Search found 96 matches

by jsh84
Fri Nov 27, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve retention offer - was worth the effort
Replies: 30
Views: 4143

Re: Chase Sapphire Reserve retention offer - was worth the effort

I’ve called twice about canceling mine and plan to at the beginning of December. I havnt received any retention offers either.
by jsh84
Tue Nov 24, 2020 1:42 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

"I have been designing your investment strategy for the (large amount of cash brought over recently) and this is how I’d like to implement the strategy. Yes, I wish this could have been done a month ago as some of the small cap and value areas I am suggesting have made an impressive comeback.&...
by jsh84
Tue Nov 24, 2020 1:15 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

Yeah that is (both replies) my thoughts as well. I’m going to tell them (as they asked my advice) to just put it in VTI on their own and avoid thousands in fees and commissions. I don’t know the amount, but I’d guess this is upwards of 500k Hopefully they listen to you. This is the absolute best ad...
by jsh84
Tue Nov 24, 2020 12:06 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

You can test this out via Personal Capital. It would probably take you 25 minutes to setup. You can manually enter all the amounts then click on the AA to look into what they are really intending. I also think in about 15 seconds someone should be able to tell you the total fees for a portfolio, wh...
by jsh84
Tue Nov 24, 2020 11:58 am
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

First, I think the OP has provided grossly insufficient information for anyone to comment. Mostly all we're seeing here are the usual knee-jerk "you don't need an adviser" and "more than three funds are unnecessary" replies. The adviser makes a good point about what was this mon...
by jsh84
Tue Nov 24, 2020 8:46 am
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

good comments guys. I wasn't aware the FA has to choose either the AUM or the 12b-1 fees. I suspect the AUM will be substantially more lucrative (as the larger portfolio is also his).
by jsh84
Mon Nov 23, 2020 9:59 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

just learned that this FA is quoting "fees for new money of .65% AUM". I assume thats in addition to the fees attached to the funds themselves.
by jsh84
Mon Nov 23, 2020 9:35 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

The individual with the money to invest is retired. They shouldn't be 100% equities at all, but i'm not sure they nor the advisor know their true allocation. It's something i am (and have) advised finding out. I am willing to be there is no TLH happening either. Take a look at the 5.25% load on that...
by jsh84
Mon Nov 23, 2020 8:20 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

There’s nothing particularly bad about it. It cuts against our cherished principles of simplicity and avoiding AUM managers but your principal will be fairly safely spread across reasonably low-fee investments. At my random guess this asset allocation would track pretty close to a total market fund...
by jsh84
Mon Nov 23, 2020 7:33 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

This is the recommendation from a relatives financial advisor. Thoughts? From Advisor: I have been designing your investment strategy for the (large amount of cash brought over recently) and this is how I’d like to implement the strategy. This is bad. Can you get your relative away from that adviso...
by jsh84
Mon Nov 23, 2020 7:20 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

Give your relative this 16-page article to read and suggest that s/he invest according to its recommendations: https://www.etf.com/docs/IfYouCan.pdf Your relative can jump to page 14 if s he has a short attention span. And if s/he wants to be more or less aggressive, s/he can change the weights of ...
by jsh84
Mon Nov 23, 2020 6:39 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Re: Recommendations from financial advisor

Yeah that is (both replies) my thoughts as well. I’m going to tell them (as they asked my advice) to just put it in VTI on their own and avoid thousands in fees and commissions. I don’t know the amount, but I’d guess this is upwards of 500k
by jsh84
Mon Nov 23, 2020 6:33 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 57
Views: 4171

Recommendations from financial advisor

This is the recommendation from a relatives financial advisor. Thoughts? From Advisor: I have been designing your investment strategy for the (large amount of cash brought over recently) and this is how I’d like to implement the strategy. Yes, I wish this could have been done a month ago as some of ...
by jsh84
Fri Feb 28, 2020 10:39 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 519
Views: 48122

Re: The Calm Post - Stay the course thread.

I havn't done anything yet...does that make me a real Boglehead? or tough or something?

