Search found 155 matches

by jriding
Fri Sep 13, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Best Triathlon Bike?
Replies: 32
Views: 2682

Re: Best Triathlon Bike?

Fit is much more important than brand. Go to a few local bike shops and find a bike that feels and looks good. Then get a professional bike fit. Proper fit is critical for triathletes.
by jriding
Thu Aug 08, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 116
Views: 22751

Re: good cash reward credit card

Alliant credit union has 3% cash back on everything. It does have a 100$ annual fee which is waived off the first year. You break even at 20,000$ annual expense compared to no annual fee 2% back cards. Tom The Alliant Signature Visa is my go-to card. Note that the 3% cash back is for the first year...
by jriding
Tue Jul 02, 2019 10:53 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1027
Views: 139572

Re: Post your Financial Milestone Announcements Here

Savings/Mortgage Milestone - for the first time my savings account balance exceeds my mortgage balance (~$20k). Just knowing that I could payoff the mortgage anytime is a great feeling!
by jriding
Tue Jun 11, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2209

Re: Sudden Debt - best strategy to pay off? (30k total)

It does not sound to me like she is as emotionally invested in this process as you are. This dynamic will strain your relationship in the long term. Sit down with her and make a plan together, sharing the financial and emotional costs as equally as possible. Establishing an equitable dynamic early i...
by jriding
Mon May 13, 2019 2:59 pm
Forum: Personal Investments
Topic: Does our adviser hate us - Brokerage Account help please
Replies: 27
Views: 2663

Re: Does our adviser hate us - Brokerage Account help please

You've gotten some excellent advice here. I am curious, is your adviser part of a large national firm or a small locally owned shop? I don't want to derail your thread so will leave the reason for my question for a separate thread.
by jriding
Thu Apr 18, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 17881

Re: Do not use Personal Capital

I decided to try Personal Capital, but thanks to this thread I am re-thinking continuing, or at least only using manual accounts ( have only linked a couple of my accounts to it). In the 2 weeks since I started am account, I first received a text asking if I wanted to talk to them. I replied no tha...
by jriding
Thu Apr 18, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2392

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I have been using lastpass for 2-3 years. It is only 12 buck a year which really reasonable given how easy it has made to add 2FA plus creating strong passwords. It is available on all devices, sync up easily, allows me to use various 2FA tools such as google authenticator, yubikey etc. Autofill wo...
by jriding
Sun Apr 07, 2019 8:59 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

Closing out this thread with the final verdict: The grandparents are going to gift the money to the parents and the parents are going to fund existing or new 529s for each of the grandkids.

Best possible outcome I think. I appreciate everyone's input, I learned a lot!
by jriding
Sun Apr 07, 2019 3:23 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

Thank you bilperk and NotWhoYouThink, your input is very much appreciated!
by jriding
Sun Apr 07, 2019 9:38 am
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

Thinking about my BIL's family that will likely be eligible for need-based financial aid: If the grandparents gift the parents $10k and the parents immediately use that money to pay grandkids tuition, how does FAFSA treat that gift? My understanding is that the FAFSA doesn't count gifts to the paren...
by jriding
Sat Apr 06, 2019 4:59 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

What is a pro for one family may be a con for the other family. We have 5 kids, with relatively low income. For our oldest kids, we easily qualified for zero EFC. Funding 529 accounts would have been counterproductive - the balance might have cut their aid, and even though there is a state tax cred...
by jriding
Sat Apr 06, 2019 4:52 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

Regarding Option 3: From "Workarounds for Grandparent-owned 529 Plans" “The grandparent can wait until after January 1 of the beneficiary's sophomore year in college to take a distribution. Since the FAFSA uses the prior-prior year for income and tax information, there will be no subsequent year's ...
by jriding
Sat Apr 06, 2019 4:51 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

Option 3 (possible pro): does Colorado provide a state tax deduction if the grandparents setup a 529? Option 4 (con): parents' increased assets count against financial aid (~5.6% per year). Thanks BigDog. The grandparents are not in a state with a 529 income tax deduction. However if they gift the ...
by jriding
Sat Apr 06, 2019 4:46 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

I don’t think it is safe to assume that grandparents who are willing and able to write a check for a 17 year-old grandchild today will be in the same position to do so for their now 7-year-old grandchild in 10+ years. Yeah....how would you take that into account for planning? Do you assume the $10,...
by jriding
Sat Apr 06, 2019 4:42 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

