Search found 6916 matches

by JBTX
Thu Oct 15, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: The Value of a Business Deduction in a low/no income year.
Replies: 5
Views: 312

Re: The Value of a Business Deduction in a low/no income year.

I think I have the tax tail wagging the investment/1099 dog. I am wondering if I am missing a key basic concept. I think I am going to have a loss this year on my Schedule C. I as of this point have no 1099 or W2 earnings but some Unemployment Income. I usually make my money as a 1099 Sole Prop (no...
by JBTX
Wed Oct 14, 2020 11:39 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

So I shouldn’t go skiing because I have a 30-year mortgage. If I lived like that, I could probably pay off my mortgage in 10 years instead of 30. I’d rather hit the slopes. Balance in all things. I hit the slopes many times when we had a mortgage. It's just important to recognize that when you have...
by JBTX
Wed Oct 14, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

Great article and thank you White Coat Investor. This is my reply to the post's 2 questions and 14 reasons. If I wasn't able to answer these points, perhaps I am looking at debt the wrong way. 1. No, I am not rich 2. I don't know why I shouldn't answer the second question just because I am not rich...
by JBTX
Wed Oct 14, 2020 10:12 pm
Forum: Personal Investments
Topic: How to avoid behavioral errors in a taxable account?
Replies: 46
Views: 3561

Re: How to avoid behavioral errors in a taxable account?

I have 1 fund in my taxable account. VTI And I remind myself every time I think about doing something else that it will cause more taxes, which I hate, which makes me just put more into VTI. Bonds are terrible, especially for a young person and especially right now. Don’t buy bonds. International i...
by JBTX
Wed Oct 14, 2020 10:08 pm
Forum: Personal Investments
Topic: How to avoid behavioral errors in a taxable account?
Replies: 46
Views: 3561

Re: How to avoid behavioral errors in a taxable account?

Hello totality Tinkering is an issue especially once the account grows in size. Honestly i am in the cap for “One fund portfolio across all accounts” for simplicity reasons. And it would make it super simple to manage the account for heirs. Have you gone over this thread? https://www.bogleheads.org...
by JBTX
Wed Oct 14, 2020 10:01 pm
Forum: Personal Investments
Topic: Managing Parents' Retirement After Dementia Diagnosis
Replies: 27
Views: 2765

Re: Managing Parents' Retirement After Dementia Diagnosis

While the advisor likely isn't using the investing style many here use, given the history, the amount and the reasonably conservative allocation I wouldn't suggest changing anything right away. I'd probably just try to get a portfolio composition of investments to make sure there isn't anything over...
by JBTX
Wed Oct 14, 2020 9:43 pm
Forum: Investing - Theory, News & General
Topic: Tipswatch: November 1, 2020 I Bond combosite rate of 1.68%
Replies: 2
Views: 644

Re: Tipswatch: November 1, 2020 I Bond combosite rate of 1.68%

Based on the latest Tipswatch post, the November 1, 2020 I Bond composite rate will likley be 1.68% (0% fixed rate, 1.68% variable rate). https://tipswatch.com/2020/10/14/unique-opportunity-i-bonds-as-an-11-month-investment/ With interest rates now in the gutter, I Bonds have become more and more a...
by JBTX
Wed Oct 14, 2020 9:37 pm
Forum: Personal Investments
Topic: Really confused about tax loss harvesting. Plz Help.
Replies: 19
Views: 1393

Re: Really confused about tax loss harvesting. Plz Help.

Do you have any articles or tips on handling TLH myself? I thought the reason for using robo investors is because it is very complicated? Thanks! Tax loss harvesting is one of the finer points of investing and for most less meaningful. For the most part TLH is just tax deferral. You get far more ba...
by JBTX
Wed Oct 14, 2020 9:08 pm
Forum: Investing - Theory, News & General
Topic: Seriously, what is going on with international?
Replies: 216
Views: 19705

Re: Seriously, what is going on with international?

