Search found 7066 matches

by JBTX
Thu Dec 03, 2020 10:17 pm
Forum: Investing - Theory, News & General
Topic: Do you actually NEED to invest in equities?
Replies: 41
Views: 3359

Re: Do you actually NEED to invest in equities?

Let's assume:

Inflation = 2.5% in perpetuity
Cash return = 0.5% after tax.

Every year, you lose 2% of your funds in purchasing power. Over 20 years, you lose about 1/3 of your purchasing power. Over 30 years, almost half.
by JBTX
Thu Dec 03, 2020 10:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard loses $590m Taiwan pension due to underperformance
Replies: 12
Views: 2255

Re: Vanguard loses $590m Taiwan pension due to underperformance

They lost the contract to run $590m in assets. They didn't "lose" $590m in investment losses.
by JBTX
Thu Dec 03, 2020 9:49 pm
Forum: Personal Consumer Issues
Topic: Buying a 1.3M house - worried about unexpected expenses
Replies: 83
Views: 4905

Re: Buying a 1.3M house - worried about unexpected expenses

The issue is spending $1.3 million on a 2500 ft house. I could never do it. But if that is the market, and you can afford it, and you want it, at this point do the deal. While it would have been nice to have your own inspection, I wouldn't walk away from $75k for it. $75k is about 20 % of the home c...
by JBTX
Thu Dec 03, 2020 9:26 pm
Forum: Personal Investments
Topic: Large windfall - restructuring portfolio & managing taxable account
Replies: 1
Views: 327

Re: Large windfall - restructuring portfolio & managing taxable account

I will shortly receive a large windfall (long expected/in process) and will have a significant taxable account for the first time. (The amount received will be tax free, but any future capital gains/dividends will be taxable.) How would you restructure the portfolio? Early 60s, retired Single Tax r...
by JBTX
Thu Dec 03, 2020 9:15 pm
Forum: Investing - Theory, News & General
Topic: Impossibility of retirement when there is inflation
Replies: 8
Views: 787

Re: Impossibility of retirement when there is inflation

Suppose that in order to retire, you need $2 million in 2020 dollars. You currently have $1 million. Suppose that there is always some inflation. In order to retire, you need to eventually catch up to the target, which is $2 million plus the adjustment for inflation. The problem is you can never do...
by JBTX
Thu Dec 03, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8153
Views: 569217

Re: Refinance Mega Thread

Now that the conforming limits are increasing in 2021, my loan amount will qualify as a conforming loan ($795k).I live in the Bay Area, our conforming limits are on the higher end, $822k starting 2021. I bought my house last year at $1,015,000 and now the estimated value is about $1.1 mill. I read ...
by JBTX
Thu Dec 03, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8153
Views: 569217

Re: Refinance Mega Thread

Just locked on 1.99% fixed for 15yr - No cost ReFi CA $577k - Value $2m+ All with Interactive Mortgage - https://www.interactivemortgage.com/ Super quick and efficient so far Quick update - All going well so far. Looking to close in next 10-15 days. FYI, you’ll likely be delayed in the loan funding...
by JBTX
Thu Dec 03, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8153
Views: 569217

Re: Refinance Mega Thread

Thx for the info! That's great to hear! We actually had a very good experience with Better and would definitely consider using them again. Are you going to refi again? I'm seriously considering it. And I would be more than happy to do it with Better again. I wouldn't said it was a trouble-free proc...
by JBTX
Thu Dec 03, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8153
Views: 569217

Re: Refinance Mega Thread

Just locked on 1.99% fixed for 15yr - No cost ReFi CA $577k - Value $2m+ All with Interactive Mortgage - https://www.interactivemortgage.com/ Super quick and efficient so far Quick update - All going well so far. Looking to close in next 10-15 days. FYI, you’ll likely be delayed in the loan funding...
by JBTX
Thu Dec 03, 2020 8:13 pm
Forum: Personal Investments
Topic: Roth conversion this year?
Replies: 3
Views: 345

Re: Roth conversion this year?

