Search found 939 matches

by jackholloway
Sun Sep 09, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 38
Views: 3932

Re: Is anyone using a bill paying service?

To tie up the loose end, the relative eventually found a bookkeeper in need of a side gig. A couple hours a month, and everyone was happy. The bookkeeper billed separately for “opening your envelopes and trashing junk mail” and “tracking and paying”, in hopes that they would not just dump a shoebox ...
by jackholloway
Sun Sep 09, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7984

Re: My daughter's inheritance.

I would suggest just putting it all in a treasury fund, or bank cds across five banks (for fdic insurance) until you get your plans together. You may miss a few percent in gains, but you will not lose anything, and you can then become comfortable with your plan. This can take six months or a year - ...
by jackholloway
Thu May 17, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 52680

Re: What's the ideal safe retirement net worth target?

When people say things like "25x investable assets" is that before tax or after tax? The tax on standard IRA withdrawls could be considerable in high tax states. Do I count them at 65% of their value for this purpose? You won't pay 35% effective tax on your IRA withdrawals. Unless you're withdrawin...
by jackholloway
Thu Apr 19, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 17261

Re: Is Los Angeles a good place long term to live financially?

I have lived in southern California for many years. All the things you seek can be had here, even at 100k/yr, if you are willing to drive a bit. To live well out here, you may need a serious shot of motivation to get into one of those top b-schools, and then to get one of those jobs that such a scho...
by jackholloway
Thu Apr 19, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3980

Re: Good Dad, Bad Dad [pay for son's driving expenses (or not)]

I lived on campus. Present day room and board is about 17-18k a year at my alma matar. Few cars I would consider buying for a kid cost that much, even with insurance and gas included. It is reasonable to get him a car, and it is reasonable to have him live on campus. Before you decide that taking pu...
by jackholloway
Sun Apr 08, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: New faster DNS - 1.1.1.1 by CloudFlare
Replies: 97
Views: 8699

Re: New faster DNS - 1.1.1.1 by CloudFlare

Both install and info just scroll down to instructions on how to set up DNS.

As far as the tired aphorism about being the product, I offer Cory Doctorow’s comment at https://mobile.twitter.com/doctorow/sta ... 3273364481
by jackholloway
Wed Apr 04, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 17822

Re: What can we learn from secret millionaires.

Is that median or mean? I have been to and know many people in Ireland, and it does not seem to be a wealthier median than the US.
by jackholloway
Thu Mar 22, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: Cookware Brands - Demeyere?
Replies: 43
Views: 4165

Re: Cookware Brands - Demeyere?

Love my all-clad
by jackholloway
Wed Mar 14, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 38
Views: 3932

Is anyone using a bill paying service?

An elderly relative in California would benefit greatly from someone taking their bills, sending out checks, and debit a bank account. Is anyone use one of those bill paying service is? I found an article about one called Silver Bills - it’s about 100 bucks a month and sounds like the right thing, b...
by jackholloway
Thu Mar 08, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 5291

Re: Consumer Reports Auto Issue Out now

But what about Jeeps and Land Rovers? Why do people buy these stinkers? Because a modern Fiat is more reliable than the average car just 10 years ago. I believe that, but still, wouldn't you want to buy something that is at least average in reliability by today's standards? Think about how much eve...
by jackholloway
Thu Mar 08, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: Is this too much for a kitchen?
Replies: 69
Views: 7399

Re: Is this too much for a kitchen?

I got bids ranging from 30 to 60 for a kitchen remodel. That number seems in the zone for the amount of work.
by jackholloway
Thu Mar 08, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Unused 529 account?
Replies: 13
Views: 1423

Re: Unused 529 account?

Yes I had assumed that she could use it for graduate school since anyone could use it for graduate school--I went to grad school myself not long ago, and I could have used the money. So--not sure about the tax-free withdrawal "expiring" because of her scholarship. That doesn't make sense to me--I t...
by jackholloway
Sun Mar 04, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Flying Frontier- Heads Up
Replies: 21
Views: 2785

Re: Flying Frontier- Heads Up

I picked Southwest over Frontier for a trip in the next few months entirely because Southwest knows how to run an airline. Frontier used to be my favorite airline and now I think I might rather walk. As a friend put it, “I am flying the best seat on the worst airline in the sky”. Ryan Air is a speci...
by jackholloway
Sat Feb 24, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited stocks, what would you do?
Replies: 20
Views: 2001

Re: Inherited stocks, what would you do?

