Search found 737 matches

by RenoJay
Mon Jan 27, 2014 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: High Umbrella Limits - A waste
Replies: 77
Views: 14379

Re: High Umbrella Limits - A waste

We are very glad that one particular person DID purchase umbrella coverage. WE would have been destitute at that point in our lives, and/or our child would not have had the care that was, in fact, provided. (And there might NOT have been as good a recovery.) What bills did you have that wouldn't ha...
by RenoJay
Mon Jan 27, 2014 10:52 am
Forum: Personal Finance (Not Investing)
Topic: High Umbrella Limits - A waste
Replies: 77
Views: 14379

Re: High Umbrella Limits - A waste

Just out of curiosity, after reading this thread last night I decided to see what it would cost to double my umbrella from $5 MM to $10 MM. My premium for $5 MM is around $1,100/year. I only found one carrier who would do $10 MM (GEICO) and their quote was around $3,400/year. I was dumbfounded and t...
by RenoJay
Sun Jan 26, 2014 9:32 pm
Forum: Personal Consumer Issues
Topic: unanticipated savings (or costs) of stay at home parent?
Replies: 18
Views: 2117

Re: unanticipated savings (or costs) of stay at home parent?

My unexpected cost of my wife staying home is that when the kids are at school she seems to always discover some product on the Internet that we just need to have. :oops:
by RenoJay
Mon Dec 23, 2013 8:32 pm
Forum: Investing - Theory, News & General
Topic: Grrr...unexpected capital gain distribution
Replies: 18
Views: 2948

Re: Grrr...unexpected capital gain distribution

Just use specific ID and sell the shares that were automatically reinvested. If they have a loss, that's tax-loss harvesting :) If they have a gain, that's better than they would've done in your checking or mm account. Livesoft: This is an interesting tip, although if I've previously chosen a diffe...
by RenoJay
Mon Dec 23, 2013 3:42 pm
Forum: Investing - Theory, News & General
Topic: Grrr...unexpected capital gain distribution
Replies: 18
Views: 2948

Re: Grrr...unexpected capital gain distribution

Putting them into an MM fund doesn't change the tax due (except for the a small amt of CG distributions on those CG distributions next year. Yes, I'm aware of that but the goal is to lessen my equity exposure so I hate the fact that this was automatically reinvested into a fund in which I'd rather ...
by RenoJay
Mon Dec 23, 2013 2:31 pm
Forum: Investing - Theory, News & General
Topic: Grrr...unexpected capital gain distribution
Replies: 18
Views: 2948

Grrr...unexpected capital gain distribution

Early this year I decided I no longer wanted any automatic reinvestment of capital gains or dividends in my taxable accounts. I went through the Vanguard screens and thought I had checked all the correct boxes to have these pay outs put into a money market fund. Lo and behold...I just discovered an ...
by RenoJay
Thu Nov 21, 2013 9:03 pm
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 11062

Re: Retiring at 50

When I left work at the end of 2003 I never imagined that I would have a higher value portfolio and net worth ten years on...especially after some of the market's antics over that period. You just never know how the chips will fall. Enjoy it while you can. That's remarkable given the timing. Any ch...
by RenoJay
Thu Nov 21, 2013 8:59 pm
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 11062

Re: Retiring at 50

I'm thinking of retiring sometime between 45 - 50. A few sites I've enjoyed that are dedicated to this topic are:

http://www.early-retirement.org/

http://www.caniretireyet.com/
by RenoJay
Thu Nov 21, 2013 6:57 pm
Forum: Investing - Theory, News & General
Topic: How to deal with the temptation to pullback on stocks
Replies: 35
Views: 3279

Re: How to deal with the temptation to pullback on stocks

For me, I was 85% in equities when the market tanked in 2008/2009. I stayed the course, but it ate me up inside. I had a ton of anxiety. So I realized that was way too high an allocation to equities. Eventually I figured out that 50/50 is right for me, and I waited until the market had made a nice r...
by RenoJay
Tue Nov 19, 2013 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Stay put as mortgage slave or relocate?
Replies: 23
Views: 3954

Re: Stay put as mortgage slave or relocate?

