Search found 7016 matches

by JBTX
Wed Aug 02, 2017 4:56 pm
Forum: Personal Investments
Topic: Young Investor, What am I doing?
Replies: 12
Views: 1305

Re: Young Investor, What am I doing?

Annuity, no. Generally the only people they make rich are the people selling them. Trading individual stocks? No. That is no different than gambling. Invest some of the money, hold a little back. As mentioned a Roth IRA would be great if you get any income. Whatever you invest use low cost index mut...
by JBTX
Wed Aug 02, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 11538

Re: Retire early, live abroad until 65 and come back

What are you going to live on while abroad? Does that come out of the $1.5 million?

Seems a little light but that totally depends on how much you spend.
by JBTX
Wed Aug 02, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Should I spend 5k annually on travel?
Replies: 75
Views: 9840

Re: Should I spend 5k annually on travel?

Yes travel. My only significant regrets is not traveling abroad more. When you are married with kids it is much harder.

Of the trips I have made both domestic and abroad i don't regret one penny spent.
by JBTX
Wed Aug 02, 2017 4:23 pm
Forum: Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 11956

Re: Burned out at 28. Do I have enough?

Treat this as an (early) mid-life crisis. - Take a vacation - Have a fling - Buy a red sports car. Then get back to work. This is the advice you should heed. You will encounter other difficulties as you age and this doesn't seem like enough reason to make a potentially big change financially. Tend ...
by JBTX
Wed Aug 02, 2017 1:39 pm
Forum: Personal Investments
Topic: 529 and Coverdell issues
Replies: 4
Views: 545

529 and Coverdell issues

I'd like some feedback on this if possible. I have 2 kids 16 and 13. 13 year old is special needs (autism). It is hard to project to the future but it highly doubtful he will go to a traditional college. It could be possible he goes to some program which combines living assistance and life skills al...
by JBTX
Wed Aug 02, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: prescriptions drugs and claw backs
Replies: 20
Views: 2122

Re: prescriptions drugs and claw backs

We have new benefits and of my kids key meds isn't covered and the Substitutes are not as good. We are appealing for coverage but looking at the GoodRx it may be "affordable"'for us to go that route if coverage appeal is denied.
by JBTX
Wed Aug 02, 2017 12:32 pm
Forum: Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 1233

Re: Request help deciding on Roth vs Traditional

I wish I could find an article I had read. It could have been 10 years ago or more about a couple of academic types who recommended against traditional IRAs and 401ks and in many cases preferred taxable accounts with low taxable gains rates vs traditional IRA. It mostly came down to the tax rate on...
by JBTX
Wed Aug 02, 2017 11:42 am
Forum: Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 1233

Re: Request help deciding on Roth vs Traditional

I wish I could find an article I had read. It could have been 10 years ago or more about a couple of academic types who recommended against traditional IRAs and 401ks and in many cases preferred taxable accounts with low taxable gains rates vs traditional IRA. It mostly came down to the tax rate on ...
by JBTX
Wed Aug 02, 2017 11:10 am
Forum: Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 1233

Re: Request help deciding on Roth vs Traditional

I've read the case against the 401k article.... Just curious - which one is that? Sorry it's case against the ROTH 401k, not all 401k. https://thefinancebuff.com/case-against-roth-401k.html I found that and it gave me some food for thought and may have to rethink some of my strategies going forward...
by JBTX
Wed Aug 02, 2017 10:52 am
Forum: Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 1233

Re: Request help deciding on Roth vs Traditional

You can have $170K in income and remain in the 25% tax bracket for married filing jointly and with standard deductions. If you and your spouse collect $60K/yr in SS, that leaves $120K per year (85% of SS is taxed) for other income, such as Traditional withdrawals. In order to have an RMD of $120K t...
by JBTX
Wed Aug 02, 2017 10:11 am
Forum: Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 1233

Re: Request help deciding on Roth vs Traditional

I would generally agree max out Roth IRAS for him and her and do 401k regular. Also eventually if you can save more consider self employment retirement plan (solo 401k; SIMPLE, etc) I am not as leery as Roth as some here tend to be. If you retire with decent savings you will have taxable RMDs much o...
by JBTX
Wed Aug 02, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 35
Views: 5285

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

That's about what we paid about 15 years ago for wills and trusts for a situation somewhat similar to yours and recently paid a similar amount to update them as our situations had materially changed. Given your incomes and assets and life insurance it isn't an unreasonable fee. More importantly do ...
by JBTX
Tue Aug 01, 2017 11:49 pm
Forum: Personal Consumer Issues
Topic: locking in kids' [life] insurance status
Replies: 11
Views: 1137

Re: locking in kids' [life] insurance status

I know a family of 5 with 3 kids under 12. The father has physical and mental issues, and the mother is terminally ill with cancer. Concern is the kids future ability to afford life insurance of any kind with this background. I'm told right now, they can get 'best health' status with at least one r...
by JBTX
Tue Aug 01, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: $300k at 32. Doing well?
Replies: 14
Views: 3779

Re: How are they doing? $300k at 32

Hey friends, A friend of ours would like to get a pulse on what the Bogleheads think of their progress so far. They're more interested in their net worth progression, savings rate, and general financial health than a portfolio review (which is heavily target date funds and low cost etf's and index ...
by JBTX
Tue Aug 01, 2017 11:30 pm
Forum: Personal Investments
Topic: Will my older self thank me?
Replies: 38
Views: 4089

Re: Will my older self thank me?