Edit: BH and other finance sites seem to be crashing lol.
by jsh84
Sun Jan 12, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2028
Views: 490409

Re: Share your net worth progression

I regret not keeping better track over the years, but I didn't really discover personal finance or the BH way until 2014. These numbers are for me and my spouse combined. I've had to guesstimate a few of the early years for NW and income as I don't have much from Mint or PC until about 2010ish. Date...
by jsh84
Wed Apr 17, 2019 6:50 pm
Forum: Personal Investments
Topic: Advice and direction for new 401k and fund options
Replies: 6
Views: 413

Re: Advice and direction for new 401k and fund options

Thanks, I think i'll stick with the S&P 500 option for now and get international and bonds elsewhere.
by jsh84
Wed Apr 17, 2019 2:52 pm
Forum: Personal Investments
Topic: Advice and direction for new 401k and fund options
Replies: 6
Views: 413

Re: Advice and direction for new 401k and fund options

I added the ERs that I could find.
by jsh84
Wed Apr 17, 2019 2:28 pm
Forum: Personal Investments
Topic: Advice and direction for new 401k and fund options
Replies: 6
Views: 413

Advice and direction for new 401k and fund options

My wife got a new job with a new 401k. I'd like to utilize low cost index funds of course, but some of these funds i'm not familiar with or aren't very obvious. Thoughts on these options? American Beacon Small Cap Value Fund R6 Class (.81%) American Funds EuroPacific Growth Fund® Class R-6 (.49) Bla...
by jsh84
Mon Mar 05, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What tax form for IRA re-characterization to Roth?
Replies: 4
Views: 327

Re: What tax form for IRA re-characterization to Roth?

Yes, contributing for 2017. Thank you
by jsh84
Mon Mar 05, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: What tax form for IRA re-characterization to Roth?
Replies: 4
Views: 327

What tax form for IRA re-characterization to Roth?

I feel like this is a simple thing, but for some reason its confusing me. In January of 2018 I accidently contributed to my Traditional IRA when I meant to contribute to my Roth IRA. I did a re-characterization of that contribution to a Roth IRA. I am now trying to file my taxes using H&R Block'...
by jsh84
Wed Jan 10, 2018 9:56 am
Forum: Personal Investments
Topic: Taxable Fidelity Account - FSTVX vs ITOT
Replies: 57
Views: 12830

Re: Taxable Fidelity Account - FSTVX vs ITOT

this doesn't matter inside a Roth account correct?
by jsh84
Wed Jan 10, 2018 6:57 am
Forum: Personal Investments
Topic: Taxable Fidelity Account - FSTVX vs ITOT
Replies: 57
Views: 12830

Re: Taxable Fidelity Account - FSTVX vs ITOT

maybe i'll just allocate future purchases to ITOT instead of FSTVX. I can safely redistribute FSTVX from within a Roth IRA though without penalties right?
by jsh84
Tue Jan 09, 2018 4:47 pm
Forum: Personal Investments
Topic: Taxable Fidelity Account - FSTVX vs ITOT
Replies: 57
Views: 12830

Re: Taxable Fidelity Account - FSTVX vs ITOT

I too have a fairly big chunk of my portfolio (taxable) in FSTVX...now I'm wondering how to handle it, or if I should at all. So does VTSAX or ITOT just not have capital gains at all? I own plenty of VTSAX as well, mostly in tax advantaged accounts though. Selling FSTVX would mean some decent capita...
by jsh84
Tue Dec 26, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 27476

Re: Do you see a meaningful change in your income with new Tax Bill?

looks like we'll save 4-6k depending on which calculator I try.
by jsh84
Sat Oct 14, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: GS Bank raised rate to 1.20%
Replies: 30
Views: 7032

Re: GS Bank raised rate to 1.20%

I'd expect Ally to bump theirs at some point this year....i hope.
by jsh84
Sun Sep 24, 2017 1:17 pm
Forum: Personal Investments
Topic: Portfolio / Goal Check-up
Replies: 2
Views: 602

Re: Portfolio / Goal Check-up

courtesy bump :happy
by jsh84
Wed Sep 20, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 24831

Re: Let's talk about your FI # and family income [Financial Independence]