I cannot say what you should do, just what I did do. I transferred all the stocks in traditional brokerages to vanguard, then sold. All stocks at compushare, I retitled, then sold for cash that I used to buy mutual funds.
by jackholloway
Sun Jan 07, 2018 3:12 am
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 10387

Re: How much are you putting in a 529?

My strategy was fairly simple - my parents funded a rather expensive private school, so I wanted to have the same capability for my child if life treated me well. If it treated me well enough, I wanted to insure she could get through a state school without debt. I also wanted to make sure I had cove...
by jackholloway
Mon Jan 01, 2018 3:26 am
Forum: Personal Finance (Not Investing)
Topic: Did you get an Unexpected Year End Bonus because of the Tax Cut?
Replies: 44
Views: 3767

Re: Did you get an Unexpected Year End Bonus because of the Tax Cut?

Nope. None of my personal friends got unexpected bonuses, and many of expect notable tax and health insurance price increases in 2018. I know a few people at the companies that announced the bonuses also got surprise layoffs this last week. I keep getting reminded that no job is truly safe. For thos...
by jackholloway
Thu Dec 21, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 9020

Re: New job offer - background check

You have nothing to come clean about in 5his inquiry - you are confirming that your provisional offer has passed all the needed checks to be a nonprovisional offer, nothing more.
by jackholloway
Sat Dec 16, 2017 2:56 am
Forum: Investing - Help with Personal Investments
Topic: What happened to Bridgeway???
Replies: 14
Views: 1750

Re: What happened to Bridgeway???

I am forgiving on this one. Typical dividends for large cap funds have been running a few percent, and even knowing it is distribution time, I could see not making the connection between the typical 2-3% for most I own funds and ZOMG 14%!
by jackholloway
Wed Dec 06, 2017 12:51 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 4322

Re: Philanthropy and related issues

One actionable suggestion: see if there is a forcing function in your life. I have a few - I have a charitable giving match at work, I read the financials at my congregation and thus know the “cost per member” to support the place, and we have set a charitable giving target from each paycheck. Any o...
by jackholloway
Wed Dec 06, 2017 12:40 am
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6754

Re: It's that time of year again... buying christmas gifts

I love both buying and giving gifts, but I would be uncomfortable getting an actual gift from an employee. I usually give my dozen-and-change member team small LEGO sets, or luxury chocolate bars, or some cookies at various times during the year, but they are clearly on the thinking-of-you levels, n...
by jackholloway
Mon Nov 27, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36410

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I do not As someone upthread mentioned, many of us have this as a hobby. We would no more pay an ongoing fee than someone whose hobby is auto restoration would pay a body shop to buff out a dent. They might, though, pay a body shop to use an expensive tool, or to provide one-off expert advice on a n...
by jackholloway
Thu Nov 23, 2017 2:17 am
Forum: Personal Consumer Issues
Topic: How do I sell silver coins?
Replies: 13
Views: 2133

Re: How do I sell silver coins?

The coin community forum is also pretty useful. I have bought and sold a few coins through APMEX, but I do not consider myself a coin investor or collector. Once you know how to grade your coins or where the value in your collection lies, a local coin store can also work, but you should go in knowin...
by jackholloway
Tue Sep 26, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 55
Views: 5943

Re: 20% Down Payment Sub-optimal?

Based on the recent past, the markets grow faster than home prices, so why not leverage and borrow to invest in the market? Because the recent past is not all the psast. We might see flat or negative returns. Similarly, home prices go up over the long term, but whether they will over the next few ye...
by jackholloway
Fri Sep 22, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: 1099 employees how do you mentally handle taking time off?
Replies: 25
Views: 1798

Re: 1099 employees how do you mentally handle taking time off?

I had a spreadsheet where I tracked hours worked and money earned. It had a row for the hours above 40/week less three weeks vacation and a week of sick time, or roughly 1860 hrs/yr. That amount accumulated until I billed less than 38 hours, when I took some out. If the account had money, I could af...
by jackholloway
Sat Sep 02, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Speaks Softly but Carries a Big Stick
Replies: 29
Views: 4028

Re: Vanguard Speaks Softly but Carries a Big Stick

Agreed. This is disturbing development. Political activists at VG pushing their Global warming and no doubt bathroom policies on public companies. This isn't passive investing anymore, but political campaigning. I am a fan of this direction by vanguard. At some point, if you do not do basic societa...
by jackholloway
Mon Aug 07, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: CC strategy for Europe flight next summer
Replies: 19
Views: 1848

Re: CC strategy for Europe flight next summer

Flyertalk excels at this kind of card gaming. There is a learning curve, which I have barely started.
by jackholloway
Sat Jul 15, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving California, will I be taxed?
Replies: 11
Views: 1743

Re: Leaving California, will I be taxed?

