package. Besides just some basic searches and my own research, any suggestions on a good place to start? Small family-owned company with approximately 25-30 employees. T...
by cjhud32
Mon Jan 06, 2020 8:46 pm
Forum: Personal Investments
Topic: EE or I series bonds for retirement?
Replies: 29
Views: 2798

Re: EE or I series bonds for retirement?

Thanks for your perspectives. At this point, I'm more concerned about being able to fund my retirement. If/when I'm in a position to pass anything to my daughter I will keep these benefits in mind. How do TIPS work, is there a mutual fund that is recommended? Not recommended in taxable. Right now I...
by cjhud32
Sat Dec 28, 2019 8:42 pm
Forum: Personal Consumer Issues
Topic: [Golf] in Orlando
Replies: 18
Views: 1067

Re: [Golf] in Orlando

Live here and play often. Not sure where you are staying, but If you don’t mind making the drive to Sorrento, play Red Tail. You will not be disappointed.
by cjhud32
Sat Dec 28, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Income change; Traditional vs. Roth Question
Replies: 12
Views: 450

Re: Income change; Traditional vs. Roth Question

But you were not deducting your contributions on your tax returns? How much are the gains in your traditional IRA now (the amount above your basis, which you should have been tracking via Form 8606)? +1. The income cutoff to deduct a Traditional IRA is lower than the cutoff to make a Roth contribut...
by cjhud32
Sat Dec 28, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: Income change; Traditional vs. Roth Question
Replies: 12
Views: 450

Re: Income change; Traditional vs. Roth Question

But you were not deducting your contributions on your tax returns? How much are the gains in your traditional IRA now (the amount above your basis, which you should have been tracking via Form 8606)? +1. The income cutoff to deduct a Traditional IRA is lower than the cutoff to make a Roth contribut...
by cjhud32
Sat Dec 28, 2019 3:34 pm
Forum: Investing - Theory, News & General
Topic: Income change; Traditional vs. Roth Question
Replies: 12
Views: 450

Re: Income change; Traditional vs. Roth Question

It's good to have both tax-deferred and after-tax (such as Roth) money when you retire. It seems a good possibility that you should start accumulating some Roth assets, but there are things we don't know. What do you have now? Have all of your IRA contributions been tax-deferred? How old are you? W...
by cjhud32
Sat Dec 28, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: Income change; Traditional vs. Roth Question
Replies: 12
Views: 450

Income change; Traditional vs. Roth Question

Have been contributing max amount to Traditional IRA for the last 10 years (age 42). Switching careers and income will be decreased putting me eligible for Roth instead of traditional IRA. Understand the benefits of both. Just curious if I should continue with Traditional for ease of having one IRA ...
by cjhud32
Thu Jul 04, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Agent vs DIY
Replies: 7
Views: 630

Re: Insurance Agent vs DIY

So other than just asking around and perhaps looking at reviews on something like yelp or google, how do you go about finding a good agency? The one I am currently using was highly recommended, but obviously my experience has not been good.
by cjhud32
Thu Jul 04, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Agent vs DIY
Replies: 7
Views: 630

Insurance Agent vs DIY

For the past six or seven years I have used an insurance company to shop my policies each year. Seems like there is frequent turnover and a new agent is assigned to me every year or so. Getting in touch with someone proves to be quite difficult at times. I was wondering if it make sense to continue ...
by cjhud32
Tue Jun 25, 2019 1:29 pm
Forum: Investing - Theory, News & General
Topic: I-bonds vs Ally
Replies: 9
Views: 1537

Re: I-bonds vs Ally

Rob5TCP wrote:
Tue Jun 25, 2019 1:28 pm
If from a high tax state, I Bonds are SALT free.
Also, they are an inflation hedge, which CD's are usually not.
I hear the inflation hedge often, could you perhaps explain?
by cjhud32
Tue Jun 25, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: I-bonds vs Ally
Replies: 9
Views: 1537

I-bonds vs Ally

Ally bank savings is currently at 2.2%. Ibonds are currently 1.9% with a 0.5 fixed rate. I usually transfer $10K from Ally to Treasury Direct each year, but that was when Ally's rate was much lower. Besides the tax deferment benefit, could someone explain to me why I would want to transfer this year...
by cjhud32
Wed Jun 12, 2019 12:35 pm
Forum: Investing - Theory, News & General
Topic: Expense Ratio for Employer 401K High?
Replies: 12
Views: 928

Re: Expense Ratio for Employer 401K High?

