Search found 215 matches

by Jozxyqk
Tue Nov 28, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income reducing social security
Replies: 5
Views: 618

Re: Earned income reducing social security

Thanks for the responses. Just to add an additional data point, this income is coming as an independent contractor. So I could set up some form of business entity if that would make a difference.
by Jozxyqk
Tue Nov 28, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income reducing social security
Replies: 5
Views: 618

Earned income reducing social security

I'm looking for a resource to help me understand an issue. Any help would be greatly appreciated. Say I took social security early. I am aware that there is an earnings limitation around $16k, and if I make more than that my SS payment will be reduced. My understanding is that my earnings for this p...
by Jozxyqk
Tue Jul 25, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9324

Re: Investing Education and Mansplaining

VictoriaF wrote:
Some people have the gift of explaining and others don't. Many college professors have honed the art of explaining well. My favorite professors are Daniel Kahneman, Dan Ariely, Dan Gilbert--all men.
No no -- that's Dansplaining. We're talking about something completely different.
by Jozxyqk
Wed Apr 05, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a remodel
Replies: 13
Views: 831

Re: Financing a remodel

This is very similar to the should I buy a $70k car thread going on. The size of the purchase drives much angst. It's hard to take seriously a response that compares spending $80k to obtain a modest three bedroom home for a family of four, to spending $70k on a fancy luxury car. For the record, we ...
by Jozxyqk
Wed Apr 05, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a remodel
Replies: 13
Views: 831

Re: Financing a remodel

I'm also not totally sure what the best place to cut back on retirement savings would be for us--401k, roths or HSA (15% bracket). I can assure you your future self does not want you to cut back on retirement savings. What type of remodel? Formica countertops to granite? Stainless steel appliances?...
by Jozxyqk
Wed Apr 05, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a remodel
Replies: 13
Views: 831

Re: Financing a remodel

One option is to save ~$80k and then do the remodel. Not a popular option I know. How dare you ask that I delay my gratification! [Accurate SNL for the win] You have the HELOC, why the hesitation in using? Is it because spending $80k is a big chunk of money? Mainly because I'm a bit leery of going ...
by Jozxyqk
Wed Apr 05, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a remodel
Replies: 13
Views: 831

Re: Financing a remodel

Yes, the HELOC is an obvious choice to use to finance it. I wouldn't think you'd get a better rate from a home improvement loan. Also, your HELOC may have a provision where you can increase the line if the home value goes up. How's your cash flow right now? if you're still accumulating savings some...
by Jozxyqk
Wed Apr 05, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a remodel
Replies: 13
Views: 831

Financing a remodel

Good morning, bogleheads. I would appreciate input on the following situation: Young family (2 kids), planning a remodel of little 2BR/1BA to add a third BR and half-bath as our kids grow. Thinking about how to pay for it. We have about $45k cash as a combined emergency/remodel fund. We have an $80k...
by Jozxyqk
Mon Oct 31, 2016 1:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 36324

Re: Larry Swedroe's latest market returns forecast

Jozxyqk FWIW I have explained EXPLICITLY a bunch of times that your statement is incorrect. The valuations don't tell you about timing, only expected returns. And as I explained, low valuations imply higher risk, not just higher expected returns and vice versa. However what valuations do is tell yo...
by Jozxyqk
Mon Oct 31, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 36324

Re: Larry Swedroe's latest market returns forecast

Saying expected return is 4.1% may be true based on the CAPE model, but I don't see how it's very useful for investors. It sounds really accurate. But add in a plus or minus 8%, and it's pretty vague. I know everyone assumes it's a normal distribution, and the high end should be very unlikely. But ...
by Jozxyqk
Thu Jul 14, 2016 12:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1115991

Re: U.S. stocks in freefall

staythecourse wrote:Alexander Pope's great quote came to mind, "Who is the greater fool the fool or the fool who follows the fool".
.


I think that was Obi Wan Kenobi :wink:
by Jozxyqk
Tue May 17, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 4644

Re: selling classic car - tax?

Agree. Don't waste anymore thought on this one. I haven't read all the replies, but knowing this crowd I'm sure some are recommending you consider reporting federal capital gains or at least trying to figure that out. You don't need to worry about capital gains taxes here, move along to something m...
by Jozxyqk
Tue Apr 05, 2016 6:22 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 24736

Re: Tesla Model 3 anyone?

HomerJ wrote:
All I'm asking is for Tesla believers to understand that it doesn't fit everyone yet.