While I've never wished I had spent more on material expenses I have never regretted any money spent on travel vacations. I agree experiences are much more valuable than things.
by JBTX
Tue Aug 01, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 35
Views: 5285

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

Hoping to get some general recommendations on this situation. (I.E. is this reasonable or too much for what we need?) My wife and I have our first child now, so we are looking to do the responsible thing and have a will made. I don't know much of anything regarding the terminologies of wills, trust...
by JBTX
Tue Aug 01, 2017 11:17 pm
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 10022

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

I've looked around and ethanol free gas isn't available at all at gas stations in the DFW metroplex You can buy it at Home Depot but it is pretty expensive several dollars a quart.
by JBTX
Tue Aug 01, 2017 11:09 pm
Forum: Personal Investments
Topic: Will my older self thank me?
Replies: 38
Views: 4089

Re: Will my older self thank me?

I'm 54 and I don't think I've ever looked back and said I'd wish I'd spent more. When I was young I saved a decent amount and over time that has paid off. At that age instead of looking at what something cost ( like a new car) I looked at what that amount spent would have been compounded over severa...
by JBTX
Tue Aug 01, 2017 10:58 pm
Forum: Personal Consumer Issues
Topic: prescriptions drugs and claw backs
Replies: 20
Views: 2122

Re: prescriptions drugs and claw backs

If you don't want to pay out of pocket for prescription drugs, why are you on a high deductible plan? That is the nature of the beast. Sorry I didn't make it clear. it is about being charge " more than retail " and the insurance company clawing back the difference to keep for themselves. ...
by JBTX
Tue Aug 01, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: Any problem leaving a hole in ceiling of garage?
Replies: 27
Views: 4852

Re: Any problem leaving a hole in ceiling of garage?

Probably depends on how much moisture you have. If you live in an area with a lot of moisture excessive moisture in the attic can cause problems.
by JBTX
Tue Aug 01, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: prescriptions drugs and claw backs
Replies: 20
Views: 2122

Re: prescriptions drugs and claw backs

I recently did a 6 week gig at a pharma division of a consumer products company and gave some pretty good insight on the wacky world of pharma pricing. This article is 12 years old but still very good at explaining the complexities. The introduction of pharmacy benefit managers has added even more c...
by JBTX
Tue Aug 01, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sell inherited investments to pay off mortgage?
Replies: 23
Views: 2797

Re: Sell inherited investments to pay off mortgage?

Depends on your age and a lot of other things. 3.375% is a damn good 30 year rate which would be hard to get now. If you Know you won't need it and it is sitting there getting 1% then yeah pay it off but again I kind of like some liquidity now that I'm in my 50's.
by JBTX
Tue Aug 01, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Need advice - Job
Replies: 37
Views: 4314

Re: Need advice - Job

I agree with a lot of the other posters who have said not to go in and say "I have xx offer, will you match". It sets the wrong tone right off the bat. Personally, I would go to my manager and ask for a raise; do a little market research and point out to him/her that you're seeing similar...
by JBTX
Tue Aug 01, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 10022

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

There is no need to get ethanol free gas. Before you bring your gas can can to the station to be filled, put in gas stabilizer in the can. I prefer Pri-G. Now every time you fill your equipment, you are putting in stabilizer too. At the end of the season just run the gas out of your lawn mower/snow...
by JBTX
Tue Aug 01, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 10022

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

I had a lawnmower repair guy tell me that Briggs and Sratton underwent some changes and the quality of their product isn't what it used to be. I have a walk behind mower with rear wheel self propel. I ended up buying a Honda because all the reviews were much higher in various sites. I've had it for ...
by JBTX
Tue Aug 01, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Any tips for negotiating with extended stay hotels?
Replies: 5
Views: 1816

Re: Any tips for negotiating with extended stay hotels?

I've spent a couple of different weeks in hotels recently during our remodel. Some of the them do have weekly rates that are substantially lower. I usually look at various travel web sites,'but also call locally, ask for AAA rates, AARP rates as well as corporate rates of my former employer, and fin...
by JBTX
Tue Aug 01, 2017 4:10 pm
Forum: Personal Investments
Topic: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.
Replies: 18
Views: 6898

Re: Using VMVFX Vanguard Minimum Volatility fund for international.