Do grandparents have any existing EE bonds? If so, I would use these and avoid all this complexity. Basically has all the pros and no cons. Also, I believe that FAFSA is still 2 years in arrears when it looks at your income, so doesn't this mean you could qualify for financial aid for the first few...
by jriding
Fri Apr 05, 2019 2:49 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

I gift to my children with the general understanding that they'll add it to their 529 plans for their children, my grandchildren. I think they mostly do that, but it's a gift so I don't think it's right to check on that. They're all responsible adults. If they weren't I might choose some other appr...
by jriding
Fri Apr 05, 2019 2:44 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

What my mom does for my older son in college now: Gets a bank check made out to the college and mails it to me. I have my son bring it to the Bursar's office to apply to his bill. Son directly sees his grandmother's generosity. My mom doesn't eat into her gift allowance for the year (direct payment...
by jriding
Fri Apr 05, 2019 2:43 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

HomeStretch wrote:
Fri Apr 05, 2019 12:37 pm
If grandparents perceive there is too much risk to gift $10k to each child’s 529 account today, then the easiest way might be for the grandparents to pay $10k directly to the college when student receives 1st year tuition bill.
That's a good idea HomeStretch, I will suggest that, thanks.
by jriding
Fri Apr 05, 2019 12:10 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Re: Grandparents gifting options for grandkids college

The best option is one that puts the money under your control today. There is no guarantee that grandparents won't change their mind later, and if the money is not under your control, it can not be given in the future. Most grandparents are really enamoured with grandkids when they are little and g...
by jriding
Fri Apr 05, 2019 11:44 am
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3416

Grandparents gifting options for grandkids college

My in-laws have very generously offered to contribute $10,000 to each of their grandkids post-secondary education expenses. They asked for my input on the best way to gift the money. I am seeking the forum's input on my analysis. I have reviewed several past Boglehead posts on this topic and tried t...
by jriding
Fri Mar 29, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Crossroad of what to do next?
Replies: 54
Views: 4713

Re: Crossroad of what to do next?

I have not read the entire thread so apologies if this is already addressed:
If you have a high deductible insurance plan, consider maxing HSA contributions and treating it as another retirement account. The HSA has greater tax advantages than any of your other retirement accounts.
by jriding
Fri Mar 29, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 9991

Re: Failed land investments and what to do with it?

Do you own mineral rights? Make sure there aren't any extraction activities (i.e. oil wells) moving your way.
by jriding
Wed Mar 27, 2019 5:00 pm
Forum: Personal Investments
Topic: How much should I pay for a financial advisor?
Replies: 27
Views: 1933

Re: How much should I pay for a financial advisor?

OP may be trolling.
Read the Wiki, then return with your questions:
https://www.bogleheads.org/wiki/Boglehe ... art-up_kit
by jriding
Thu Feb 14, 2019 4:55 pm
Forum: Personal Investments
Topic: Girlfriend's Financial Advisor Recommendations...
Replies: 63
Views: 8312

Re: Girlfriend's Financial Advisor Recommendations...

Maybe I am misreading your post, but are Fidelity funds an option? If so perhaps she can ask her adviser about equivalent cheaper alternatives at Fidelity. I agree with the other posters - show her how to do compounding returns AND cost math.
by jriding
Mon Jan 28, 2019 4:54 pm
Forum: Personal Investments
Topic: TransAmerica 401K Recommendations
Replies: 10
Views: 687

Re: TransAmerica 401K Recommendations

Target Date Retirement funds in IRA and 401(k).
Low cost simplicity for the win.
by jriding
Thu Jan 17, 2019 9:53 am
Forum: Personal Investments
Topic: Preparing for modest early retirement in 5yrs. Questions & Feedback.
Replies: 36
Views: 2548

Re: Preparing for modest early retirement in 5yrs. Questions & Feedback.

Current portfolio 723k. Will add another 85k+/yr for 5 more years. Bond 11.63% Int Stock 10.76% Liquid (no penalty CD) 13.83% Target Date 2035 8.10% TIAA Traditional 3.16% US Stock 52.52% Not included above. HSA 7k If you intend to use the HSA account as part of retirement, I would recommend includ...
by jriding
Wed Jan 16, 2019 6:14 pm
Forum: Personal Investments
Topic: Preparing for modest early retirement in 5yrs. Questions & Feedback.
Replies: 36
Views: 2548

Re: Preparing for modest early retirement in 5yrs. Questions & Feedback.