Given what you have described doing the conversion now makes sense. Tax rates are scheduled to go back up in 2026, whether they actually do who knows. Personally I'd rather do it at 24% now vs best case future 22% If you thought that there was a decent chance you may have a gap between working and R...
by JBTX
Wed Dec 02, 2020 7:54 pm
Forum: Investing - Theory, News & General
Topic: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki
Replies: 62
Views: 3123

Re: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki

The Bogleheads wiki says "DCA applies when you have the money to invest, but delay doing so." https://www.bogleheads.org/wiki/Dollar_cost_averaging But the Merriam-Webster dictionary defines DCA as "investment in a security at regular intervals of a uniform sum regardless of the pric...
by JBTX
Wed Dec 02, 2020 3:30 pm
Forum: Investing - Theory, News & General
Topic: after 1 million, what makes a difference?
Replies: 162
Views: 15994

Re: after 1 million, what makes a difference?

I had an interesting conversation with a relative last night. Both of us are in similar situations -- neither has "won the game," both are still working (I'm 44, she's 51), both are still maxing our workplace plans, but we're in positions we consider comfortable and lucky, having each sav...
by JBTX
Wed Dec 02, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Election and Open Enrollment Deadlines
Replies: 7
Views: 426

Re: COBRA Election and Open Enrollment Deadlines

My recollection is once you sign up for cobra, that is the plan you have for as long as you have cobra. Not necessarily. A company can choose to allow you to participate in open enrollment, and change plans like all active employees. But note, federal COBRA only mandates medical -- companies don't ...
by JBTX
Wed Dec 02, 2020 12:28 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2350
Views: 242954

Re: [What TV Show Have You Recently Watched?]

Rewatching Halt and Catch fire. This time binge style. I literally can't find anything else I want to watch.

I'm hesitant to rewatch series but once I am into them with the good ones I enjoy them more the second time through. Same with Halt and Catch Fire.
by JBTX
Wed Dec 02, 2020 12:25 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2350
Views: 242954

Re: [What TV Show Have You Recently Watched?]

TomatoTomahto wrote: Tue Dec 01, 2020 4:06 pm Fyre: The Greatest Party That Never Happened on Netflix.

I knew the scam festival was a hot mess, but people’s willingness to suspend disbelief is a lesson for all of us. A lot of decent people held out hope against slimmer hope to the bitter end. Sad.
I think I see what you did there. 8-)
by JBTX
Mon Nov 30, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Election and Open Enrollment Deadlines
Replies: 7
Views: 426

Re: COBRA Election and Open Enrollment Deadlines

My recollection is once you sign up for cobra, that is the plan you have for as long as you have cobra.
by JBTX
Mon Nov 30, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: COBRA Election and Open Enrollment Deadlines
Replies: 7
Views: 426

Re: COBRA Election and Open Enrollment Deadlines

Open enrollment should not have any impact on you, at least as far as I recall.
by JBTX
Sun Nov 29, 2020 11:01 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions... tax speculation?
Replies: 39
Views: 2645

Re: Roth conversions... tax speculation?

I've been trying to get my head around Roth conversions, and understand the rationale. But I am having a hard time with the concept of tax speculation. While taxes are certain, tax rates & rules are not. The general consensus that market timing is bad seems to be in conflict (at least to me) wi...
by JBTX
Sun Nov 29, 2020 10:33 pm
Forum: Personal Consumer Issues
Topic: Anyone use excel with a large (100,000 row) spreadsheet?
Replies: 14
Views: 1315

Re: Anyone use excel with a large (100,000 row) spreadsheet?

How much RAM do you have? I found dealing with large spreadsheets with that many rows with formulas that 6 gig or less wasn't enough. That said, what you have described shouldn't be as taxing as you are seeing. I'd make sure to get rid of any unnecessary start up programs. - sometimes saving the exc...
by JBTX
Sun Nov 29, 2020 10:20 pm
Forum: Personal Investments
Topic: Health Insurance: Not able to decide between HDHP/HSA and PPO
Replies: 19
Views: 1380

Re: Health Insurance: Not able to decide between HDHP/HSA and PPO

That makes more sense. I've done comparisons over the years, and they are notoriously difficult to do, due to different an unknown variables. But if you are a typically light medical user, the HDHP is probably better, although there is always the chance of large unexpected expenditure that makes it...
by JBTX
Sun Nov 29, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is not taxed?
Replies: 47
Views: 4052

Re: What percentage of your net worth is not taxed?

