Search found 6912 matches

by JBTX
Tue Aug 15, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 15173

Re: Is $9000 too much for a sectional sofa ?

barnaclebob wrote: Tue Aug 15, 2017 2:22 pm Watch this SNL skit and then ask if you even want a sectional:

https://www.youtube.com/watch?v=4-Sjy5DF28s

As for your question, $9k wouldn't surprise me for a large custom high quality piece of furniture.
Excellent !!
by JBTX
Tue Aug 15, 2017 2:28 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 15173

Re: Is $9000 too much for a sectional sofa ?

There's no way I would spend that kind of money on furniture if I had kids, I probably wouldn't spend it anyways but definitely not if I had kids. I'm just picturing my freak out when the first food or drink is spilled, it ain't pretty. Now whether that's a fair price for a custom sofa of this qual...
by JBTX
Tue Aug 15, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 15173

Re: Is $9000 too much for a sectional sofa ?

Masterblaster wrote: Tue Aug 15, 2017 11:48 am
Marjimmy wrote: Tue Aug 15, 2017 11:39 am Is $9000 too much for a sectional sofa ?
That depends... Is the $9000 per section or for the whole sofa ?
Whole thing. All 4 pieces
by JBTX
Tue Aug 15, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 8874

Re: Plan for making child pay for part of college

People in college need to be either working or interning, degrees don't get jobs skills and work experience do. Should they be flipping burgers? Probably not but if they want to get a job when they graduate they absolutely NEED to be working in their eventual field in some capacity. We have 3 reall...
by JBTX
Tue Aug 15, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 8874

Re: Plan for making child pay for part of college

While there is obviously value in kids / young adults gaining work experience and working their way up, the flip side is they are working a slightly above minimum wage job (and taking on debt ) which takes time away from their expensive college studies and experience. You would think that's the cas...
by JBTX
Tue Aug 15, 2017 11:52 am
Forum: Personal Investments
Topic: Both tIRA and Roth investment composition
Replies: 4
Views: 645

Re: Both tIRA and Roth investment composition

It doesn't seem to be a topic discussed here that much. I was just curious. I suppose if you were really worried market was overvalued and is going to crash you could put your equities in tIRAs to reduce the tax burden, but ultimately that in itself is a form of active and speculative management. In...
by JBTX
Tue Aug 15, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 15173

Is $9000 too much for a sectional sofa ?

As I've said elsewhere we are doing a major home remodel, and part of that is replacing our old nasty crappy furniture in a few rooms. The person helping us with all of this is a designer and a GC. She has been great in the remodel, steering us in a direction that we really like and hiring and handl...
by JBTX
Tue Aug 15, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 8874

Re: Plan for making child pay for part of college

While there is obviously value in kids / young adults gaining work experience and working their way up, the flip side is they are working a slightly above minimum wage job (and taking on debt ) which takes time away from their expensive college studies and experience. You would think that's the cas...
by JBTX
Tue Aug 15, 2017 11:00 am
Forum: Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 3123

Re: Value of International Stock in 401k?

As to your leveraged example, you aren't taking it to its logical end. There is always a chance that you can get all heads and your return will be much greater and average out all the busts. Yes. In N years you have a 2^(-N) chance of having 2^(2N) times your original investment, otherwise you have...
by JBTX
Tue Aug 15, 2017 12:33 am
Forum: Personal Investments
Topic: Where to invest after maxing out, with a twist
Replies: 14
Views: 2808

Re: Where to invest after maxing out, with a twist

Hi all, I’m new to this forum and read the The Bogleheads' Guides 4 years ago and have worked steadily on my finances. I have a been given a raise recently and I was wondering where I should put my additional cashflow (~$1500/mo). The options that I am considering are paying down mortgage, 529, sav...
by JBTX
Mon Aug 14, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: What's your personal criteria for deciding whether or not to rent a car?
Replies: 105
Views: 7745

Re: What's your personal criteria for deciding whether or not to rent a car?

We take a couple round trips each year that over 2000 miles RT each (family in FL and MN ). Most times take our own cars. A couple of times I did take a rental and on a weekly basis wasn't a bad deal. One time i did it for work reimbursement purposes (doing work on trip also) and the other my car wa...
by JBTX
Mon Aug 14, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: Car Rental on Current Car Insurance Policy?
Replies: 16
Views: 1857

Re: Car Rental on Current Car Insurance Policy?