... Not included above. HSA 7k 529s 67k & 58k (DW could stay at university for 1/2 price tuition, if necessary). Future Contributions (next 5 years) Her 457 19k/yr Her 403b 19k/yr Her Defined Contribution 15k/yr His 457 19k/yr His 401k 0k/yr His Roth 6k/yr Her Roth 6k/yr Total 420k over 5 years. Qu...
by jriding
Wed Jan 16, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 53
Views: 6034

Re: Netflix Recommendations

Stranger Things
The Office
Planet Earth
Blue Planet
by jriding
Tue Jan 15, 2019 6:20 pm
Forum: Personal Investments
Topic: Retirement accounts maxed out, what to do with extra cash?
Replies: 32
Views: 2220

Re: Retirement accounts maxed out, what to do with extra cash?

You don't mention an HSA in your list of tax advantaged accounts. If you have access to an HSA you can treat that as another retirement account. I reached the point you are currently in several ago where all of my tax advantaged space was maxed and I was wondering what to do with extra cash. I ende...
by jriding
Tue Jan 15, 2019 5:09 pm
Forum: Personal Investments
Topic: Retirement accounts maxed out, what to do with extra cash?
Replies: 32
Views: 2220

Re: Retirement accounts maxed out, what to do with extra cash?

You don't mention an HSA in your list of tax advantaged accounts. If you have access to an HSA you can treat that as another retirement account. I reached the point you are currently in several ago where all of my tax advantaged space was maxed and I was wondering what to do with extra cash. I ended...
by jriding
Mon Dec 17, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-paying mortgage only in early years
Replies: 51
Views: 3839

Re: Pre-paying mortgage only in early years

I am wrestling with this question right now too. I am 6 years into a 30 year fixed rate mortgage 3.125%. Total balance due $151,750 and payments of $750/month. With the standard deduction rising my mortgage interest is no longer deductible. Beginning in January I am looking at: A. Investing $1500-$...
by jriding
Fri Dec 14, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: New PenFed 2% Savings Account
Replies: 13
Views: 1595

Re: New PenFed 2% Savings Account

My standard no frills Alliant savings account is 2%.
by jriding
Tue Dec 04, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: credit cards
Replies: 13
Views: 1294

Re: credit cards

Alliant Signature Visa. 3% back on all purchases the first year and 2.5% thereafter. $59 annual fee that I think is waived the first year.
by jriding
Thu Nov 29, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Small Company- Negotiating Compensation
Replies: 32
Views: 2384

Re: Small Company- Negotiating Compensation

Broadway - if you will be commuting to a large city where rush hour will extend commute time, consider asking if they would allow flexible work hours, i.e. 7am-4pm. When I was commuting to a large city I was allowed to work 6am-3pm, significantly decreasing drive time and stress.
by jriding
Wed Nov 28, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Small Company- Negotiating Compensation
Replies: 32
Views: 2384

Re: Small Company- Negotiating Compensation

I used to commute one hour each way 5 days/week, but now work from home full time. I agree with folks that the commute will significantly reduce your quality of life. I don't think I would trade a 10 hr weekly commute vs working from home for 2x current salary. Have you communicated your desire to c...
by jriding
Thu Nov 15, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant CU Signature Card
Replies: 6
Views: 607

Re: Alliant CU Signature Card

I am ~14 months into my Alliant Signature Card and plan to keep it as our primary card. Occasionally we will take advantage of travel reward card bonuses (i.e. Southwest 60,000 mile bonus) but otherwise it all goes on the Alliant card.
by jriding
Wed Oct 31, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy
Replies: 30
Views: 2512

Re: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy

The expense ratios on the funds-of-funds, like Targe Retirement or LifeStrategy, are somewhat higher than if you did it yourself (about $1,000 on $1M of assets a year). I think it's worth it to keep me from messing around with things. I also find that I am less concerned on a day-to-day basis when ...
by jriding
Mon Oct 22, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard, Costco, Coursera...
Replies: 39
Views: 5695

Re: Vanguard, Costco, Coursera...

Alliant Credit Union + 2.5% cashback Visa
Sierra Trading Post (for discounted recreational supplies and clothing)
Local library and Prospector service that extends local library reach to most libraries in the state
My kids for inexpensive lawn service :-)
+1 for Costco and Amazon
by jriding
Fri Sep 14, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Podcast Now Available - Bogleheads On Investing: Episode #1 with John C. Bogle
Replies: 69
Views: 10639

Re: Podcast Now Available - Bogleheads On Investing: Episode #1 with John C. Bogle

This is great! Please report back when the podcasts are available via subscription services (iTunes, Stitcher, etc).
by jriding
Fri Sep 14, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 3.125% 152k mortgage early?
Replies: 37
Views: 3467

Re: Pay off 3.125% 152k mortgage early?