About 80% of our net worth is in tax advantaged. Of the tax advantaged, approximately 40% Roth, the rest traditional.
by JBTX
Sun Nov 29, 2020 9:41 pm
Forum: Personal Investments
Topic: Health Insurance: Not able to decide between HDHP/HSA and PPO
Replies: 19
Views: 1380

Re: Health Insurance: Not able to decide between HDHP/HSA and PPO

I don't understand 0% Coinsurance? If no coinsurance, then deductible = out of pocket?? No, that's a mistake. I just checked both the plans again and here is what I found out: PPO (COVA Care): 20% coinsurance after deductible for certain services, including: • Outpatient lab tests, x-rays, and inje...
by JBTX
Sun Nov 29, 2020 7:15 pm
Forum: Personal Investments
Topic: Health Insurance: Not able to decide between HDHP/HSA and PPO
Replies: 19
Views: 1380

Re: Health Insurance: Not able to decide between HDHP/HSA and PPO

I don't understand 0% Coinsurance? If no coinsurance, then deductible = out of pocket??
by JBTX
Sat Nov 28, 2020 10:40 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2350
Views: 242954

Re: [What TV Show Have You Recently Watched?]

Suspected that I would find "Yellowstone" not for me, (actually us),...but I wasn't prepared for just how bad it is... Every character is a caricature of a caricature. They'd have to move up a peg or two to be simply cookie cutter. That was a half episode's worth of time, (including comme...
by JBTX
Sat Nov 28, 2020 10:34 pm
Forum: Investing - Theory, News & General
Topic: Shooting for the moon as a young investor
Replies: 33
Views: 4614

Re: Shooting for the moon as a young investor

Shooting for the moon isn't uncommon, but typically it is in the form of human capital and foregone safe salaries, such as starting a business, working for a start up, etc. When taking such risks, usually there is an expectation of positive expected value. You are doing it because you think your cha...
by JBTX
Sat Nov 28, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: My car insurance rate is $1000/month. HELP
Replies: 69
Views: 7286

Re: My car insurance rate is $1000/month. HELP

Weird that so many here have had high GEICO quotes. It’s always been consistently lower than the others (All State, Progressive, Amica, State Farm) for me here in Texas. Our GEICO premiums for 2 of us has crept up (in TX) Now they are over $900 per 6 months. We do keep high liability coverage. I'm ...
by JBTX
Sat Nov 28, 2020 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55? What should I think about?
Replies: 34
Views: 5106

Re: Retire at 55? What should I think about?

Your (OP) thought process is similar to what I'm going through right now. I'm upper 50s, currently not working, teen in school, but spouse working. Am I retired? Do I want to be? I haven't totally sorted that out. Questions you have to work through: stress test your assumptions -- what happens if yo...
by JBTX
Sat Nov 28, 2020 9:24 pm
Forum: Investing - Theory, News & General
Topic: Why are health care stocks so cheap?
Replies: 6
Views: 1127

Re: Why are health care stocks so cheap?

If I had to speculate - fear of increased price regulation in prescription drug market - increase in discount drug pricing like goodrx making pricing more competitive - trend of major retailers like walmart underselling them - potential for Amazon or other online retailers to disrupt the market - tr...
by JBTX
Sat Nov 28, 2020 9:14 pm
Forum: Personal Investments
Topic: Inclined to payoff mortgage
Replies: 67
Views: 3763

Re: Inclined to payoff mortgage

Personally I'd refi that ARM to a 15 year, but that is just me.
by JBTX
Sat Nov 28, 2020 9:10 pm
Forum: Personal Investments
Topic: Purpose of Roth Income Limit
Replies: 14
Views: 2237