I don't. But I've had a few accidents and had to pay rental out of pocket. I guess it depends on the cost. While typically you don't insure for small dollar things you can afford, there is a convenience factor of having rental paid for vs having to eat the cost. Plus last couple of times I was in ac...
by JBTX
Mon Aug 14, 2017 9:21 pm
Forum: Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 3123

Re: Value of International Stock in 401k?

I'd have to play out the math on your example but on the surface it doesnt make sense. You generally don't gain return by diversification. What you do is minimize volatility. You need to play out the math. Gaining return and minimizing volatility are the same thing. That's why we often talk in term...
by JBTX
Mon Aug 14, 2017 8:38 pm
Forum: Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 3123

Re: Value of International Stock in 401k?

Moreover, one can treat the 401k holdings as a unified account with the IRA. One could then hold international stocks in an IRA and save 1-1.2%% in fees. This seems like a no-brainer. Why not just contribute to your 401k at a level to obtain the maximum match, if any, and then prioritize IRA contri...
by JBTX
Mon Aug 14, 2017 8:28 pm
Forum: Personal Investments
Topic: Both tIRA and Roth investment composition
Replies: 4
Views: 645

Both tIRA and Roth investment composition

For those that have accumulated funds in both Roths and Traditional IRAs / 401k (and also taxable accounts) , how do you allocate your investment classes across tax deferred vehicles, or do you? I tend to be more equity heavy in Roths and more income heavy in traditionals under the theory that equit...
by JBTX
Mon Aug 14, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 8874

Re: Plan for making child pay for part of college

For those that can afford to help pay for their kids college, often those who had to pay for their own college see value in their kids pitching in, those who didn't probably less so. In my case I was lucky enough to have my parents pay for it. But they instilled the values not to squander it. We pla...
by JBTX
Mon Aug 14, 2017 6:37 pm
Forum: Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 3123

Re: Value of International Stock in 401k?

Moreover, one can treat the 401k holdings as a unified account with the IRA. One could then hold international stocks in an IRA and save 1-1.2%% in fees. This seems like a no-brainer. Why not just contribute to your 401k at a level to obtain the maximum match, if any, and then prioritize IRA contri...
by JBTX
Mon Aug 14, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: best credit card for airline mile
Replies: 37
Views: 7530

Re: best credit card for airline mile

I've kind of steered away from airline mileage cards for one airline. Rarely can I use the points economcally without either going to a higher point tier or paying a copayment along with the points to use them. Some of the hotel chain cards look more useful. The non airline travel cards are better a...
by JBTX
Mon Aug 14, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 5551

Re: Public vs Private Elementary

There have been controlled studies that have generally shown the outcomes (test scores etc) is just as good in public schools vs private when you control for demographic factors. In fact in terms of academics public schools did slightly better than religious based private schools (again controlling ...
by JBTX
Mon Aug 14, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 84
Views: 13918

Re: Retired Boglehead obsession with money- devil's advocate

1. By nature those that worry enough to save are probably still going to worry when the goal is reached. There are always theoretical risks and benefits to having more. Conversely those who don't worry probably won't save as much to begin with. 2. While it is true that people generally start to beco...
by JBTX
Sun Aug 13, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 8738

Re: Expect to spend $2.6M on healthcare?

I came across this report while trying to find estimates for the cost of healthcare in retirement: http://www.hvsfinancial.com/PublicFiles/2017_Retirement_Health_Care_Costs_Data_Report_FINAL_6.13_V2.pdf Key points: A 65 year old couple today can expect to spend $404,253 on lifetime Medicare-related...
by JBTX
Sun Aug 13, 2017 7:59 pm
Forum: Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 2254

Re: Create a Mortgage Payoff Fund or Not?

200k emergency fund, eh? Some people retire with less money. The problem is we have zero context of his total portfolio. How much does he have in retirement or taxable equities or bonds, etc? If he is 50 and has $1 million + in stocks/bonds in various accounts, having a $200K cash balance may not s...
by JBTX
Sun Aug 13, 2017 7:43 pm
Forum: Personal Consumer Issues
Topic: Tub/shower/bath cleaners...your recommended products?
Replies: 20
Views: 3401

Re: Tub/shower/bath cleaners...your recommended products?

For glass shower doors and to some extent the whole shower, a combination of vinegar and dawn dishwashing soap works very well for build up. You can google this and see all kinds of videos. It really does work. Once clean I find using a product like clean shower everyday after you shower works very ...
by JBTX
Sun Aug 13, 2017 5:08 pm
Forum: Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 2254

Re: Create a Mortgage Payoff Fund or Not?