Is it possible to sell the underwater home and simply eat the loss yourself so it's out of your hair? I've had situations where I needed to make a tough choice of either sticking with something I hated or taking a big loss and moving on with my life. I chose the latter, and within a month or two I r...
by RenoJay
Tue Nov 19, 2013 10:15 am
Forum: Personal Consumer Issues
Topic: how much more expensive is a bigger home?
Replies: 68
Views: 7557

Re: how much more expensive is a bigger home?

Don't do it. I upgraded to a 4,000+ sq foot home and I regret it. In addition to buying at the wrong time and watching the value plummet, the utility bills are very high, it takes forever to walk from A to B in the house, and the yard maintenance gives me palpitations since something is always going...
by RenoJay
Mon Nov 18, 2013 12:50 pm
Forum: Personal Investments
Topic: windfall in high tax california, what to do
Replies: 20
Views: 3034

Re: windfall in high tax california, what to do

For a large, one-time event like yours it's worth paying a good California-based accountant for an hour of advice. Congrats on the windfall, by the way!
by RenoJay
Sun Nov 17, 2013 7:54 pm
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 52
Views: 13365

Re: Have I put too much into the 529 plan?

I put in about $60k each into my kids' 529s, and the rest into UTMA accounts with the intent of that money being used for college. At this point in their young lives, I feel it's way too early to know if they'll go Ivy League, state school, community college or into the trades and also whether they'...
by RenoJay
Mon Nov 11, 2013 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Financial failures
Replies: 55
Views: 4931

Re: Financial failures

Buying a big house. It's a money pit.
by RenoJay
Mon Nov 11, 2013 1:05 pm
Forum: Personal Investments
Topic: Large Inheritance -- moving toward income
Replies: 15
Views: 2941

Re: Large Inheritance -- moving toward income

What form was the inheritance? If you inherited IRAs, there are some strict rules about how those need to be titled to avoid big tax penalties. While I think paying an "advisor" .6% - 1.2% is totally unnecessary, I would pay a good CPA $200/hour to advise you on titling all these assets so...
by RenoJay
Mon Nov 11, 2013 12:44 pm
Forum: Forum Issues and Administration
Topic: Important Change to Ally CDs [turned into search tips]
Replies: 23
Views: 4340

Re: Important Change to Ally CDs

What is this like the fifth time this "news" has been posted over the past few weeks? I'm kind of offended that there seems to be an expectation that no one can open their mouths unless they've thoroughly searched every thread ever posted. I visit this site daily. I had not seen any repor...
by RenoJay
Mon Nov 11, 2013 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling less than Successful lately
Replies: 58
Views: 7718

Re: Feeling less than Successful lately

I have started four businesses and I now sell businesses for others. I can't tell you the number of corporate people I've seen who have lost a big chunk of their lifesavings either buying or starting a business. I went this route because I simply could not work for others. Fortunately I was successf...
by RenoJay
Mon Nov 11, 2013 10:38 am
Forum: Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 10441

Re: Private Money Lending

This morning I found this article about private money lending on marketwatch.com: http://www.marketwatch.com/story/bank-wont-give-you-a-home-loan-ask-hank-2013-11-11 By the time an article like this comes out, I figure the asset class has maybe two more good years before it totally devolves into the...
by RenoJay
Sat Nov 09, 2013 6:22 pm
Forum: Personal Consumer Issues
Topic: Acura RDX or BMW X3?‏
Replies: 34
Views: 14657

Re: Acura RDX or BMW X3?‏

I've never owned a BMW, but have owned numerous Acuras. Overall Acura is nice, but my most recent model (a 2012 MDX) feels "cheap" in some ways, although the handling, turning, and cool electronic features are pretty nice.
by RenoJay
Sat Nov 09, 2013 11:01 am
Forum: Forum Issues and Administration
Topic: Important Change to Ally CDs [turned into search tips]
Replies: 23
Views: 4340