The compensation angle can be interesting. If you were given restricted stock units that vest over some year - 3-5 is common - while you worked here, CA figures it is owed a piece of those.
by jackholloway
Fri Jun 16, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Is anyone using Android Auto/Apple Carplay as their NAVI?
Replies: 5
Views: 1021

Re: Is anyone using Android Auto/Apple Carplay as their NAVI?

I love CarPlay, and selected my present car partially based on the info system.
by jackholloway
Tue Jun 13, 2017 1:19 am
Forum: Personal Consumer Issues
Topic: which IPAD?
Replies: 48
Views: 5545

Re: which IPAD?

I bought a 10.5 iPad Pro 512G with cell to replace a 12.1" that is too big. I have used pretty much all of them, including an original, a mini, and an air, and the iPad Air was a pretty good size for me.
by jackholloway
Sun Jun 04, 2017 2:34 am
Forum: Personal Consumer Issues
Topic: New iPad use
Replies: 34
Views: 4141

Re: New iPad use

My fave 4x iPad game is Starbase Orion - pretty classic MOO-clone. I shudder to imagine how many hours it has cost me.
by jackholloway
Tue May 30, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Not Another Payoff The Mortgage Thread....
Replies: 38
Views: 5322

Re: Not Another Payoff The Mortgage Thread....

I paid mine off when doing so would take <10% of my portfolio, but I paid an extra payment from the first, and never reduced my payment as refis reduced my rate. That reduced term from the initial 30 years to 15. That meant my competing needs to eliminate debt and to always invest over time while st...
by jackholloway
Thu May 25, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Sell high??
Replies: 8
Views: 1468

Re: Sell high??

Previous posters have it absolutely right. If you want a less risky asset allocation, then you absolutely should sell some stocks. If you are worried about the market being high and think you will freak out if it dropped, then you may be taking more risk than you want. Sell in that case too. Market ...
by jackholloway
Wed May 24, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 41
Views: 7850

Re: I admit, I give up [need strategy for getting back in]

I am going to be a contrarian here. Consider paying off your 700k mortgage, setting up an auto invest for the former value of your house payment, and taking the remaining 300k and putting it in a target date or life strategy fund. You will be amazed at how fast money rolls in once you are not paying...
by jackholloway
Sat May 20, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 13515

Re: Question for you high net worth individuals...

No RE aside from my residence. I do not need a second career or investments that occasionally ring me up.

Go to biggerpockets for the other side. I have many coworkers who do invest in RE and like it.
by jackholloway
Thu Apr 27, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: co-worker had a baby, chipping in on gift- how much?
Replies: 57
Views: 7860

Re: co-worker had a baby, chipping in on gift- how much?

I would not have a problem with $20 for the kids of the fifty-ish people who work for my immediate boss. I might not donate for the larger org.

I would actually put some thought in for the dozen people I know well and care about.
by jackholloway
Tue Apr 18, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 42229

Re: Tesla Model 3 or Chevy Bolt?

Personally I see it as a charging issue. Why would I want to buy a Bolt or any electric car for that matter that I couldn't even drive long distance. It's like buying an expensive but very defective car. Not being able to drive 200+ miles on charge is defective in the same ways as not being able to...
by jackholloway
Sat Apr 15, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 113
Views: 8222

Re: Require Access to School Records?

When I was in school in the late eighties, the college mailed both midterm and final grades, plus interim status reports when grades put scholarships at risk. This seems eminently fair, and the easy way to avoid it is to pay yourself. Medical info required separate authorization, but since my parent...
by jackholloway
Fri Apr 14, 2017 7:56 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 4939

Re: Cost Creep and Teen and College Years

My daughter's sport costs $200 a month, and music runs $300 a month. There are other expenses, but those are the big ones.
by jackholloway
Sun Apr 09, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Is anyone using Apple CarPlay? My preferred car company isn't...
Replies: 33
Views: 3491

Re: Is anyone using Apple CarPlay? My preferred car company isn't...