200k emergency fund, eh? Some people retire with less money. The problem is we have zero context of his total portfolio. How much does he have in retirement or taxable equities or bonds, etc? If he is 50 and has $1 million + in stocks/bonds in various accounts, having a $200K cash balance may not s...
by JBTX
Sun Aug 13, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 2024

Re: Alternatives/choices with ambulance or rescue squad

If you really want to save serious money, consider a medical bracelet that says "DO NOT AIRLIFT". I've seen instances where a helicopter was called in, simply because it was available, and an ambulance transport would have been just as fast. I know it's sometimes necessary, based on your location o...
by JBTX
Sun Aug 13, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 2024

Re: Alternatives/choices with ambulance or rescue squad

We had to use emergency transport for a non life threatening situation a couple of times recently (more detail than I'd rather get into). One downside of such transportation is that the providers are typically not under contract with insurance companies so basically they charge you whatever they dam...
by JBTX
Sun Aug 13, 2017 3:28 pm
Forum: Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 2254

Re: Create a Mortgage Payoff Fund or Not?

It's really impossible to answer that question without a full financial picture but I tend towards option 2 and using a portion of the funds to - Maximize any 401ks, roths, backdoor roths or any other retirement vehicles you haven't maximized - invest in taxable account in a conservative low fee tax...
by JBTX
Sun Aug 13, 2017 3:12 pm
Forum: Personal Investments
Topic: RE: Retirement and College Planning
Replies: 17
Views: 1935

Re: RE: Retirement and College Planning

I'm thinking realistically you have two options at your stage in life given where you are: Save aggressively for retirement until 68-70 and perhaps you will have enough to retire. Then: 1. Leave the financing of your kids education to them. They can go to community colleges or state schools and perh...
by JBTX
Sun Aug 13, 2017 2:58 pm
Forum: Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 3286

Re: 401k + ira + roth = confused

Hi, trying to get my head wrapped around something... I'm 100% owner of a Texas S corp with employees. I file an 1120s K-1. I'm opening a safe harbor through Employee Fiduciary. My wife and I both have traditional IRA's with balances of +/- 52k and 30k I'm in a higher tax bracket. My plan is to fun...
by JBTX
Sat Aug 12, 2017 1:46 am
Forum: Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 3286

Re: 401k + ira + roth = confused

Hi, trying to get my head wrapped around something... I'm 100% owner of a Texas S corp with employees. I file an 1120s K-1. I'm opening a safe harbor through Employee Fiduciary. My wife and I both have traditional IRA's with balances of +/- 52k and 30k I'm in a higher tax bracket. My plan is to fun...
by JBTX
Sat Aug 12, 2017 1:39 am
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 3766

Re: "Why do you want to come here?" Hiring Manager Question

You can over think these things. Decades ago I had an interview with a big rig truck dealership that paid pretty lucrative salaries for management staff. I had done well in the interviews and the final step was a phone conversation with a third party psychologist they hire to evaluate fit. In some o...
by JBTX
Sat Aug 12, 2017 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Career Decision - HCOL area vs. LCOL area
Replies: 13
Views: 2238

Re: Career Decision - HCOL area vs. LCOL area

rebellovw wrote:You are too young in my opinion and being single I would think D.C. would be more fun.
From what I've heard D.C. Area is good area to be young and single. But it's always easy for older married farts like me to say such things.
by JBTX
Sat Aug 12, 2017 1:18 am
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 23563

Re: How far would you travel to see The Eclipse?

DFW is in path of 2024? I think I'll wait. Not going to pull kids out of school to go to this one.
by JBTX
Sat Aug 12, 2017 12:46 am
Forum: Personal Investments
Topic: $10K help
Replies: 6
Views: 1365

Re: $10K help

Hey guys, I already have a roth, maxed out for the year. I have an extra $10K, and I'm wondering if investing it in a regular account via my online broker is a safe avenue? What would you recommend? I hate keeping it in my bank account, doing nothing. I don't need to touch it for another 16 years. ...
by JBTX
Sat Aug 12, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

It would seem that if the RMD amounts were low enough not to trigger high tax rates in an accumulation trust then the RMD amounts wouldn't be high enough to be a "material" risk for a conduit trust - lets say $10,000 per year for instance. Most likely the $10k distribution would be spent by benefic...
by JBTX
Sat Aug 12, 2017 12:21 am
Forum: Personal Investments
Topic: RE: Retirement and College Planning
Replies: 17
Views: 1935

Re: RE: Retirement and College Planning

Am I right you only have $70k in retirement accounts at 50 years old? If so you have work to do to fund your retirement in approx 15-20 years and especially if you want to help with kids college. Of course how much you need depends on how much you spend which i don't think you spelled out. Not wanti...
by JBTX
Fri Aug 11, 2017 11:53 pm
Forum: Personal Investments
Topic: AA, IPS. Tinkering trap?
Replies: 11
Views: 1548

Re: AA, IPS. Tinkering trap?