A few years ago I threw some money ( not a terribly material amount relative to total investments but not chump change either) into a couple of these low volatility etfs because there seemed to be some merit in the approach. The theory is historically minimum volatily funds are less risky, but also ...
by JBTX
Tue Aug 01, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: DIY Radiant Barrier in attic?
Replies: 27
Views: 7645

Re: DIY Radiant Barrier in attic?

Radiant barriers if done correctly can work but are highly overrated and often done in a way that makes the useless http://www.energyvanguard.com/blog/41522/Oooh-Shiny-Stuff-Radiant-Barrier-Fundamentals According to this ther must be an air gap between the underside of rood and the radiant barrier. ...
by JBTX
Tue Aug 01, 2017 2:09 pm
Forum: Personal Investments
Topic: suggestions on self-employed investing low cost account
Replies: 24
Views: 1805

Re: suggestions on self-employed investing low cost account

These details are helpful and now your situation makes more sense. OP, have you considered working a job instead of working for your husband's business? $45K is not a lot for two people. If you were to take a job at Starbucks or some place like that, you would start contributing very quickly to Soc...
by JBTX
Tue Aug 01, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Buying a 2017 Lexus ES 350
Replies: 27
Views: 4291

Re: Buying a 2017 Lexus ES 350

I think the ES is basically a Camry chassis isn't it? Maybe go with a Camry. It was up until 2011, albeit on a stretched version of the Camry platform for many years before that. It was switched to the larger and better-riding Avalon chassis for the 2012 model year. Ok didn't realize that. The ES s...
by JBTX
Mon Jul 31, 2017 10:46 pm
Forum: Personal Investments
Topic: Incorporating a taxable account into our portfolio or pay down debt?
Replies: 7
Views: 1003

Re: Incorporating a taxable account into our portfolio or pay down debt?

Seems overall you are on the right path. Typically somebody in their early 30s I wouldn't rush to pay off low interest loans but if you funded all of your retirement 529 and liquidity needs then paying off some of a 4.5% 10 year makes some sense. Bogle has said he thinks next decade stocks will only...
by JBTX
Mon Jul 31, 2017 10:35 pm
Forum: Personal Consumer Issues
Topic: Buying a 2017 Lexus ES 350
Replies: 27
Views: 4291

Re: Buying a 2017 Lexus ES 350

I love modern cars with all of the gadgets. i cant imagine driving a 1998 lexus. I would modernize if you can afford it. But the OP doesn't like the gadgets. I can sympathize. More things to break. It seems that many people want their car to be their computer. I want my car to be a car. I think the...
by JBTX
Mon Jul 31, 2017 10:31 pm
Forum: Personal Consumer Issues
Topic: How much should I fix up my house before selling?
Replies: 10
Views: 2366

Re: How much should I fix up my house before selling?

I live in a small town in the Midwest and have a large 3,200 sq ft house built in 1960 that I will need to sell next year. I paid $190,000 for it when I bought it 5 years ago. I'm trying to decide what improvements I should make before selling, particularly related to the following: I'm sure there ...
by JBTX
Mon Jul 31, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Buying a 2017 Lexus ES 350
Replies: 27
Views: 4291

Re: Buying a 2017 Lexus ES 350

The LS is beautiful but I find it too big. I am open to considering a low mileage ES. We have always bought only new cars. What is the best way to go about looking a for used cars? I know people do a lot on the internet. What are good and reliable sites? Each Lexus dealer should have "Certifie...
by JBTX
Mon Jul 31, 2017 1:17 pm
Forum: Personal Investments
Topic: Active vs index, etc.
Replies: 34
Views: 3364

Re: Active vs index, etc.

This morning I was thinking exactly the same thing as the OP. Thanks to this forum which I have been reading without registering for many years my portfolio is currently ~80% Boglehead. However there are some exceptions that comprise the other 20%. For example, I "aint letting go" of POND...
by JBTX
Sun Jul 30, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate Formula - Explicitly Spelled Out
Replies: 50
Views: 5303

Re: Savings Rate Formula - Explicitly Spelled Out

Looking for savings rate formula around here, I seem to find too many textual descriptions of the savings rate and found it hard to decipher. I have a mathematical training as do most of us here, so here is my attempt to explicitly show the savings rate formula: Gross Income = Taxes + Spending + Sa...
by JBTX
Sun Jul 30, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate Formula - Explicitly Spelled Out
Replies: 50
Views: 5303

Re: Savings Rate Formula - Explicitly Spelled Out

Looking for savings rate formula around here, I seem to find too many textual descriptions of the savings rate and found it hard to decipher. I have a mathematical training as do most of us here, so here is my attempt to explicitly show the savings rate formula: Gross Income = Taxes + Spending + Sa...
by JBTX
Sun Jul 30, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 144
Views: 20323

Re: Your "at peace" moments.