Is a Japan scenario even possible in the US? and what are the likely chances? If it's something like 1%, should it have an impact on your AA? How can you possibly guess that a Japan scenario is only a 1% probability? While I don't see a Japan scenario as likely, a Japan - lite scenario is plausible...
by JBTX
Wed Oct 14, 2020 8:53 pm
Forum: Personal Investments
Topic: Roth Conversion - Is it worth to pay taxes upfront to convert
Replies: 53
Views: 4185

Re: Roth Conversion - Is it worth to pay taxes upfront to convert

I am making deductible contributions to 401k/457/403b. This caught my eye. If you are filling 3 different tax-deferred accounts (and maybe another one for your spouse?) you may be contributing too much to tax-deferred accounts. Before continuing to do this for many years, you should give some consi...
by JBTX
Wed Oct 14, 2020 8:31 pm
Forum: Personal Investments
Topic: Too cash heavy, but do not know how to begin - please help :)
Replies: 35
Views: 4858

Re: Too cash heavy, but do not know how to begin - please help :)

Hey all - As stated in the title, I am being advised by most of my most trusted confidants that I am making major financial mistakes but being too heavily leveraged in cash. I do have a few friends RobinHood'ing and making a killing so I am having a bit of FOMO, but I am also very risk adverse. Sit...
by JBTX
Wed Oct 14, 2020 7:04 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

Whether the money was borrowed or earned shouldn't make a difference as to whether they invest it or waste it on consumption. This is a really interesting concept I've spent a lot of time thinking about and will likely continue to think about in the future. In reality, since most of us have debt, m...
by JBTX
Wed Oct 14, 2020 6:25 pm
Forum: Personal Investments
Topic: Is it worth to do SEP IRA or solo 401k if short term?
Replies: 32
Views: 1472

Re: Is it worth to do SEP IRA or solo 401k if short term?

I have vanguard solo 401k as a (former) sole proprietor and it was easy to set up and really no incremental effort to maintain. As others have said Vanguard is in some ways one of the more inflexible plans in that you can't do roll ins and can't have other family members on the plan.
by JBTX
Wed Oct 14, 2020 6:11 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

I refinanced a house with a mortgage in the amount of $280 K almost 9 years ago. I had two choices -- either a 30 year at 3.5% or a 15 year at 2.875%. I took the 30 year at 3.5% and invested the difference every month in VTSAX. After 9 years: Mortgage balance = $225 K Mortgage balance assuming 15 y...
by JBTX
Wed Oct 14, 2020 5:42 pm
Forum: Personal Investments
Topic: How to avoid behavioral errors in a taxable account?
Replies: 46
Views: 3561

Re: How to avoid behavioral errors in a taxable account?

I am in my 30s, and got serious about saving for retirement a handful of years ago. Since then I've been maxing out my 401k and Roth IRA, and also putting a bit of money leftover into a taxable brokerage account. I have no debt, and a few years of expenses saved in an emergency fund. My 401k and Ro...
by JBTX
Tue Oct 13, 2020 1:16 am
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with not beating the market?
Replies: 142
Views: 10589

Re: How do Bogleheads cope with not beating the market?

I realize I am finally becoming an investor instead of a speculator. I felt really good and less stressed when I finally completed a buy and hold asset allocation portoflio. But then I got a little bored and thought I have all this free time to fill. Shouldn't I apply it to optimizing / tweaking th...
by JBTX
Mon Oct 12, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: "Millennial Millionaire" a Gem
Replies: 20
Views: 3923

Re: "Millennial Millionaire" a Gem

I am sure there are a lot of Bogleheads who could write a similar book. That's a bit unfairly dismissive imo. In the end it's execution that matters; unrealized potential isn't worth much. You caught me before I edited post. Personally I tend to think a book should bring something new to the table,...
by JBTX
Mon Oct 12, 2020 8:21 pm
Forum: Personal Consumer Issues
Topic: Equifax - need advice regarding logging in (refi)
Replies: 9
Views: 406

Re: Equifax - need advice regarding logging in (refi)