The adjustments seem reasonable to me for a 60 year old nearing retirement in a extended bull market now. Not a huge enough to make a giant difference. The upside of such minor tinkering is it won't materially affect your situation but it may make you feel that you are more actively involved. Over t...
by JBTX
Fri Aug 11, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

FireChief, The key risks we would like to address are: - Protection from creditors and legal judgements. - Protection for DD in case a future spouse pressures her to use these assets (low risk at this point) Not very concerned that either DW or DD would blow the money, they are both smart, capable ...
by JBTX
Fri Aug 11, 2017 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

It seems like conduit trust offers less protection but the accumulation trust offers less favorable tax treatment upon distribution. Obviously I have a lot to learn about this. The only difference with tax treatment is that RMDs accumulated within the trust (rather than being immediately distribute...
by JBTX
Fri Aug 11, 2017 9:19 pm
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 107
Views: 26131

Re: Best place (with warm weather) to raise children

At one point we were considering a move from ND to Anthem, AZ (north Phoenix). The schools had great ratings the school rating sites. We then talked to a family that moved from that area to ND. The wife had worked in the school districts around Phoenix. Said the schools were not nearly as safe or g...
by JBTX
Fri Aug 11, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

It seems like conduit trust offers less protection but the accumulation trust offers less favorable tax treatment upon distribution. Obviously I have a lot to learn about this. The only difference with tax treatment is that RMDs accumulated within the trust (rather than being immediately distribute...
by JBTX
Fri Aug 11, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

In our last update of wills and trusts a couple of years ago the trust document was revised to include "benefits trusts" designed to receive retirement plan assets if both me and spouse die prematurely. Are those "benefits trusts" conduit trusts or accumulation trusts? No idea. I have no idea what ...
by JBTX
Fri Aug 11, 2017 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

This is a random google result of retirement benefits trust.

http://www.kelleherbuckley.com/Retireme ... Trusts.pdf
by JBTX
Fri Aug 11, 2017 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

In our last update of wills and trusts a couple of years ago the trust document was revised to include "benefits trusts" designed to receive retirement plan assets if both me and spouse die prematurely. Are those "benefits trusts" conduit trusts or accumulation trusts? No idea. I have no idea what ...
by JBTX
Fri Aug 11, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 12010

Re: Do I really need a trust?

In our last update of wills and trusts a couple of years ago the trust document was revised to include "benefits trusts" designed to receive retirement plan assets if both me and spouse die prematurely. Do you have life insurance? Where does that go? A trust document can spell out how you want funds...
by JBTX
Fri Aug 11, 2017 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 10924

Re: Struggling with Justifying an Expensive Car Purchase

Bottom line is you are doing a great job of saving overall and one expensive car purchase isn't going to change that. We would never spend that kind of money on a car, but we probably waste tens of thousands every year on discretionary spending. Biggest concern is purchase of car and renovation whic...
by JBTX
Fri Aug 11, 2017 12:58 am
Forum: Personal Consumer Issues
Topic: Warm Place for Thanksgiving family reunion
Replies: 27
Views: 3270

Re: Warm Place for Thanksgiving family reunion

You can get a nice AirBnB in dallas for that many people at that price for that weekend. Dallas is easily accessible from all over the country, often with direct flights. Dallas area may or may not be warm over thanksgiving if that matters. The weather is kind of all over the place. It snowed in 19...
by JBTX
Fri Aug 11, 2017 12:27 am
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 66
Views: 11938

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

Flickering means the engine is misfiring (spark plug fires but the gasoline does not ignite). That can be due to relatively minor issues like a valve cover gasket leaking oil in the spark plug well, or bad coil pack, or it could be a serious issue like a failed engine internal component. As far as ...
by JBTX
Fri Aug 11, 2017 12:18 am
Forum: Personal Consumer Issues
Topic: Warm Place for Thanksgiving family reunion
Replies: 27
Views: 3270

Re: Warm Place for Thanksgiving family reunion

You can get a nice AirBnB in dallas for that many people at that price for that weekend. Dallas is easily accessible from all over the country, often with direct flights. Dallas area may or may not be warm over thanksgiving if that matters. The weather is kind of all over the place. It snowed in 19...