Re: Purpose of Roth Income Limit

While limiting Roth IRAS but allowing unlimited conversions seems like a logical inconsistency, it makes more sense when you consider congressional budgeting and the 10 year budget projection mechanism they use. Investing in a Roth IRA doesn't increase tax revenue (at least for higher incomes) it de...
by JBTX
Sat Nov 28, 2020 12:08 am
Forum: Personal Investments
Topic: ACA Subsidies and Capital Gains
Replies: 5
Views: 673

Re: ACA Subsidies and Capital Gains

Is getting rid of the property 3 years earlier worth $30k in lost subsidies? Only you can answer that. It would seem to me the optimal path is to kill 2 birds with one stone and figure out a way to legitimately recognize enough rental property income to keep you ACA eligible for 3 years until Medica...
by JBTX
Fri Nov 27, 2020 10:41 pm
Forum: Investing - Theory, News & General
Topic: Should I replace my bonds VBTLX with gold GLD?
Replies: 41
Views: 2080

Re: Should I replace my bonds VBTLX with gold GLD?

maybe some part of it. Both has around zero real return expectation so both are held for diversification. However gold is much more volatile than bonds so you want to have less of it. And i would use GLDM, not GLD which has a high expense ratio. To decide on what percentage of VBTLX to replace, you...
by JBTX
Fri Nov 27, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4498

Re: Housing once you have considerable assets

Hi all, Today I hit a significant milestone of joining the two comma club across our brokerage accounts, dutifully LBYM and saving as much as we could over the past 12 years. As I project into the next 10 years, each million becomes considerably easier. We’ll hit 2 million within ~4-5 years, ~3 mil...
by JBTX
Fri Nov 27, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do you handle Christmas presents with your spouse?
Replies: 41
Views: 2470

Re: How do you handle Christmas presents with your spouse?

We haven't exchanged gifts for many years. Neither of us miss it.
by JBTX
Fri Nov 27, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early or keep working
Replies: 62
Views: 5728

Re: Retire early or keep working

The choice with most flexibility is to go part time or consulting. Gives you more freedom, but still involved, and as a part time or consultant your attitude about autonomy and other issues may decrease. Having some autonomy, and then losing it is tough to stomach. It was ultimately the heart of the...
by JBTX
Fri Nov 27, 2020 3:33 pm
Forum: Personal Investments
Topic: Roth vs. traditional 401(a)
Replies: 15
Views: 914

Re: Roth vs. traditional 401(a)

Thank you all! I really appreciate. William Bernstein wrote Roth is better than traditional since you can contribute "more" (after-tax vs. pre-tax dollars). According to https://www.whitecoatinvestor.com/should-you-make-roth-or-traditional-401k-contributions/ "If you are already maxi...
by JBTX
Fri Nov 27, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: Sole Proprietorship Tax Guidance - Reading Suggestions
Replies: 5
Views: 512

Re: Sole Proprietorship Tax Guidance - Reading Suggestions

- determine if and how you want to deduct home office deduction. I usually opted for the less lucrative but safer standard simplified home office deduction. - potentially the biggest deduction will be auto mileage, if there is mileage to client site involved. If your home is (and can legitimately) d...
by JBTX
Fri Nov 27, 2020 3:07 pm
Forum: Investing - Theory, News & General
Topic: FT article on "Lesson of Japan"
Replies: 8
Views: 1195

Re: FT article on "Lesson of Japan"

Good article. Thanks for sharing.
by JBTX
Thu Nov 26, 2020 9:09 pm
Forum: Personal Investments
Topic: No Mortgage - Wrong??
Replies: 94
Views: 7492

Re: No Mortgage - Wrong??

The answer is it depends. What is the interest rate? What is your current portfolio What is your age? Are you maxing out tax advantaged accounts? Do you need the liquidity? While I normally like having a modest low interest mortgage, in your case I wouldn't recommend it. Initially you were debt aver...
by JBTX
Thu Nov 26, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Look at current PE 10-actionable?
Replies: 78
Views: 4140

Re: Look at current PE 10-actionable?

https://www.multpl.com/shiller-pe Anything actionable here? Seems like PE 10 second highest in history. Is the fact that interest rates are low make the valuations not as bad as they look? Anything to do other then rebalance such as reduce equities, lower expectations, etc? Will bonds really help g...
by JBTX
Thu Nov 26, 2020 8:28 pm
Forum: Personal Investments
Topic: What % of my stock portfolio should be stocks I love?
Replies: 33
Views: 1880

Re: What % of my stock portfolio should be stocks I love?