Equifax login has a been broken for months. You have to use automated phone service to freeze unfreeze account. Recently went through this with my sons frozen acct . Other credit agencies web site works fine. I found info about issue via Google search. I had no problem unfreezing mine about a month...
by JBTX
Mon Oct 12, 2020 8:10 pm
Forum: Investing - Theory, News & General
Topic: "Millennial Millionaire" a Gem
Replies: 20
Views: 3923

Re: "Millennial Millionaire" a Gem

Never mind.
by JBTX
Mon Oct 12, 2020 8:06 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

Based on the title of this blog I assume the target audience is doctors. A quick google search shows the bulk of medical school student debt interest is 6.36%-7.41%. I have heard it is quite tempting for a young doctor to reward their 30 years of diligence by splurging on luxury goods and oversized...
by JBTX
Mon Oct 12, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning - transfer on death vs will
Replies: 36
Views: 2743

Re: Estate planning - transfer on death vs will

Hello I am trying to work on an estate plan and was hoping to get some input. My understanding is: Transfer on death - this allows transfer of the account on death of the account holder without probate and this would bypass the will as well. This is different than beneficiaries and most useful for ...
by JBTX
Mon Oct 12, 2020 7:39 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

I'm 61, have been debt free for awhile now. It's honestly liberating. The only debt I use now is interest free - for example, I bought a $2800 luxury item last year with zero down and 18 months interest free. I do this from time to time. I could pay cash, but have the cashflow and I'd rather leave ...
by JBTX
Mon Oct 12, 2020 7:12 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 203
Views: 24351

Re: The Wrong Way to Think About Debt - The White Coat Investor

Maybe keeping it overly simplistic ala Dave Ramsey is best for most people. But I don't think there is anything wrong with carrying a low interest mortgage. What the article fails to mention is - there is some value in liquidity. It is obviously difficult to quantify. It is kind of like insurance. F...
by JBTX
Mon Oct 12, 2020 10:51 am
Forum: Personal Investments
Topic: A question about a slightly different way of looking at retirement maybe
Replies: 35
Views: 3043

Re: A question about a slightly different way of looking at retirement maybe

A simple question. If you did a firecalc calculation based on spending and asset allocation for a 50 year retirement and at the end of that retirement firecalc finding were 100% with 2 million left at 100 years old, would you retire? Please make decision only based on those findings and not such th...
by JBTX
Sun Oct 11, 2020 11:01 pm
Forum: Personal Consumer Issues
Topic: Do they still make simple washing machines without any computer chips?
Replies: 77
Views: 6519

Re: Do they still make simple washing machines without any computer chips?

whodidntante wrote: Sun Oct 11, 2020 8:54 pm This one does not use modern technology and has a simple, time tested design. The motor will last as long as you do.
https://www.amazon.com/Columbus-Washboa ... 579&sr=8-7
:annoyed
by JBTX
Sun Oct 11, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7582
Views: 520975

Re: Refinance Mega Thread

About a month ago I locked with loan depot on a 15 year 2.25 cash out with about $5500 fees, most of that closing costs. It is TX and cash out, thus driving higher fees. It is still out there, radio silence almost 2 weeks. Have rates gone down enough to start looking at other options?
by JBTX
Sat Oct 10, 2020 6:00 pm
Forum: Personal Investments
Topic: Roll back Rollover IRA to avoid pro rata?
Replies: 13
Views: 603

Re: Roll back Rollover IRA to avoid pro rata?

It really depends on the size of the 401k and the amount of the fees. Don't let the tail (backdoor Roth) wag the dog (401k)
by JBTX
Sat Oct 10, 2020 5:47 pm
Forum: Investing - Theory, News & General
Topic: "What the Harvard endowment’s below-average grade can teach you about index funds and your investments"
Replies: 45
Views: 4371

Re: "What the Harvard endowment’s below-average grade can teach you about index funds and your investments"

University endowments need to pay for ongoing expenses, not unlike someone in retirement, and so a 100% equities index is probably not the right benchmark. (The article does mention that Harvard has also lagged a 60/40 benchmark.) Correct. How often do BHs suggest that retirees currently drawing fr...
by JBTX
Sat Oct 10, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: "What the Harvard endowment’s below-average grade can teach you about index funds and your investments"
Replies: 45
Views: 4371