Important Change to Ally CDs [turned into search tips]

Many of us own Ally CD's in large part because of the 60 day interest penalty for early withdrawals, which is a relatively mild penalty. For CD's opened on 12/7/13 or later, the new penalties will be: 90 days' interest on 3 year CD 120 days' interest on 4 year CD 150 days interest on 5 year CD It's ...
by RenoJay
Thu Nov 07, 2013 6:09 pm
Forum: Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 10441

Re: Private Money Lending

Why would someone want to undertake this level of complexity for what is essentially I geographically undiversified portfolio of loans. And, provide a cut to a middle man at the same time. What is the anticipate rate of return that one is looking at with this investment and is it high enough to com...
by RenoJay
Thu Nov 07, 2013 4:51 pm
Forum: Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 10441

Re: Private Money Lending

Ok...understand on the pool manager risk. So, if I was to do on my own, and being I don't live in a very large area (thus not many opportunities), would you recommend a service like the below to find potential loans? http://www.loanmls.com Or just stay away from this if you can't actually visit the...
by RenoJay
Thu Nov 07, 2013 2:04 pm
Forum: Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 10441

Re: Private Money Lending

Appreciate the input from both of you. As I said earlier, I would not recommend the pool route. I'm wondering if you would give some detailed reasoning why you wouldn't recommend the pool route. I did just look thru the thread and didn't see any mention of pools. My reasoning on going the pool rout...
by RenoJay
Thu Nov 07, 2013 10:37 am
Forum: Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 10441

Re: Private Money Lending

Appreciate the input from both of you. As I said earlier, I would not recommend the pool route. I'm wondering if you would give some detailed reasoning why you wouldn't recommend the pool route. I did just look thru the thread and didn't see any mention of pools. My reasoning on going the pool rout...
by RenoJay
Tue Nov 05, 2013 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Alternatives to Mint.com?
Replies: 8
Views: 3991

Alternatives to Mint.com?

I was a big fan of Mint.com until last week. After two years of meticulously tracking my spending in Mint, somehow their system duplicated one of my credit card accounts and started double-counting those charges. I deleted just the duplicate account, and when I logged in a few days later my entire b...
by RenoJay
Mon Nov 04, 2013 10:02 pm
Forum: Personal Investments
Topic: Vanguard REIT Questions
Replies: 4
Views: 811

Re: Vanguard REIT Questions

Hi: Check out Vanguard REIT Index tax distributions - Bogleheads for historical data. regards, Thanks, Barry. So if I'm reading the chart correctly, it appears the current dividend is quite low compared with history, and that the "return of capital" has to do with depreciating the real es...
by RenoJay
Mon Nov 04, 2013 9:21 pm
Forum: Personal Investments
Topic: Vanguard REIT Questions
Replies: 4
Views: 811

Vanguard REIT Questions

Can anyone show me to find the historical yield by year for the Vanguard REIT fund? Also, I was reading the Vanguard site and it appears the yield includes a "return of capital"? What's that about? Finally, are there any metrics to determine if this fund is relatively cheap or relatively e...
by RenoJay
Wed Oct 30, 2013 9:36 pm
Forum: Personal Investments
Topic: Rebalancing Taxable - psychology of paying taxes?
Replies: 19
Views: 1852

Re: Rebalancing Taxable - psychology of paying taxes?