J G Bankerton wrote:
Wed Jun 12, 2019 8:38 am
Contribute what the company will match and no more. Do they offer a S&P 500 fund? If so go 100% S&P, should be the lowest ER, and diversify with other investments.
No S&P unfortunately. Was hoping for at least that, but she’s very limited with her options!
by cjhud32
Wed Jun 12, 2019 8:27 am
Forum: Investing - Theory, News & General
Topic: Expense Ratio for Employer 401K High?
Replies: 12
Views: 928

Re: Expense Ratio for Employer 401K High?

After looking at all of the fund choices, the ER is high on all of them. Anywhere from 1.42 to 1.9. Even the money market is 1.44. With that being said, it looks like the biggest mark-up are the target dated funds. There are two additional funds that appear to have index properties, and the ER is th...
by cjhud32
Tue Jun 11, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: Expense Ratio for Employer 401K High?
Replies: 12
Views: 928

Expense Ratio for Employer 401K High?

GF now eligible for 401K through work, but the choices are limited. Looks like everything is through American Funds. Employer matches up to 3% so want to take advantage of that, but something doesn't make sense. When I look up the expense ratio of the 2030 Target Dated Fund on the AF website, it is ...
by cjhud32
Tue May 07, 2019 10:47 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14748

Re: I tried to fire my financial advisor of 12 years today...

"He also said he's immediately lower the fee to 1%". Why don't you ask him why he has been overcharging you all these years if it was that easy for him to drop it to 1%. You may not feel as bad after realizing this.
by cjhud32
Mon Mar 25, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: Moving from NY to St Petersburg FL
Replies: 9
Views: 1361

Re: Moving from NY to St Petersburg FL

Made the move down to Sarasota a few years back and could not be happier. Originally from Syracuse, spent some time in Westchester County and Long Island. As far as city recommendations, completely depends on your lifestyle and interests. Considering your love for walking and hiking, it may be worth...
by cjhud32
Sat Nov 25, 2017 11:51 am
Forum: Personal Investments
Topic: Sell or keep investment property?
Replies: 4
Views: 590

Sell or keep investment property?

I have an investment property due to employment relocation. Purchased new in 2008 for $180K and it will be paid off in 2018. Once paid off, expenses including tax/insurance run $300 per month. I have utilized a property management company to place tenants and arrange any repairs. Tenant turnover is ...
by cjhud32
Wed Oct 18, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Minimal insurance policy for manufactured home
Replies: 4
Views: 509

Re: Minimal insurance policy for manufactured home

Shopped multiple carriers with various agents. Manufactured (Mobile home) origination date is 1973. Even though it was updated in 2016 all insurance reverts back to that original date. Based on age and distance from the coast (5 miles) there isn't a carrier that was shopped that would cover dwelling...
by cjhud32
Tue Oct 17, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Minimal insurance policy for manufactured home
Replies: 4
Views: 509

Minimal insurance policy for manufactured home

My parents and I own a manufactured home in Florida that they were going to relocate into permanently in a year. During Irma the roof came off and had about $30,000 worth of damage, of which insurance will contribute the policy maximum of $15,000. Right now we had enough to fix to pre-storm state. A...
by cjhud32
Wed Oct 04, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Where/when to get good deals on athletic shoes
Replies: 24
Views: 2061

Re: Where/when to get good deals on athletic shoes

If you don't mind ordering online, Eastbay, Final Score. If it is sport-specific footwear, order after the season if you can wait. For example, try to avoid purchasing basketball sneakers before or during basketball season. Try to hold off and get those in the spring. I'm 39 now and have been doing ...
by cjhud32
Mon Aug 07, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Home Security System with/without monitoring
Replies: 40
Views: 7279