Somehow I don't think anyone is actually saying this.
by Jozxyqk
Wed Mar 30, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 10696

Re: Investing Young + LBYM = No Corp Ladder

One more story: I worked with an attorney years ago who owned a paid off $3M house he'd inherited but whose income had sunk over several years from $250K to $125K. His 3 kids were in all the expensive activities, his wife stayed home and played tennis at the country club. Meanwhile his credit card ...
by Jozxyqk
Mon Mar 21, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your allowance?
Replies: 40
Views: 4779

How much is your allowance?

Inspired by a couple of posts here, my wife and I instituted an "allowance" program, largely to get a feel for our personal spending. As a general matter we're pretty frugal and easily live below our means while putting away a decent amount for retirement, but having a couple of kids and c...
by Jozxyqk
Thu Feb 11, 2016 12:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1115991

Re: U.S. stocks in freefall

S&P on its way to 1600. I'm still 100% cash. Its funny that you always pop up to not-so-subtly brag about your prognosticatorial (definitely a word) skills after the market dips. What makes it particularly funny--and what has to be mentioned every time you do this--is the fact that you were als...
by Jozxyqk
Mon Feb 08, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 14026

Re: Sibling's destination wedding?

OP asked about destination weddings. You said "it" is unbelievably selfish. You did not mention anything about pressure or drama. Neither did OP. It's hard to read your post as referring to anything but destination weddings with its "it." "if you want an expensive destinati...
by Jozxyqk
Mon Feb 08, 2016 2:10 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 14026

Re: Sibling's destination wedding?

.... Nope, reread my post..." if you want an expensive destination wedding, don't expect others to attend..."I never said choosing to have a destination wedding is selfish, I said expecting people to attend your destination wedding regardless of the possible hardship is. It is your choice...
by Jozxyqk
Mon Feb 08, 2016 12:37 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 14026

Re: Sibling's destination wedding?

Never been in this situation with a sibling, but was in it with a good friend of my ex-wife's. My ex ended up going without me, but I wasn't too happy about it. IMO, it is unbelievably selfish on the part of the bride and groom - if you want an expensive destination wedding, don't expect others to ...
by Jozxyqk
Thu Feb 04, 2016 1:31 pm
Forum: Personal Consumer Issues
Topic: Chicken rub
Replies: 34
Views: 3127

Re: Chicken rub

This one is my go-to. Pretty easy (you make a bunch once then can use it for quite a while), and darn good:

http://amazingribs.com/recipes/rubs_pas ... l_rub.html
by Jozxyqk
Mon Feb 01, 2016 2:26 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 21025

Re: Unwinding day old terrible car deal for mother-in-law

I hate car dealerships and car salesmen as much as the next guy. But in this case, I don't see what they did wrong. A 59 year old person of sound mind wanted to buy a car, and the dealership sold the person a car. The person wanted a loan and the salesman told them what kind of income was required ...
by Jozxyqk
Fri Jan 22, 2016 11:16 am
Forum: Investing - Help with Personal Investments
Topic: HSA overcontribution
Replies: 12
Views: 831

Re: HSA overcontribution

Thanks very much to you both. Then because the excise tax is 6%/year, you will want to decrease next year's contribution such that you + your employ's contribution is $500 less than next year's maximum contribution. That effectively balances out your contributions over the two years and your are al...
by Jozxyqk
Wed Jan 20, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: HSA overcontribution
Replies: 12
Views: 831

Re: HSA overcontribution

Thanks very much to you both. Then because the excise tax is 6%/year, you will want to decrease next year's contribution such that you + your employ's contribution is $500 less than next year's maximum contribution. That effectively balances out your contributions over the two years and your are all...
by Jozxyqk
Wed Jan 20, 2016 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: HSA overcontribution
Replies: 12
Views: 831

Re: HSA overcontribution

livesoft wrote:
I don't think there is any rush to do this before the end of the year though.


No downside if the investment makes/loses a significant amount of money this year?

ETA: Thanks very much for your help, by the way. Much appreciated.
by Jozxyqk
Wed Jan 20, 2016 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: HSA overcontribution
Replies: 12
Views: 831

Re: HSA overcontribution

Not a problem. Request a removal of your excess contribution from your HSA custodian. They have a form for it because it happens often. Then when tax-time comes, be sure to fill out your tax form correctly, too. Unfortunately I have already moved the funds in the HSA (Elements) to the associated br...
by Jozxyqk
Wed Jan 20, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: HSA overcontribution
Replies: 12
Views: 831

HSA overcontribution

I'm wondering if anyone has a quick answer to this off the top of their head: My employer usually contributes $500 yearly to each employee's HSA. I fill up the remainder of the HSA with my own contribution -- usually as close to Jan 1 as possible. I have already done so. My employer just announced t...
by Jozxyqk
Thu Jan 14, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1115991