I love CarPlay and would not buy a car without it now. A new head unit might be a way to add it post purchase, but I like the stock head units on the high end cars I have driven.
by jackholloway
Fri Apr 07, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 12988

Re: How does one determine their "number" and what exactly does it mean?

My plan was as follows We have tracked our expenses across fifty categories for over a decade. We know what we spend. I divide those into baseline, which we would shift to if I lost my job, good life which is the lifestyle I want indefinitely, and luxury that I spend, but look at as a luxury. I pick...
by jackholloway
Fri Apr 07, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 12988

Re: How does one determine their "number" and what exactly does it mean?

I just finished reading Jim Otar''s book, Unveiling The Retirement Myth. It is a highly recommended book, and I found it very worthwhile. He had an interesting chapter about reaching "your number." Once you reach "your number" you can take any reasonable withdrawal strategy and be likely to come ou...
by jackholloway
Sun Apr 02, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 9691

Re: Weird house buying experience

Part of what went into the original price was the builder list price. Finding out that the provided data was off by a hundred bucks is a change, and deserves appropriate consideration. I would consider it 100:50,000, and act accordingly. If the OP is like most buyers, they got a pretty good sample o...
by jackholloway
Sat Mar 25, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: How do you use a trust to buy a house?
Replies: 4
Views: 1068

Re: How do you use a trust to buy a house?

Now that the dust has settled, I wanted to update the thread with the end result. In short, he leased a place for a year while waiting for the home sale, but he was unclear on contingent offers. Thanks to all who replied - once I said "contingent offer" and "lease until you have assets", he told me ...
by jackholloway
Sun Mar 19, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: New job for DW; what to do with her 401(k)
Replies: 5
Views: 698

Re: New job for DW; what to do with her 401(k)

If it was a bad 401(k), you would want to move. It looks like both are pretty good. I would just keep her old one for a little while will you make sure that your 401(k) options won't change - say, for a year or two, then re-evaluate.
by jackholloway
Fri Mar 17, 2017 1:28 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 13074

Re: Anyone else taking less risk

A bit, but not because of current conditions, more because of a spot of luck. I was at 70/30 some years back, then went to 65/35 after getting an inheritance that accelerated my FI timetable. I real8zed that I wanted to be a bit more cautious as I approach my number, so we have a 60/40 AA, plus 4 ye...
by jackholloway
Tue Mar 14, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: VIIIX at 0.02% + fees or Taxable VFIAX at 0.05% (plus taxes)
Replies: 14
Views: 1488

Re: VIIIX at 1.02% or Taxable VFIAX at 0.05% (plus taxes)

After I received the info on fees and charges, I noticed T. Rowe Price charges an additional 0.2 to 1% per year, making expenses to about 0.22% - 1.02% a year. It is pretty high. What does 0.2 to 1% mean? Is it different for different funds? List all the funds available and their total expense rati...
by jackholloway
Wed Mar 08, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: When & how much to donate?
Replies: 108
Views: 9666

Re: When & how much to donate?

Starting a few years back, we picked a spending level and put everything above that aside. Half of every raise goes to increased spending, and the rest is socked away too. Charity is part of budgeted spending - currently around 4.3%, which is lower than we would like - we would prefer closer to 10%....
by jackholloway
Mon Mar 06, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: How do you use a trust to buy a house?
Replies: 4
Views: 1068

How do you use a trust to buy a house?

A friend has a trust that will be funded by the sale of a house. (The trust was created by his spouse's will.) The trust terms allow covering expenses, and principal can be removed from the trust to purchase property. He wants to buy a house. The seller is concerned about his lack of income or salar...
by jackholloway
Thu Mar 02, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 6301

Re: Social Security Taxes going up for some in 2017

It may be normal, but it hits a lot more people than you think. When you add up base + bonus + RSUs, even new grad software engineers will be hit (for example), at least in high cost areas like Silicon Valley and NYC. And I would counsel any new grad that caps social security to be ecstatic at thei...
by jackholloway
Sun Jan 29, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Input on Apple Watch-Buy or Not?
Replies: 64
Views: 5588

Re: Input on Apple Watch-Buy or Not?

I like my Apple Watch a fair amount. It let's me take my phone out less often. Given that I have a job that wants fairly constant contact during the workday, this is a boon.