After maxing out all of our tax-advantaged space we split the difference with leftover money each month: 50% to extra mortgage payments and 50% to taxable accounts.
by jriding
Tue Jul 24, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Cell phone tip: block callers
Replies: 50
Views: 7311

Re: Cell phone tip: block callers

The solution I use on my iPhone is pretty simple. In iOS if you turn on Do Not Disturb mode it will block all calls, however in the DND options you can set it to allow calls from anyone in your contact list even if DND is turned on. So all I did add everyone to my contact list that I would want to ...
by jriding
Mon Jul 23, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Cell phone tip: block callers
Replies: 50
Views: 7311

Re: Cell phone tip: block callers

The solution I use on my iPhone is pretty simple. In iOS if you turn on Do Not Disturb mode it will block all calls, however in the DND options you can set it to allow calls from anyone in your contact list even if DND is turned on. So all I did add everyone to my contact list that I would want to ...
by jriding
Tue Jul 03, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: IRS inquiry regarding backdoor Roth
Replies: 13
Views: 2649

Re: IRS inquiry regarding backdoor Roth

Your return may be exactly correct yet you get a letter due to an IRS mistake. It's happened to me and others here. My advice on dealing with it in another thread was this: What I have done is write a response to the CP2000 that says something to the effect of "We do not agree with any of the IRS-p...
by jriding
Mon Jul 02, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: IRS inquiry regarding backdoor Roth
Replies: 13
Views: 2649

Re: IRS inquiry regarding backdoor Roth

Okay, I did find some of those earlier threads. I should reiterate that my Turbo Tax generated 8606 looks exactly like The Finance Buff blog post I linked in the OP and my situation fits the form. I'm not sure what triggered the IRS letter. My TurboTax generated Form 8606 Line 8 is blank. But the IR...
by jriding
Mon Jul 02, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRS inquiry regarding backdoor Roth
Replies: 13
Views: 2649

Re: IRS inquiry regarding backdoor Roth

Do you have other tIRA accounts which have pretax money. If so, you do owe taxes. Dottie - I don't have any other tIRA accounts, so no pro rata concerns. I believe several people have received similar letters and posted about them here. Generally a letter of explanation resolves the issue with no t...
by jriding
Mon Jul 02, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRS inquiry regarding backdoor Roth
Replies: 13
Views: 2649

IRS inquiry regarding backdoor Roth

I recently received an inquiry from the IRS and I'm hoping for input on how I should respond. In 2016 I executed backdoor Roth conversions for me and DWs non-deductible IRA accounts. They were standard conversions and I filled out Form 8606 as I have for the past several years. -Both IRA accounts st...
by jriding
Wed Jun 13, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 3257

Re: Trade-up my $89 Walmart bike

I would advise against any kind of shock for the kind of riding you describe. It adds cost and weight for very little benefit if the roughest terrain consists of maintained gravel roads. You will get more benefit with a properly inflated (~40-50 psi) and wide (40 mm) gravel tire.
by jriding
Wed Jun 06, 2018 5:06 pm
Forum: Personal Investments
Topic: Beginner retirement portfolio question.
Replies: 15
Views: 1246

Re: Beginner retirement portfolio question.

The expense ratios of the Lifepath funds are very low. I second Livesoft's suggestion and recommend you go with one of those. My personal experience: I did the Ferri Core Four for several years. It was fine. Last year I switched to Target Date funds for the simplicity and haven't looked back. No mor...
by jriding
Tue May 15, 2018 10:11 am
Forum: Personal Investments
Topic: Where to invest after maxing out retirement?
Replies: 21
Views: 2572

Re: Where to invest after maxing out retirement?

If you're eligible for a Health Savings Account (HSA) you should be maxing annual contributions and treating it as another retirement account.
by jriding
Thu May 10, 2018 5:10 pm
Forum: Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 2463

Re: Investment Advice from Pension Fund Manager - Should I listen?

Most of us were once in your uncertain shoes. Jack Bogle's book, "The Little Book of Common Sense Investing" and this website set me on the right path.

https://www.amazon.com/Little-Book-Comm ... 0470102101