Re: U.S. stocks in freefall

I'm still 100% cash since my last post late 2015. Rubbing hands together waiting for the big correction that fundamentally has to happen. In your last post on this subject in September, you wrote an ambiguous post: "As promised...I will be switching from a cash position Thursday or Friday if F...
by Jozxyqk
Mon Jan 11, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging and outcome volatility
Replies: 11
Views: 863

Re: Dollar Cost Averaging and outcome volatility

Nobody has really addressed his question yet. Does dollar cost averaging result in lower variance in the final account value? If so, by how much? Is it possible that a sufficiently risk averse investor might prefer dollar cost averaging as an alternative to a more conservative asset allocation? I'm...
by Jozxyqk
Mon Jan 11, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging and outcome volatility
Replies: 11
Views: 863

Dollar Cost Averaging and outcome volatility

Dear Bogleheads: Is there a way for me to understand the level of increase in the range of likely outcomes I will face by lump-summing vs. dollar-cost-averaging my retirement fund contributions? I understand that lump sum has a higher expected return. I also understand that it has higher volatility ...
by Jozxyqk
Mon Jan 04, 2016 4:24 pm
Forum: Personal Consumer Issues
Topic: How do you keep your young kids busy/occupied?
Replies: 37
Views: 4013

Re: How do you keep your young kids busy/occupied?

This seems simple and perhaps mean, but I ignore them. It's amazing what they start to play on their own when you aren't their to entertain them. I would second that. It is amazing what little ones will do if left alone. I sometimes think kids get bored too often as they are used to our generation ...
by Jozxyqk
Mon Dec 14, 2015 6:17 pm
Forum: Personal Consumer Issues
Topic: Christmas Gifts for the Financially Irresponsible
Replies: 20
Views: 2408

Re: Christmas Gifts for the Financially Irresponsible

This thread is the opposite of what I thought it would be. Christmas gifts for the financially irresponsible sounds like speedboats and outrageous jewelry. Maybe a jungle predator or two as a pet.
by Jozxyqk
Fri Nov 20, 2015 1:15 pm
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

UPDATE! Roofer responds!

The roofer (who, again, has been unfailingly polite and responsive throughout), promptly responded as follows: Hi [Jozxyqk], I apologize for your current situation and understand how it may occur to you that the roof is associated with your chimney leak. Unfortunately the chimney is its own maintena...
by Jozxyqk
Fri Nov 20, 2015 12:52 pm
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

Re: Roofing and Chimney flashing

I would suggest - depending on the tone of the roofer - asking if they could install proper counter-flashing and discount the cost of said service, seeing as you went through them for the roof. Let us know how it turns out. Thanks for the additional data points. It helps a lot -- hope your re-roof ...
by Jozxyqk
Thu Nov 19, 2015 11:44 am
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

Re: Roofing and Chimney flashing

Was the chimney guy recommended by the roofer? I would "politely" tell the roofer I am calling the BBB to complain about his workmanship and business practices, and certainly any friends and neighbors to avoid this roofer. Before I do this Mr. Roofer "do you want to make this right&q...
by Jozxyqk
Thu Nov 19, 2015 11:42 am
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

Re: Roofing and Chimney flashing

To update: spoke with the roofer today, and while very polite, he is adamant that counterflashing issues were not within the scope of the work for the roofing job. Essentially, the roofers provide the flashing extending up the side of the roof from the chimney. The mason deals with the correspondin...
by Jozxyqk
Wed Nov 18, 2015 7:23 pm
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

Re: Roofing and Chimney flashing

To update: spoke with the roofer today, and while very polite, he is adamant that counterflashing issues were not within the scope of the work for the roofing job. Essentially, the roofers provide the flashing extending up the side of the roof from the chimney. The mason deals with the corresponding...
by Jozxyqk
Tue Nov 17, 2015 11:24 am
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

Re: Roofing and Chimney flashing

First -- thanks to everyone for your helpful replies. To clarify a few things (1) the roof is a bit over three years old, and still covered by the roofers' workmanship warranty. (2) when we had the roof replaced, the roofers had to remove the entire old roof, including the original, 100+ year old ce...
by Jozxyqk
Mon Nov 16, 2015 3:40 pm
Forum: Personal Consumer Issues
Topic: Roofing and Chimney flashing
Replies: 23
Views: 2846

Roofing and Chimney flashing

Hi all, Looking for outside perspectives. We re-roofed our home a few years ago. The roofers did a great job (apparently). Fast, responsive to questions, looks great, good cleanup, etc. Now, a few years later, during a night with some strong winds my son ran into our bedroom to tell us about water d...
by Jozxyqk
Wed Nov 04, 2015 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations for HSA Investment
Replies: 36
Views: 9195