Re: "What the Harvard endowment’s below-average grade can teach you about index funds and your investments"

University endowments need to pay for ongoing expenses, not unlike someone in retirement, and so a 100% equities index is probably not the right benchmark. (The article does mention that Harvard has also lagged a 60/40 benchmark.) Correct. How often do BHs suggest that retirees currently drawing fr...
by JBTX
Fri Oct 09, 2020 10:21 pm
Forum: Personal Investments
Topic: What would be an "ok" amount in Roth
Replies: 9
Views: 2115

Re: What would be an "ok" amount in Roth

I don't think you can name a rule of thumb. Diversity is good. The actual depends on individuals situations and the future of tax law which cannot be precisely known. In our case we are approximately 40% Roth, mainly due to some conversions done decades ago. We will continue to cherry pick opportuni...
by JBTX
Fri Oct 09, 2020 10:13 pm
Forum: Personal Consumer Issues
Topic: Relocation - DFW considerations
Replies: 51
Views: 3746

Re: Relocation - DFW considerations

I find DFW area to be a very livable place. It isn't the most exciting place to visit, but the climate is reasonably temperate 8 months out of the year, the people are comparatively more friendly than some other major metropolitan areas, no income tax, housing is more affordable, nice suburbs,etc. Y...
by JBTX
Fri Oct 09, 2020 6:04 pm
Forum: Personal Investments
Topic: Please help dad died fixed annuity quick deadline need advice
Replies: 11
Views: 1410

Re: Please help dad died fixed annuity quick deadline need advice

I'm not an annuity expert, but all else equal I'd probably take the lump sum, but that would be dependent on what the marginal tax rate would be. The only reason I'd exhange into another annuity is if I felt in 10+ years or so my marginal tax rate would be a lot lower. As a general rule annuities ar...
by JBTX
Fri Oct 09, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5879

Re: Buying second house - dilemma

...How much price appreciation will the house experience? That's an unknown. Cash flows, on the other hand, are known. The OP mention a purchase price and a current value, this determines a CAGR. Sure there are unknowns in projecting it into the future, but cash flows for stocks didn't come down th...
by JBTX
Fri Oct 09, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: Relocation - DFW considerations
Replies: 51
Views: 3746

Re: Relocation - DFW considerations

One month ago, I solicited comments for a potential relocation from Indianapolis to Denver. Since then, my future wife has received an acceptance offer from a similar graduate program at University of North Texas - Health Science Center (UNTHSC) in Fort Worth, TX. In terms of program length and ove...
by JBTX
Fri Oct 09, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: Geico umbrella policy doubled
Replies: 17
Views: 3090

Re: Geico umbrella policy doubled

My Geico umbrella policy increased by about 100% this year. I currently have a $2M policy, which insures my personal home, four cars, two adults, two "inexperienced drivers" and some rental properties. I had been paying around $900/yr, but with this year's increase, my bill is now close to $2000 fo...
by JBTX
Fri Oct 09, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: Kids IRA
Replies: 2
Views: 451

Re: Kids IRA

+1

For the most part all it takes is legitimate earned (work related) income by the child.
by JBTX
Fri Oct 09, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5879

Re: Buying second house - dilemma

...How much price appreciation will the house experience? That's an unknown. Cash flows, on the other hand, are known. The OP mention a purchase price and a current value, this determines a CAGR. Sure there are unknowns in projecting it into the future, but cash flows for stocks didn't come down th...
by JBTX
Fri Oct 09, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: Impact of Fracking on Energy / O&G Fund Prices
Replies: 12
Views: 889

Re: Impact of Fracking on Energy / O&G Fund Prices

This is not a political post, but rather an attempt to better understand the price relationship between traditional market forces (especially on the supply side) and potential future fracking restrictions or a fracking ban (whether it be near term or long term). Specifically, I’d like to hear folks...
by JBTX
Fri Oct 09, 2020 3:29 am
Forum: Investing - Theory, News & General
Topic: Impact of Fracking on Energy / O&G Fund Prices
Replies: 12
Views: 889