I am impressed by the house incomes ($200K ~ $400K) posted here. Where are the average Joes? Yeah, this thread is depressing to me quite frankly, lol. My wife and I gross around 125-130k which I thought wasn't too bad until reading this, good gosh. I will have a pension if I choose to stay in game....
by jsh84
Sat Sep 16, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 24831

Re: Let's talk about your FI # and family income

EddyB wrote: Fri Sep 15, 2017 1:34 pm
Grt2bOutdoors wrote: Fri Sep 15, 2017 1:21 pm
3.5% at age 30? I'd think 2.5% if you wanted to be close to bulletproof.
You may be interested in listening to, to reading the transcript of, the interview with Michael Kitces here: http://www.madfientist.com/michael-kitces-interview/
Totally agree, great episode!
by jsh84
Sat Sep 16, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 24831

Re: Let's talk about your FI # and family income

There have always been a couple of challenges in answering this question for me (us). 1) Our income is variable. My spouse is essentially in commission only sales. Our income fluctuates a lot from year to year making estimates difficult. We can use an average yes, but its still not a guarantee. 2) W...
by jsh84
Fri Apr 14, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?
Replies: 63
Views: 11919

Re: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?

I did it last fall. There are some conditions. Obviously you have to have the cash to put in savings, then you have to keep that money in there for like 3 months. I moved the money back to my usual savings account, but i had to keep $300 in savings to avoid paying a monthly fee for the checking acco...
by jsh84
Fri Jan 20, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 116410

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Great news, Bogleheads! Yet another doctor with a website (Smart Money MD) has weighed in on the topic. Stealth Wealth Revisited -- This Applies to Doctors, Too! If you'd rather not click -- and I know many of you would rather not -- I'll share the comment I left here, which was partially shaped by...
by jsh84
Mon Jan 09, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 116410

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Thanks Taylor for linking to this and to PhysicanonFire for writing it. The concept of Stealth Wealth appeals to me on many levels and I hope to one day say that the term applies to me and my spouse. I think currently we are probably a bit stealthier than the typical couple our age and in our situat...
by jsh84
Wed Nov 23, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 15104

Re: Do you track your net worth? How long have you done so?

Yes for a few years. Personal Capital helps immensely, Mint is alright.
by jsh84
Wed Oct 26, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 216
Views: 50981

Re: Chase Sapphire Reserve

My wife got one and I got one as well! :sharebeer
by jsh84
Sun Oct 23, 2016 7:44 pm
Forum: Personal Investments
Topic: Portfolio checkup
Replies: 4
Views: 812

Re: Portfolio checkup

You are doing really great! It's very fortunate you both have 401ks with excellent options..... and you are maxing contributions. I don't believe your "messing" around with REITS is necessary because they are already in your total stock market fund. Your emergency fund looks good. Just cr...
by jsh84
Sun Oct 23, 2016 7:42 pm
Forum: Personal Investments
Topic: Portfolio checkup
Replies: 4
Views: 812

Re: Portfolio checkup

1. Looks excellent. And if you are spending "so much" and still can potentially maximize all pre-tax space you are in great shape. I don't see an HSA being utilized. If you have one available it is also a tremendous tool depending on how much you can rollover year to year. Mine has a $500...
by jsh84
Fri Oct 21, 2016 3:09 pm
Forum: Personal Investments
Topic: Portfolio checkup
Replies: 4
Views: 812

Portfolio checkup

Emergency funds: 6-9 months of expenses, possibly 1 year depending on how you define “emergency fund” and depending on how much we spend. Debt: Mortgage - $191,000 and about 28.5 years remaining. Rate is 3.625%. Paying an extra chunk of several thousand every year depending on how much cash we have ...
by jsh84
Fri Jun 03, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund question
Replies: 18
Views: 2400

Re: Emergency Fund question

Since you asked what it means to me... here you go: 1. 2 years. 2. 2 years of actual expenses, not bare bones. I prefer to have a large cash cushion since we are self employed with seasonal businesses. It allows my wife and I to sleep well at night. We also keep a separate savings account for futur...
by jsh84
Fri Jun 03, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund question
Replies: 18
Views: 2400