Re: Recommendations for HSA Investment

Haven't looked at the other options recently, but I am still at Elements Credit Union (formerly Eli Lily Federal Credit Union --"ELFCU"). Linked brokerage is TD Ameritrade -- good range of funds. Access to vanguard. I either have to keep $2,000 (I believe) in the account or endure a $3.00 ...
by Jozxyqk
Tue Oct 27, 2015 6:31 pm
Forum: Personal Consumer Issues
Topic: Car advice for tall person
Replies: 29
Views: 3276

Re: Car advice for tall person

Sometimes the "mid-size" cars actually have less headroom than the next size smaller sedans. I found that the Ford Focus, for example, had better interior room than the Ford Fusion. It's in the mid size range where sometimes style seems to start taking higher priority over usability. As a...
by Jozxyqk
Mon Oct 26, 2015 5:44 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 69217

Re: Do you think Ric Edelman is correct, never pay down mortgage

Unless you have enough cash or secure assets that can be converted to cash at the amount of your mortgage on short notice or you can use that money in a 100% safe way to generate the mortgage payments plus income taxes, plus a significant premium to make up for the hassle of writing mortgage checks...
by Jozxyqk
Tue Oct 20, 2015 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with money earmarked for retirement accounts
Replies: 10
Views: 1072

Re: What to do with money earmarked for retirement accounts

Rather than save up until finally fully funding your family's accounts at the beginning of the next year, why not immediately partially fund them over the course of the year as the money comes in? You can invest it right away in its final destination. PJW Not sure I understand. I fully funded our 2...
by Jozxyqk
Tue Oct 20, 2015 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with money earmarked for retirement accounts
Replies: 10
Views: 1072

Re: What to do with money earmarked for retirement accounts

I've only recently had sufficient funds that I can save over the course of a year and fully fund my family's Roths and HSA at the beginning of the next calendar year. You have fully funded this year's Roth IRA and HSA accounts, correct? Yep. Any other tax-advantaged (e.g., 401k, 403b, individual 40...
by Jozxyqk
Tue Oct 20, 2015 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with money earmarked for retirement accounts
Replies: 10
Views: 1072

What to do with money earmarked for retirement accounts

In the grand scheme of things this is probably not a big deal, but I'm curious how others approach it: I've only recently had sufficient funds that I can save over the course of a year and fully fund my family's Roths and HSA at the beginning of the next calendar year. I assume some others do this t...
by Jozxyqk
Fri Oct 16, 2015 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college in the 15% bracket
Replies: 23
Views: 1836

Re: Saving for college in the 15% bracket

Does a 529 plan make sense given the (1) low tax bracket, (2) lack of state income tax advantage, (3) significant restrictions on the money in a 529? What are these significant restrictions? Other than having to spend it on college tuition and R&B I am not aware of many. You need to pay some ou...
by Jozxyqk
Fri Oct 16, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college in the 15% bracket
Replies: 23
Views: 1836

Re: Saving for college in the 15% bracket

Thanks everyone for the helpful input. This mortgage angle is an aspect of things I had not considered before. My course of action will be to invest "college" funds in taxable, then plan on using the funds to pay down my mortgage soon (but not soon -- thanks Tomato!) before my first child...
by Jozxyqk
Fri Oct 16, 2015 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college in the 15% bracket
Replies: 23
Views: 1836

Re: Saving for college in the 15% bracket

Thanks everyone for the helpful input. This mortgage angle is an aspect of things I had not considered before. My course of action will be to invest "college" funds in taxable, then plan on using the funds to pay down my mortgage soon (but not soon -- thanks Tomato!) before my first child...
by Jozxyqk
Fri Oct 16, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college in the 15% bracket
Replies: 23
Views: 1836

Re: Saving for college in the 15% bracket

Thanks everyone for the helpful input. This mortgage angle is an aspect of things I had not considered before. My course of action will be to invest "college" funds in taxable, then plan on using the funds to pay down my mortgage soon (but not soon -- thanks Tomato!) before my first child...
by Jozxyqk
Fri Oct 16, 2015 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Saving for college in the 15% bracket
Replies: 23
Views: 1836

Re: Saving for college in the 15% bracket

Assuming that your little ones go to FAFSA schools rather than CSS schools (and the calculations for financial aid don't change much in the next 15 years), you might want to consider putting the extra money into paying off your mortgage if you have one. I am a few years into a 30 year mortgage at 3...
by Jozxyqk
Fri Oct 16, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Saving for college in the 15% bracket
Replies: 23
Views: 1836

Saving for college in the 15% bracket

Dear Bogleheads, I know this question has been discussed before, but I believe I am "on the bubble" so to speak, and would like some community feedback as to my own situation. At present time, my family is solidly in the 15% tax bracket (our taxable income is somewhere south of $38k). We f...