Re: Home Security System with/without monitoring

I have had a management position in this industry for over eight years now. Feel free to send me a private message for more detail. Some good advice above that I've read through here, but some incorrect advice as well. To answer the initial question, you would not be able to find a security system t...
by cjhud32
Fri Jul 21, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Lexus to Camry, invest difference
Replies: 30
Views: 3771

Lexus to Camry, invest difference

Background: Purchased Lexus in 2016, in December of this year will have owned for two years with three remaining on note. Owe $24,000, Blue book has value around $29,000. Just hit 20,000 miles. Enjoy the Lexus, beautiful vehicle, but it's just too nice for me. It's hard to explain, but I'm always wo...
by cjhud32
Wed Jun 28, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage pre-authorization
Replies: 7
Views: 1092

Mortgage pre-authorization

I am going to be relocating in approximately one year, could be a few months sooner/later. I was curious as to the benefit or need of getting pre-authorization for a mortgage. I recently was told this would be a benefit to me, but never even really thought about it due to the length of time before I...
by cjhud32
Sat Jun 10, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: New career, help with current portfolio
Replies: 1
Views: 450

New career, help with current portfolio

I'll be transitioning into a new career and the employer offers a match of 5% which I will be taking advantage of (Fidelity). My question is what to do with my current Vanguard portfolio which holds approximately 60/40 (age in bonds). Taxable: VTSAX: Vanguard Total Stock Market Index Fund Admiral Sh...
by cjhud32
Wed May 10, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Account
Replies: 9
Views: 2684

Vanguard Brokerage Account

Forgive me if this has been addressed, but I could not locate any posting. Upon logging into my Vanguard account, I was prompted "transitioning my mutual fund account to a Vanguard Brokerage Account". It stated this this gives a simple, more flexible way to manage all investments while gaining acces...
by cjhud32
Mon Jan 30, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: anyone have Blink Security system?
Replies: 13
Views: 2005

Re: anyone have Blink Security system?

Pretty pricy considering it is a "peek-in" camera. Motion activation, especially outside, just does not work well with these types of cameras. You can purchase a 4-channel DVR or NVR for approximately $250. This would give you full recording capabilities.
by cjhud32
Tue Dec 27, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Bought a house for 560k in 2007
Replies: 73
Views: 11503

Re: Bought a house for 560k in 2007

I ran into a similar situation in 2008. Tried to be a landlord and that just did not work. Have you thought about using a property management company to serve as your landlord? Yes, less money coming in each month but the best decision I made. Takes the work out of it for you and you can wait until ...
by cjhud32
Fri Dec 09, 2016 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: ADT raising rates - should I cancel?
Replies: 19
Views: 10642

Re: ADT raising rates - should I cancel?

This is an industry that I have been in a senior management position for over the past eight years. If you like your current service with ADT, do not call them and argue the price increase. Instead, call and say that you are going to switch companies. When you do this, they will lower your monthly r...
by cjhud32
Wed Nov 09, 2016 7:21 am
Forum: Investing - Theory, News & General
Topic: US index
Replies: 8
Views: 1600

Re: US index

fpr4 wrote:I was thinking exact opposite. When it bottoms out today, I was thinking of shifting a large portion of my portfolio to an S&P Index.

I'm joking (sort of).

If you sell today, you're gonna take a bath.
Well, then the reverse would be considering exactly what you said. When it bottoms out, buy low.
by cjhud32
Wed Nov 09, 2016 6:40 am
Forum: Investing - Theory, News & General
Topic: US index
Replies: 8
Views: 1600

US index

I get that it is market timing. I get that it is not staying the course. But I was just curious if given the election results if anyone else is at least considering selling some of their US index in their taxable account? Possibly allocate some of it to international? Possibly hold in cash and buy h...
by cjhud32
Mon Oct 03, 2016 7:04 pm
Forum: Personal Consumer Issues
Topic: Simplisafe Home Security System
Replies: 55
Views: 9497

