Search found 2908 matches

by J295
Mon May 10, 2021 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Motivation in Work - 5 Years To Go - Suggestions?
Replies: 131
Views: 11821

Re: Losing Motivation in Work - 5 Years To Go - Suggestions?

Galawdawg offers valuable comments and direct response to the question. Not responding directly to your question on how to make the next five years enjoyable but will note that when I retired eight years ago at 53 I did not let the insurance tail wag the dog, and I was completely comfortable with gi...
by J295
Sun May 09, 2021 8:52 pm
Forum: Personal Investments
Topic: What does your bond portfolio look like in this low interest world?
Replies: 65
Views: 5697

Re: What does your bond portfolio look like in this low interest world?

Consistent with my IPS since my retirement in 2013.
by J295
Sun May 09, 2021 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Hired College Friend
Replies: 8
Views: 1102

Re: Hired College Friend

Normchad advice makes sense.
by J295
Sat May 08, 2021 10:02 am
Forum: Personal Investments
Topic: Filing Non-Resident State Taxes for MLP Energy Companies
Replies: 4
Views: 321

Re: Filing Non-Resident State Taxes for MLP Energy Companies

Confused by your statement that said you paid the federal and state income taxes?

Are you receiving taxable distributions, rather than nontaxable return of capital?
by J295
Sat May 08, 2021 8:39 am
Forum: Personal Investments
Topic: Tips to convince my Dad about Index Funds?
Replies: 57
Views: 3861

Re: Tips to convince my Dad about Index Funds?

Has your dad asked you to give him advice?
by J295
Fri May 07, 2021 9:00 pm
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4963

Re: Country Club

For me, the main question to answer is - are we a country club family? If the answer to that is yes, then the second question is - are the members of this country club people we are comfortable with? If that answer is yes, then you've made your decision. It's a very personal decision. Me, I can't e...
by J295
Fri May 07, 2021 9:27 am
Forum: Personal Finance (Not Investing)
Topic: really necessary to split up CD's at different banks?
Replies: 12
Views: 1155

Re: really necessary to split up CD's at different banks?

relentless1 wrote: Fri May 07, 2021 9:18 am Actually, not apples to apples, Goldman is a federally chartered retail bank. Lehman not. Think Chase, B of A.et al
Number bank failures in 2018 in 2019 combined: 4

Number of bank failures in 2009 in 2010 combined: 297
by J295
Fri May 07, 2021 9:21 am
Forum: Personal Finance (Not Investing)
Topic: really necessary to split up CD's at different banks?
Replies: 12
Views: 1155

Re: really necessary to split up CD's at different banks?

We recently sold our primary home and leased a home in this crazy environment for the next year. I'm planning holding several high yield CD's totaling over 7 figures at Marcus with.65 rate. Does this forum really think diversifying banks is really necessary? If the economy stumbles enough for Goldm...
by J295
Fri May 07, 2021 9:05 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4963

Re: Country Club

Sounds like lots of reasonable reasons to do this. Go for it.
by J295
Thu May 06, 2021 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to merge C Corp and S Corp? [Medical Group]
Replies: 4
Views: 237

Re: Best way to merge C Corp and S Corp? [Medical Group]

Retired lawyer. Former hospital board chair.
Contact your lawyers and accountants.
by J295
Thu May 06, 2021 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRS not answering the phone
Replies: 54
Views: 3336

Re: The IRS does not answer the phone

Perhaps things are a bit different now, but in my experience from early 2000 through my retirement eight years ago this is not a recent phenomenon. Dealing with the IRS was extremely difficult, in terms of substance and communications. For anything of material consequence I suggest proceeding in wri...
by J295
Wed May 05, 2021 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of breaking a lease
Replies: 25
Views: 1554

Re: Logistics of breaking a lease

My suggested solution for the tenant… He should find another qualified tenant and present him/her to the landlord. The landlords I know would generally hold a tenant to the terms of the lease. The prospects of an unhappy tenant damaging the property don’t enter into the equation in terms of a resolu...
by J295
Wed May 05, 2021 5:39 pm
Forum: Investing - Theory, News & General
Topic: How big is the risk of sustained huge stock market decline?
Replies: 106
Views: 10759

Re: How big is the risk of sustained huge stock market decline?