Good thread. For me bottom line is I really don't have anything like this now. I do have downtime here and there but with 2 kids full time working spouse and off an on contract gigs lately I haven't really taken the time to do this.
by JBTX
Sun Jul 30, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 13080

Re: How to calcuate your retirement number

I think you can do better than 4%. But a neat trick I learned here is the 4-95 rule. Essentially it works this way: you get 4% of the portfolio year 1. On year N you get the greater of (4% of the portfolio, 95% of the inflation adjusted amount you drew last year). That makes 4% much safer plus give...
by JBTX
Sun Jul 30, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 13080

Re: How to calcuate your retirement number

I've always heard annual expenses multiplied by 25 or a 4% withdrawal rate. My understanding is that historically you would never run out of money, no matter how long your retirement was. Is this incorrect or are most bogleheads extremely conservative? No there is a small probability you would run ...
by JBTX
Sun Jul 30, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cutting The Quicken Cord
Replies: 13
Views: 4420

Re: Cutting The Quicken Cord

I have used Quicken for 20'years. It isn't perfect and kind of clunky compared to some more sophisticated software applications but it has always suited my needs very well. I probably have 50 different accounts between cash credit and investment. My life would be a living hell trying to track all th...
by JBTX
Sun Jul 30, 2017 6:04 pm
Forum: Personal Investments
Topic: How to transfer out of vanguard?
Replies: 29
Views: 8336

Re: How to transfer out of vanguard?

I have a solo 401k with them Vanguard and have had no issues. I went with vanguard over fidelity 3'years ago because vanguard allowed Roth 401ks in these and fidelity didn't. I was pleasantly surprised at the competence of the advice if you call the vanguard small biz help line. Roth401k is about t...
by JBTX
Sun Jul 30, 2017 5:53 pm
Forum: Personal Investments
Topic: Active vs index, etc.
Replies: 34
Views: 3364

Re: Active vs index, etc.

Vanguard's active funds benefit from lower cost vs other active funds, but there is something more, and it doesn't explain TRPrice or American. What I find odd is that there are about 10,000 funds, but some are different classes of the same fund, so lets say there are 5000 different funds. Again, h...
by JBTX
Sun Jul 30, 2017 12:57 pm
Forum: Personal Investments
Topic: Active vs index, etc.
Replies: 34
Views: 3364

Re: Active vs index, etc.

Here's my take on indexing. Total market index funds get get total market returns. What is wrong with getting that return? Most investors don't get that return because of behavioral mistakes. Those investors include both indexers and active investors, but those who are attempting to beat the market...
by JBTX
Sun Jul 30, 2017 12:53 pm
Forum: Personal Investments
Topic: Active vs index, etc.
Replies: 34
Views: 3364

Re: Active vs index, etc.

To preface, i totally buy into the philosophy that index fund / passive is better than active. That argument has been settled by data over and over again. . . . . . All of my funds are in retirement accounts so no issues of tax gain recognition. Examples: . . . . . Dodge and cox international - par...
by JBTX
Sun Jul 30, 2017 1:23 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 13080

Re: How to calcuate your retirement number

I've always heard annual expenses multiplied by 25 or a 4% withdrawal rate. My understanding is that historically you would never run out of money, no matter how long your retirement was. Is this incorrect or are most bogleheads extremely conservative? No there is a small probability you would run ...
by JBTX
Sun Jul 30, 2017 1:16 am
Forum: Personal Investments
Topic: How to transfer out of vanguard?
Replies: 29
Views: 8336

Re: How to transfer out of vanguard?

I just transferred my 401k and IRA from Vanguard over to Fidelity. It was easy as pie. Give Fidelity a call. A couple of forms and they take care of it from there. Vanguard's Solo/Individual 401k product is sub par. No admiral funds, doesn't accept IRA rollovers, no brokerage features like the abil...
by JBTX
Sat Jul 29, 2017 3:07 pm
Forum: Personal Investments
Topic: reducing Adjusted Gross Income from mutual funds
Replies: 5
Views: 929

Re: reducing Adjusted Gross Income from mutual funds

The problem is if you switch to more tax efficient investments, you may have some one time capital gains from your existing investments which will push up your income this year. If however you have some capital losses you can take that will help. My take is over time you can certainly do stuff over ...
by JBTX
Sat Jul 29, 2017 2:44 am
Forum: Personal Investments
Topic: Young Boglehead seeks Advice for Parents Approaching Retirement
Replies: 21
Views: 2471

Re: Young Boglehead seeks Advice for Parents Approaching Retirement

What is your parents desired retirement income needs?... Did your parents ask you to manage money for them? Did they ask you to place their money at risk of principal loss? It's not clear there is a need, willingness or ability on their part to invest. You said it yourself, parents are extremely ri...