Re: Simplisafe Home Security System

Feel free to direct message me for specific detail as I tried to remain unbiased below. I've been working in the field for 8+ years and can give some suggestions. Two quick points: the purchaser is installing their own equipment meaning that person bears the liability. If somebody happens to break i...
by cjhud32
Mon Aug 08, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: A lawyer and my will
Replies: 8
Views: 1297

A lawyer and my will

I've noticed some posts recently discussing wills, trusts, power of attorney, lawyers ... And since I'm single with no kids, its something that I Just have never thought of. There is a lawyer in my area who is very respected, so I set up a consolation with him. I have no will, but based on savings, ...
by cjhud32
Mon Jul 18, 2016 1:08 pm
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 4902

Re: Orlando Disney Parks

To add to that plan, I highly recommend Sea World. As someone who lives here, it's the only place I go due to the crowds. A few rides, some nice shows, thoroughly enjoyable time. As far as the other parks you mentioned, still a good plan. Just know that it's crowded and hot. May be tough on the kids...
by cjhud32
Wed Jul 13, 2016 6:07 pm
Forum: Personal Investments
Topic: Term Life
Replies: 4
Views: 878

Term Life

Just helped my father dump his cash value life insurance policy he had on me. He has been paying since 1996 and it was for only $50,000 coverage. This got me to thinking about myself. Currently do not have any life insurance, most likely because I am single (38 years old). Now dating someone with th...
by cjhud32
Mon Jul 11, 2016 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 43179

Re: Where were you financially when you were at 30?

My take: 38, Still single and enjoying it for the time being No consumer debt 1 car, recently purchased when the other died. Rode that as long as I could, and will do the same thing with the next. People say don't buy new but if you can make it last 10-15 years like I do, I think it can be wise. $30...
by cjhud32
Fri Jun 10, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Are Rentals As Bad As Some Make Them Out To Be?
Replies: 66
Views: 8980

Re: Are Rentals As Bad As Some Make Them Out To Be?

I am a landlord by default. Purchased in 2008, moved in 2010. For the first year I served as the landlord and although it wasn't a nightmare, it was not for me. Always worrying, always wondering what was going on. For the past five years I have had a property management company handle everything. Be...
by cjhud32
Wed May 11, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Tenant stops paying rent and refuses to show the house for prospective buyers
Replies: 43
Views: 13109

Re: Tenant stops paying rent and refuses to show the house for prospective buyers

Get a lawyer who specializes in the state where the property is located. Based on similar experience, once this is resolved my advice is to hire a property management company moving forward. Being an out of state landlord is a beast. With my arrangement the property manager receives 1/2 monthly rent...
by cjhud32
Sun May 01, 2016 7:53 pm
Forum: Personal Consumer Issues
Topic: Siesta Key later this month -recommendations
Replies: 16
Views: 2283

Re: Siesta Key later this month -recommendations

Live in Orlando but have a small place in Sarasota and go down once every month or so. Depends on how fancy/upscale. Marina Jack close to downtown Sarasota is right on the water, plenty of parking, and a nice place to go for a walk after dinner. If you want a nice drive down the coast (45-50 mins) b...
by cjhud32
Thu Apr 28, 2016 7:31 am
Forum: Personal Investments
Topic: Is changing career paths to make less money ever a smart move?
Replies: 26
Views: 3226

Re: Is changing career paths to make less money ever a smart move?

Really appreciate all of the feedback and advice. Didn't want to bore anyone with specific details in the original post and tried to condense it as much as possible. Based on some of the questions asked, here are some additional thoughts. Yes, I am pretty miserable with my current career and have ju...
by cjhud32
Wed Apr 27, 2016 12:38 pm
Forum: Personal Investments
Topic: Is changing career paths to make less money ever a smart move?
Replies: 26
Views: 3226

Is changing career paths to make less money ever a smart move?

Based on changes being made, I project my current company will be sold within 3-5 years. In the next year I will have an opportunity to move to an area I would like to live throughout retirement and begin a career I believe I will enjoy much more. When my current company is sold, I will not receive ...
by cjhud32
Thu Apr 14, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 22795

Re: When was the most stressful financial time in your life?