I believe SPY was down about 50% over 16 months time during the great recession, and it was a 48 month recovery time from peak back to breakeven. One of the challenges about such a time is you don’t know when you will get to the end of the tunnel (as you watch your equity balances get cut in half, b...
by J295
Wed May 05, 2021 5:27 pm
Forum: Investing - Theory, News & General
Topic: Lawsuits and taxable accounts
Replies: 30
Views: 2434

Re: Lawsuits and taxable accounts

Good responses hootingsloth and Gill.

Execution on assets, including brokerage accounts, does occur when judgments are not voluntarily satisfied.
by J295
Mon May 03, 2021 9:25 am
Forum: Personal Investments
Topic: Is 70/30 too aggressive? Portfolio help!
Replies: 39
Views: 5814

Re: Is 70/30 too aggressive? Portfolio help!

70/30 is aggressive but reasonable, especially if you have substantial International equities. This is my exact asset allocation and I plan on retiring next year. As stocks keep moving higher, we keep buying bonds (and hold our nose) to rebalance to our target AA. Good for you. We were 100% equitie...
by J295
Sun May 02, 2021 7:01 pm
Forum: Investing - Theory, News & General
Topic: Customizing The Glidepath
Replies: 45
Views: 5177

Re: Customizing The Glidepath

nedsaid wrote: Sun May 02, 2021 6:28 pm At age 61, I am now at 63.5% of stocks. It feels like I have been selling like crazy and yet the market has been so powerful that I feel like I have been running in place. So much for de-risking.

Thanks for update!!
by J295
Sun May 02, 2021 6:02 pm
Forum: Personal Investments
Topic: Is 70/30 too aggressive? Portfolio help!
Replies: 39
Views: 5814

Re: Is 70/30 too aggressive? Portfolio help!

Can you manage MAGI to get PTC under ACA? We have done so in early retirement to the tune of about mice annual savings on health insurance premiums… $0 this year instead of $25,000 for example.

Need help with acronyms let me know.
by J295
Sun May 02, 2021 5:49 pm
Forum: Investing - Theory, News & General
Topic: Customizing The Glidepath
Replies: 45
Views: 5177

Re: Customizing The Glidepath

Bumping in case any retirees or near retirees that have commented above want to follow up, or anyone else wants to post.
by J295
Sat May 01, 2021 11:27 am
Forum: Investing - Theory, News & General
Topic: High value tax advantaged account questions
Replies: 44
Views: 2826

Re: High value tax advantaged account questions

Former partner in a law partnership and I had no difficulty in deciding to max contribute to 401(k) and no regrets. Retired early, but when working the tax savings by virtue of the contributions made sense to me.

We will deal with the RMD issues.

Ymmv.
by J295
Fri Apr 30, 2021 5:13 pm
Forum: Personal Investments
Topic: Eliminating bonds?
Replies: 61
Views: 5991

Re: Eliminating bonds?

We were 100% equity until early retirement in 2013. Then reduced.

I will say the almost 50% drop over 16 months in the Great Recession was quite unnerving even for someone like me with a solid job and nearly 30 years of investment experience.
by J295
Thu Apr 29, 2021 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ACA insurance costs? 60-65 yo.
Replies: 26
Views: 2977

Re: Early Retirement and ACA insurance costs? 60-65 yo.

Retired from full-time in 2013 at 53 and we’ve been on the ACA since it was ruled constitutional. Married couple, with wife generating self-employment income. We managed modified adjusted gross income to stay below the cliff, and our net annual cost for a bronze plan has been $0 per year. For an exa...
by J295
Tue Apr 27, 2021 1:55 pm
Forum: Personal Consumer Issues
Topic: First time to Hawaii with family
Replies: 55
Views: 4505

Re: First time to Hawaii with family

We enjoyed Kihei a couple of years ago. Eight of us spent a week there in a nice large Vrbo with a pool, including a two year old. We had no interest in island hopping.

We flew two for the price of one due to Southwest credit card promotion (companion passes).
by J295
Tue Apr 27, 2021 12:55 pm
Forum: Personal Investments
Topic: Sell today ?
Replies: 36
Views: 4988

Re: Sell today ?