Re: Emergency Fund question

I wanted to get the board's opinions on the exact makeup of "emergency funds". I understand that this is subjective, so please don't respond with "its whatever you want it to be". I know that, I want to know what it means to you. Q1 - How much? I have seen 3 months, 6 months, 9 ...
by jsh84
Fri Jun 03, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund question
Replies: 18
Views: 2400

Re: Emergency Fund question

Build up 3 months of your full expenses. You'll likely want to be looking for a new job in that time and could still need daycare. This gives you three months to try to set things back to normal without feeling broken down immediately. Once you have the 3 months, lower your rate you are saving in y...
by jsh84
Fri Jun 03, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund question
Replies: 18
Views: 2400

Emergency Fund question

I wanted to get the board's opinions on the exact makeup of "emergency funds". I understand that this is subjective, so please don't respond with "its whatever you want it to be". I know that, I want to know what it means to you. Q1 - How much? I have seen 3 months, 6 months, 9 m...
by jsh84
Fri Jun 03, 2016 9:50 am
Forum: Personal Investments
Topic: Savings rate questions and example
Replies: 15
Views: 2048

Re: Savings rate questions and example

Sounds like the consensus is somewhere between high 30s and low 40%s Given that more than 2/3's of the US population saves no more than 10% (source - 2015 Federal Reserve survey on Consumer Finances, released May 2016), anyone saving more than 10% is doing phenomenally better than the majority. Def...
by jsh84
Fri Jun 03, 2016 7:44 am
Forum: Personal Investments
Topic: Savings rate questions and example
Replies: 15
Views: 2048

Re: Savings rate questions and example

Sounds like the consensus is somewhere between high 30s and low 40%s
by jsh84
Thu Jun 02, 2016 12:59 pm
Forum: Personal Investments
Topic: Savings rate questions and example
Replies: 15
Views: 2048

Re: Savings rate questions and example

Some good answers, thanks. So would you guys say

A - savings/pre-tax income

or

B - savings/after-tax income?
by jsh84
Thu Jun 02, 2016 10:54 am
Forum: Personal Investments
Topic: Savings rate questions and example
Replies: 15
Views: 2048

Re: Savings rate questions and example

It's hard to say. You're saving 47.5K with an additional employer contribution of 4K and spending 50K of a 100K salary. Plus, this person is in trouble with the IRS since they are only paying 2.5% on taxes, which should not cover SS/medicare taxes not to mention federal/state taxes. I suspect your ...
by jsh84
Thu Jun 02, 2016 10:29 am
Forum: Personal Investments
Topic: Savings rate questions and example
Replies: 15
Views: 2048

Savings rate questions and example

I had a few questions about how to calculate this exactly. Allow me to present a hypothetical scenario and then let me know what the savings rate would be. Annual salary - $100k Annual spending (utilities, bills, mortgage, food, etc) - 50k 401k contribution - $18k 401k employer match - $4k Roth IRA ...
by jsh84
Sat May 07, 2016 1:54 pm
Forum: Personal Investments
Topic: Contributed to Roth, but income may end up too high
Replies: 12
Views: 1488

Re: Contributed to Roth, but income may end up too high

I contributed to my roth for 2016 already, however due to my spouse's income for the year probably being higher than we anticipated, I am worried that we will be outside the MAGI limits after 2016 is said and done. ... Also, if that is the case and we resolve it, what are our options, other than ma...
by jsh84
Fri May 06, 2016 1:21 pm
Forum: Personal Investments
Topic: Contributed to Roth, but income may end up too high
Replies: 12
Views: 1488

Re: Contributed to Roth, but income may end up too high

have the excess contributions and any gains withdrawn. Vanguard (or whoever it is) should calculate the gains, if any for you. if you're going to be close to the phase out limit, maybe just pull the money out and hold onto for now. if cashflow allows and youre not already doing so, max both of your...
by jsh84
Fri May 06, 2016 1:10 pm
Forum: Personal Investments
Topic: Contributed to Roth, but income may end up too high
Replies: 12
Views: 1488

Re: Contributed to Roth, but income may end up too high

TLH is a distraction that doesn't answer the OPs question. (And this distraction has also veered into the erroneous: harvested losses cannot cancel out dividends beyond the usual $3K. They can cancel out LT cap gains distributions , but Bogleheads should not own funds in taxable accounts that have ...