Make sure they're not automatically reinvesting dividends. If they are, ending that practice will help rebalance things over time a little bit. I'm in a similar position where most of what I own is in taxable and there are some big gains. Fortunately I tax loss harvested at the very bottom, so I sti...
by RenoJay
Sun Oct 27, 2013 11:32 am
Forum: Investing - Theory, News & General
Topic: Net Worth Survey 2014
Replies: 58
Views: 11484

Re: Net Worth Survey 2014

How will the survey account for investments that are not equities or REITs, but also not the traditional fixed income? (Such as P2P lending, rental properties, and other non traditional investments?)
by RenoJay
Sat Oct 26, 2013 1:28 pm
Forum: Investing - Theory, News & General
Topic: SWR and home equity
Replies: 11
Views: 1425

Re: SWR and home equity

One more thought: You say that in Sam A's world, $600k of his investable portfolio is tied up to cover "housing costs", but it's the same for Sam B. He's also spending $1,500/month on housing for insurance, fees, etc. which in no way makes him richer. So he has just as much of the investab...
by RenoJay
Sat Oct 26, 2013 1:26 pm
Forum: Investing - Theory, News & General
Topic: SWR and home equity
Replies: 11
Views: 1425

Re: SWR and home equity

It's an interesting hypothetical. In my world, non income-producing, illiquid assets don't count in the "portfolio" category and therefore are not counted in the calculation of SWR. Overall, I'd suggest that Sam A. (the renter) is in better condition because his $2 million portfolio is lik...
by RenoJay
Sat Oct 26, 2013 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Relatives Who Really Need Money Advice But Don't Get It.
Replies: 56
Views: 9516

Re: Relatives Who Really Need Money Advice But Don't Get It.

I think it's a question of which family members you're talking about. If it's your own generation or older, it's kind of preachy, but with your children (or the children of your siblings if they're not getting good advice) I see it as an obligation to teach them financial literacy.
by RenoJay
Fri Oct 25, 2013 11:03 am
Forum: Personal Consumer Issues
Topic: Bogleheads' "Rags to Riches" Stories
Replies: 110
Views: 22223

Re: Bogleheads' "Rags to Riches" Stories

Grew up middle class. Graduated college at 22 and bounced around something like four commission sales job. I don't recall what I was earning, but I think it was maybe $18k/year or so on average. (I do recall that I qualified for the "universal lifeline" subsidy so I could have a home phone...
by RenoJay
Tue Oct 22, 2013 10:35 pm
Forum: Personal Investments
Topic: A Message from Jack
Replies: 25
Views: 6750

Re: A Message from Jack

Jack, just wanted to say what an honor it is to hear your voice this forum.
by RenoJay
Sun Oct 20, 2013 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get a mortgage loan...
Replies: 11
Views: 1913

Re: Where to get a mortgage loan...

I've had really good luck with Aspen at Bank of Kansas City. (It doesn't matter what state you live in.) She handled 4 refis for me during the rapidly falling rate period of the past few years, and each time she got the job done and offered the best overall deal. Also, she's a pleasure to work with....
by RenoJay
Sun Oct 20, 2013 9:14 pm
Forum: Personal Consumer Issues
Topic: How many square feet is your home?
Replies: 162
Views: 16177

Re: How many square feet is your home?

4100 sq ft and I regret it. I wish we had about 2,800.
by RenoJay
Sun Oct 20, 2013 8:06 pm
Forum: Investing - Theory, News & General
Topic: variable withdrawal calculator?
Replies: 2
Views: 395

Re: variable withdrawal calculator?

On another forum I heard that a Boglehead had put together some sort of variable withdrawal calculator. Does anyone know about this and could you please provide a link? thanks. I think this is what you're looking for: Variable Percentage Withdrawal A very fine piece of work, in my opinion. Skip to ...
by RenoJay
Sun Oct 20, 2013 7:13 pm
Forum: Investing - Theory, News & General
Topic: variable withdrawal calculator?
Replies: 2
Views: 395

variable withdrawal calculator?

On another forum I heard that a Boglehead had put together some sort of variable withdrawal calculator. Does anyone know about this and could you please provide a link? thanks.
by RenoJay
Fri Oct 18, 2013 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I help my sister financially?
Replies: 26
Views: 4488

Re: Should I help my sister financially?