I think it depends on the size of the portfolio. If $150,000 is a substantial portion, sell now. If it isn't, let it ride, as in the grand scheme of things it won't matter all that much. Broken Man 1999 Good point. May also be impacted by AA. For example we have equity, bonds, and cash so we would ...
by J295
Mon Apr 26, 2021 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: The ACA subsidy cliff reprieve and capital gains harvesting
Replies: 23
Views: 1221

Re: The ACA subsidy cliff reprieve and capital gains harvesting

I don't know how the SE health insurance deduction and itemized deductions might interact, but don't you only get to deduct medical expenses over 7.5% of AGI? Unless you have high medical expenses other than insurance premiums it seems like you'd be better off with the SE health insurance deduction...
by J295
Mon Apr 26, 2021 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: The ACA subsidy cliff reprieve and capital gains harvesting
Replies: 23
Views: 1221

Re: The ACA subsidy cliff reprieve and capital gains harvesting

Curious, why you were choosing silver instead of bronze? At least in our state, at 366% of poverty level and a bronze the typical bronze plan would pay $0 as the premium tax credit would cover all premiums. Certainly there might be some cost sharing on co-pays in the like with the silver, but do the...
by J295
Mon Apr 26, 2021 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: The ACA subsidy cliff reprieve and capital gains harvesting
Replies: 23
Views: 1221

Re: The ACA subsidy cliff reprieve and capital gains harvesting

Re. the SE health insurance deduction, on what form or worksheet do I find that? Schedule 1 line 16. Empty. Maybe I did screw it up. FWIW, I do itemize and did fill out the Medical Expenses Worksheet that applies to Schedule A, line 1. Probably empty because your premium tax credits were fully subs...
by J295
Mon Apr 26, 2021 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: The ACA subsidy cliff reprieve and capital gains harvesting
Replies: 23
Views: 1221

Re: The ACA subsidy cliff reprieve and capital gains harvesting

You can Google “solo 401(k) calculator” and try out a couple of sites and you will see that the maximum contribution for a solo 401k is substantially more than what I understand you are currently doing. Additional deferrals will free up tax space for the capital gains/cliff.
by J295
Mon Apr 26, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: The ACA subsidy cliff reprieve and capital gains harvesting
Replies: 23
Views: 1221

Re: The ACA subsidy cliff reprieve and capital gains harvesting

Re. the SE health insurance deduction, on what form or worksheet do I find that? Schedule 1 line 16. Empty. Maybe I did screw it up. FWIW, I do itemize and did fill out the Medical Expenses Worksheet that applies to Schedule A, line 1. Probably empty because your premium tax credits were fully subs...
by J295
Mon Apr 26, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: The ACA subsidy cliff reprieve and capital gains harvesting
Replies: 23
Views: 1221

Re: The ACA subsidy cliff reprieve and capital gains harvesting

1. Do you max out your solo 401(k) ? 2. Do you max out your HSA? * including catch-up contributions for one and two. 3. Do you have a donor advised fund, if charity is of interest to you? 4. Do you have any interest or ability in reducing self-employment income ? I’d probably move towards liquidatin...
by J295
Mon Apr 19, 2021 7:05 pm
Forum: Personal Investments
Topic: $1,000,000 In An Ally Savings Account?
Replies: 67
Views: 10815

Re: $1,000,000 In An Ally Savings Account?

Did this a year ago with $1 million. Married with four CDs, two at Marcus two at Ally — all with full FDIC coverage. Online registration and funding was straightforward. CDAR is another option, as are online savings accounts. American Express Bank also has a easy to use online savings account. It do...
by J295
Sun Apr 18, 2021 6:55 pm
Forum: Personal Investments
Topic: Where to put $400K To Be Used For College Expenses in 5 years?
Replies: 26
Views: 2751

Re: Where to put $400K To Be Used For College Expenses in 5 years?

High yield savings accounts. Perhaps CDs if rates increase.

You can seek value increases through other assets.
by J295
Mon Apr 12, 2021 8:25 pm
Forum: Personal Consumer Issues
Topic: Which Credit Card to Get for Travel to Hawaii (looking for a bonus offer)
Replies: 20
Views: 2333

Re: Which Credit Card to Get for Travel to Hawaii (looking for a bonus offer)

When we took our adult kids and their spouses and grandchild to Hawaii a couple of years ago we had three of us with Southwest cards where you could add a companion for free. They’ve run a unique two-for-one special like this a couple of times. Thus, we bought three tickets, got three free, had one ...
by J295
Thu Apr 08, 2021 4:50 pm
Forum: Personal Consumer Issues
Topic: walking shoes with wide toes?
Replies: 48
Views: 3085

Re: walking shoes with wide toes?

Altra
Hoka
by J295
Tue Apr 06, 2021 7:45 pm
Forum: Investing - Theory, News & General
Topic: “Bogleheads’ Guide To Investing” Portfolios - 50% in TIPS?
Replies: 35
Views: 4648

Re: “Bogleheads’ Guide To Investing” Portfolios - 50% in TIPS?