Re: Impact of Fracking on Energy / O&G Fund Prices

This is not a political post, but rather an attempt to better understand the price relationship between traditional market forces (especially on the supply side) and potential future fracking restrictions or a fracking ban (whether it be near term or long term). Specifically, I’d like to hear folks...
by JBTX
Fri Oct 09, 2020 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Profit Sharing Plan
Replies: 8
Views: 779

Re: Profit Sharing Plan

I'm not an expert on all specifics of qualified plans, but I know they are deemed qualified because they adhere to certain rules and regulations and they are deemed non discriminatory, and to the extent they are "qualified" they are allowed special tax preferences. Making an "exception" puts the who...
by JBTX
Fri Oct 09, 2020 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5879

Re: Buying second house - dilemma

Keeping and renting current house would be something like $15000 income on $500k of equity if mortgage were paid off. That's a pretty poor return on investment. About 3.0%... As a long-time real estate investor and landlord, I laugh at that analysis. It does not take price appreciation into account...
by JBTX
Thu Oct 08, 2020 10:54 pm
Forum: Investing - Theory, News & General
Topic: Impact of Fracking on Energy / O&G Fund Prices
Replies: 12
Views: 889

Re: Impact of Fracking on Energy / O&G Fund Prices

I see zero percent chance of fracking regulations so burdensome that it materially alters the supply landscape. It is possible you could see further regulations limiting the escape of natural gas or other pollutants in the process, but I have no reason to think technology and the market can't adapt ...
by JBTX
Thu Oct 08, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: Is now the time to think about active investing??
Replies: 32
Views: 3116

Re: Is now the time to think about active investing??

providing an opportunity for active managers to pick the innovative winners that will continue to drive market-cap gains.” There is always the opportunity for active managers to beat the market. A minority of active managers do beat the market. That minority grows smaller as time goes forward. I co...
by JBTX
Thu Oct 08, 2020 8:45 pm
Forum: Investing - Theory, News & General
Topic: Whence inflation?
Replies: 127
Views: 6821

Re: Whence inflation?

Good analysis - other points to consider: Velocity of money is hard to predict. I remember 30 years ago in my economics class the assumption taught was velocity is fairly constant. The events of the past couple of decades show that may not be the case. It isn't unreasonable to think that velocity st...
by JBTX
Thu Oct 08, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5879

Re: Buying second house - dilemma

Keeping and renting current house would be something like $15000 income on $500k of equity if mortgage were paid off. That's a pretty poor return on investment. About 3.0%... As a long-time real estate investor and landlord, I laugh at that analysis. It does not take price appreciation into account...
by JBTX
Wed Oct 07, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5879

Re: Buying second house - dilemma

Keeping and renting current house would be something like $15000 income on $500k of equity if mortgage were paid off. That's a pretty poor return on investment. About 3.0%.

What is the motivation to keep 2 properties?
by JBTX
Wed Oct 07, 2020 8:47 pm
Forum: Investing - Theory, News & General
Topic: Reasons to Use a Roth IRA for Your Emergency Fund
Replies: 18
Views: 1377

Re: Reasons to Use a Roth IRA for Your Emergency Fund

theres a 5 year waiting limit (ok 4 yrs 1 day, if you contribute on Dec 31st) for each contribution though right? better not have an emergency in those 5 years. https://www.schwab.com/ira/roth-ira/withdrawal rules Contributions are always penalty free. Earnings are subject to 5 year rule, but the c...
by JBTX
Wed Oct 07, 2020 12:15 pm
Forum: Personal Consumer Issues
Topic: Need Backup camera for car
Replies: 11
Views: 928

Re: Need Backup camera for car

1. Have model with screen sitting somewhere on dash 2. Have rear view mirror screen (which detracts from actual rear view mirror functionality) 3. Replace stereo unit with one with screen (current stereo is otherwise fine as is) 1. Takes away from your view of the road. 2. Screen too small to be of...