I think you have a good heart. If I were in your shoes, I'd only give money with lots of strings attached. For instance, I'd require my sister to track all her expenses through Mint.com, pay herself first, etc. as conditions of getting some money, and even then I'd dole it out monthly (not all at on...
by RenoJay
Sat Oct 12, 2013 6:58 pm
Forum: Personal Investments
Topic: Just inherited money, would seriously appreciate advice
Replies: 48
Views: 21624

Re: Just inherited money, would seriously appreciate advice

Congratulations on having your head on straight at 25 and not craving mansions or Ferraris. Life experiences, in my opinion, are massively more valuable. While I agree that you should be extremely cautious of paid financial advisors, I do think you should find a smart CPA and estate-planning attorne...
by RenoJay
Tue Oct 08, 2013 7:59 pm
Forum: Personal Investments
Topic: Puerto Rican Bonds
Replies: 23
Views: 1825

Re: Puerto Rican Bonds

Sounds like her broker was chasing yield and letting the tax tail wag the dog. I strongly suggest she diversify her muni holdings.
by RenoJay
Thu Oct 03, 2013 4:41 pm
Forum: Personal Investments
Topic: Should i pay my CPA to advise me on contribution limits?
Replies: 17
Views: 1974

Re: Should i pay my CPA to advise me on contribution limits?

http://www.sepiracalculator.com/ You will need your net profit and be sure to check the right box (sole propriete/corporation). If you also have W2 wages and SS withholding the answer will be slightly different. Wow, this calculator is giving a result totally different from what my CPA always led m...
by RenoJay
Mon Sep 30, 2013 8:47 pm
Forum: Investing - Theory, News & General
Topic: 50-50 Stocks/Fixed Income Withdrawal Rates
Replies: 7
Views: 1363

Re: 50-50 Stocks/Fixed Income Withdrawal Rates

You may want to check out early-retirement.org. (I suspect you're retiring early as opposed to planning to live to be 115.) The folks there usually recommend the firecalc.com calculator. In general, the consensus there seems to be that 3% is pretty safe and you can always adjust for a few years if t...
by RenoJay
Mon Sep 30, 2013 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Help me stop obsessing
Replies: 23
Views: 6473

Re: Help me stop obsessing

If the issue is the obsessing, and not the number, I think the best thing you can do is go ahead and retire. My parents went through the same sort of obsession, but after a year or two of retirement, they were able to relax and really start enjoying it.
by RenoJay
Mon Sep 30, 2013 9:53 am
Forum: Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 8855

Re: How Close Are You To Your Number and Financial Independe

My "number" seems to keep moving every time I come close to, or surpass, what I had previously thought was my number.
by RenoJay
Wed Sep 25, 2013 9:09 pm
Forum: Investing - Theory, News & General
Topic: "Rising Equity Glide Path" ?
Replies: 40
Views: 7401

Re: "Rising Equity Glide Path" ?

I think the speaker's thesis has to be true because there's upbeat, fun music playing in the background.
by RenoJay
Wed Sep 25, 2013 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is ESPlanner worth the cost?
Replies: 6
Views: 1284

Re: Is ESPlanner worth the cost?

Bob,

Thanks so much. This was very helpful advice.
by RenoJay
Wed Sep 25, 2013 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Is ESPlanner worth the cost?
Replies: 6
Views: 1284

Is ESPlanner worth the cost?

I was just checking out the website for esplanner. Has anyone used it, and does the cost justify itself compared with all the free retirement planning calculators out there?
by RenoJay
Tue Sep 24, 2013 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone having trouble logging into Vanguard.com?
Replies: 6
Views: 796

Anyone having trouble logging into Vanguard.com?

The main page looks normal, but the log in page where it asks for my password shows only the text and no graphics. I'm using the same Chrome browser I always use. Just want to make sure this isn't some sort of phishing scam.
by RenoJay
Sat Sep 21, 2013 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 19073

Re: Going without a pre-nup?

I strongly advise you to get a pre-nup. Your assumption may be right or may be wrong, but a few things to consider: 1. You have to be very careful not to intermingle assets lest they become community property. 2. The conversation about a pre-nup is quite awkward when you first bring it up, but it se...