Getting laid off one year after purchasing my first home. Secured a position within a week, but in a different town forcing me to become a landlord overnight.
by cjhud32
Tue Mar 29, 2016 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance/warranty products do you consider a waste of money?
Replies: 64
Views: 6239

Re: What insurance/warranty products do you consider a waste of money?

Waste - extended warranty on televisions. One that has been phenomenal for me was washer/dryer 5 year extended warranty. From both an investment property and residential standpoint, I have had multiple repairs due to frequency of use and tenants. All for free with no trip charge.
by cjhud32
Mon Mar 28, 2016 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Life lessons: Making loans to friends. Insights? Revelations?
Replies: 191
Views: 25453

Re: Life lessons: Making loans to friends. Insights? Revelations?

Loaned money twice, not paid back twice. Luckily the total amount did not exceed $500. By the third time I just said no. The saying holds true, the hardest word to say is no. Since then I have been asked on two other occasions, once by my sister, and continue to say no. How did it play out with my s...
by cjhud32
Fri Mar 25, 2016 8:52 am
Forum: Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 12253

Re: Best & Worst Financial Decisions?

Worst: Purchasing my first home at 31 without first educating myself. I had no savings so I went with the zero down payment and 100 percent financing option.

Best: Same decision. Made me really start learning about finance so I wouldn't make the same mistake again.
by cjhud32
Tue Mar 22, 2016 5:59 pm
Forum: Investing - Theory, News & General
Topic: Investing for 18 year old?
Replies: 9
Views: 921

Investing for 18 year old?

For a high school graduation gift, I would like to open a Vanguard account for my niece and then contribute monthly into it on her behalf. Being that she will be a college student without an income, I believe that I cannot open an IRA for her and I must go taxable. I was thinking a Target Dated Fund...
by cjhud32
Fri Mar 18, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saved half of income last year - struggling to see the point
Replies: 62
Views: 13701

Re: Saved half of income last year - struggling to see the point

Congratulations! Strong work saving and even stronger work not noticing that you were doing it. If you're looking for a reason why, one word - Options. Saving like you do, and living like you do, opens up options that are simply not available if you are living paycheck to paycheck. That is a phenom...
by cjhud32
Wed Mar 16, 2016 7:00 pm
Forum: Personal Consumer Issues
Topic: Anyone living in a retirement/55+ community?
Replies: 44
Views: 7860

Re: Anyone living in a retirement/55+ community?

Depends on the area. I am only 38 but my grandfather left me his place when he passed many years ago. I live and work in Orlando but go over about once a month to check on the place. I'm more happy there in a 800 square foot mobile home than I am in a 2200 sq. foot condo. I go down to the pool, play...
by cjhud32
Sun Mar 13, 2016 4:54 pm
Forum: Investing - Theory, News & General
Topic: Wellington/Total US Index overlap?
Replies: 9
Views: 1615

Wellington/Total US Index overlap?

Earlier today I was explaining the three fund portfolio to my niece who I am helping to get started early (19). While my core holdings are the three fund portfolio, I also have a percentage of Wellington in my IRA. I continue to hold it as it was the first fund which got me started with investing, b...
by cjhud32
Tue Mar 01, 2016 10:25 am
Forum: Personal Investments
Topic: Diversify further?
Replies: 9
Views: 827

Re: Diversify further?

Thank you all for your input, it is greatly appreciated. I have updated my original post as per lafders suggestion to give a little more insight as to where I stand, but my original question was answered very thoroughly. Thank you for that; it's just one of the many reasons I direct those in my life...
by cjhud32
Tue Mar 01, 2016 8:32 am
Forum: Personal Investments
Topic: Diversify further?
Replies: 9
Views: 827

Diversify further?

Long time reader, occasional poster but have a question regarding diversification. Firm believer in the three fund portfolio with the exception being I utilize Treasury direct for my bond allocation. Also have a decent percentage of Wellington in a Traditional IRA, something I just see myself keepin...