I generally want to just invest in ETFs and am not one to pick individual stocks out of speculation, but sometimes I come across companies I love and believe in and want to own those individual stocks for the long term. I am young and looking for high growth so my portfolio is 90/10 stocks/bonds. O...
by JBTX
Thu Nov 26, 2020 4:10 am
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 175
Views: 12603

Re: Not Experiencing Any Problems With Vanguard

I've never had any issues that I recall. I don't make a lot of transactions and I rarely have to call for help.
by JBTX
Thu Nov 26, 2020 2:21 am
Forum: Personal Investments
Topic: Should I contribute to my 401k?
Replies: 12
Views: 1426

Re: Should I contribute to my 401k?

Yes, definitely. It's been a while, but there was a time 1.0% was on the better side of fees. My DW contributed for years with almost 2.0% fees, but it still has accumulated nicely and they finally switched to a better plan much lower fee plan. Chances are you won't be with this employer forever, an...
by JBTX
Wed Nov 25, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: Long time retirees: any regrets?
Replies: 191
Views: 21590

Re: Long time retirees: any regrets?

I don't I just hate fake people. People that like you because of a good job or a nice place you live are fake to me. There are far more people around you than you may care for. Why do you let yourself be bothered by them? Ignore and move on. Tune out. You were not born to save the world. I have a k...
by JBTX
Tue Nov 24, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use an accountant for personal taxes?
Replies: 135
Views: 8067

Re: Does anyone use an accountant for personal taxes?

I am actually a cpa but I don't practice so I'm not an expert. I always use turbotax, even when self employed. There were times I probably could have saved money with a cpa when self employed by paying myself salary, etc, but I decided not to bother. I am curious for those instances where a cpa save...
by JBTX
Tue Nov 24, 2020 7:40 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1937

Re: Contact Lenses / Glasses

Out of curiosity, where do Bogleheads order contact lenses/glasses? I have a doctor that I go to that I like seeing b/c he has all the history on my holes in my retina, etc. However, they have a crazy markup on their glasses and contact lenses. I have VSP for insurance so I should get some coverage...
by JBTX
Tue Nov 24, 2020 7:38 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1937

Re: Contact Lenses / Glasses

I first tried progressive lenses in the Ray Ban frames but they gave me flashbacks to the 70s so costco replaced them with equivalent non-progressive lenses and gave me a refund for the difference. That's funny. :P I tried progressives twice and hated those things. Not a thing wrong with a good sin...
by JBTX
Tue Nov 24, 2020 6:49 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1937

Re: Contact Lenses / Glasses

Out of curiosity, where do Bogleheads order contact lenses/glasses? I have a doctor that I go to that I like seeing b/c he has all the history on my holes in my retina, etc. However, they have a crazy markup on their glasses and contact lenses. I have VSP for insurance so I should get some coverage...
by JBTX
Tue Nov 24, 2020 6:46 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1937

Re: Contact Lenses / Glasses

I first tried progressive lenses in the Ray Ban frames but they gave me flashbacks to the 70s so costco replaced them with equivalent non-progressive lenses and gave me a refund for the difference. That's funny. :P I tried progressives twice and hated those things. Not a thing wrong with a good sin...
by JBTX
Tue Nov 24, 2020 6:29 pm
Forum: Investing - Theory, News & General
Topic: "Water Theory" -- pros and cons
Replies: 41
Views: 4623

Re: Water theory and its pros and cons

Knowing this, I try to convince people to open up several accounts at once. I think everybody needs a taxable account, a Traditional IRA, and a Roth IRA (at a minimum). And I try to convince everybody to contribute to their taxable account. Once the money is in the taxable account, it can then be t...