Early retired 50% equity 30% fixed split equally between TIP and BND 20% CD, I bond, s-t bond, MMF Within the last year or two I posted about the BND and TIP allocations and as I recall splitting between the two for the fixed portion seemed reasonable and not uncommon. In our particular situation, t...
by J295
Sat Apr 03, 2021 8:47 am
Forum: Personal Consumer Issues
Topic: Would you give money to close friends to live in same neighborhood?
Replies: 45
Views: 3026

Re: Would you give money to close friends to live in same neighborhood?

If we were deciding something like this, the discernment would be based on relationship not finances. If we thought all things considered it was a likely plus for the relationship we would move towards giving. We would try and put ourselves in the recipients’ shoes when discerning (many people are n...
by J295
Thu Apr 01, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: If I go part time, my wife is kicked off of the health insurance plan.
Replies: 23
Views: 2391

Re: If I go part time, my wife is kicked off of the health insurance plan.

OP should drill down on the insurance analysis. Each situation is unique.

We have been on ACA coverage (as early retirees) since it’s inception, and it has been fine.
by J295
Thu Apr 01, 2021 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Need help selecting a moderate cost trusts and estates attorney
Replies: 17
Views: 936

Re: Need help selecting a moderate cost trusts and estates attorney

Retired lawyer here. I find unresponsive lawyers very frustrating. As you search for a capable lawyer to handle your project on a cost effective basis you might consider searching the ACTEC directory for Illinois, particularly excluding Chicago. The directory is available online. From there you coul...
by J295
Mon Mar 29, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase a house without using a RE agent?
Replies: 32
Views: 1685

Re: Should we purchase a house without using a RE agent?

We have purchased two homes without a buyers agent, but each time we new the sellers and the homes were not listed. In this market we would use an agent, especially if we were looking in a different city. Perhaps you need a “better” agent. Note: a potential risk of no agent is that the communication...
by J295
Fri Mar 26, 2021 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Ins., purchasing property from Judge
Replies: 43
Views: 2662

Re: Owners Title Ins., purchasing property from Judge

We always purchase owners coverage, just as we have always carried fire insurance coverage. No title claims, no fires, but feeling fine about our decisions.
by J295
Fri Mar 26, 2021 8:08 am
Forum: Personal Consumer Issues
Topic: Experiences with professional coaching, e.g. BetterUp or others?
Replies: 26
Views: 2741

Re: Experiences with professional coaching, e.g. BetterUp or others?

I applaud and encourage your interest in this topic.

I don’t have experiences with these programs so can’t speak to them.

I had and still have positive experiences through dialogue with my spouse and a life long close friend.

Perhaps you would find a retreat worthwhile.
by J295
Thu Mar 25, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10688

Re: JTWRS Nightmare - what are my options?

Retired lawyer here. The suggestions for you to consult with legal counsel are appropriate.
by J295
Wed Mar 24, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Non-compete agreements: Competitors vs. Technology
Replies: 35
Views: 1582

Re: Non-compete agreements: Competitors vs. Technology

Still, I think that you should do everything that you can to adhere to an NCA unless you truly must break it in order to care for your family. Breaking your word is not something that should be done lightly. If everybody did that would there be any new startups? Would innovation get stifled? Every ...
by J295
Tue Mar 23, 2021 7:49 am
Forum: Personal Consumer Issues
Topic: Baylor, Auburn or ‘Bama?
Replies: 73
Views: 5435

Re: Baylor, Auburn or ‘Bama?

Surprised no one has yet mentioned that the Dr Pepper Museum is in Waco! If Texas A&M is an option, all of the people I know who went there had wonderful experiences. If your son does end up in Texas and he’s asked if he is from Texas, one response to consider is “No but I got here as soon as I ...
by J295
Mon Mar 22, 2021 8:38 am
Forum: Personal Investments
Topic: What do most people do with a 401K upon retirement if they dont need it?
Replies: 169
Views: 15618

Re: What do most people do with a 401K upon retirement if they dont need it?

Chassis ... Thank you. I too would like to see actual detailed analysis on the Roth conversion.
by J295
Sun Mar 21, 2021 7:35 am
Forum: Personal Investments
Topic: 8 year checkup, portfolio review, early retirement, AA change?
Replies: 9
Views: 1770

Re: 8 year checkup, portfolio review, early retirement, AA change?

I’ll provide a comment on your AA. First maybe a little background might be helpful. I transitioned out of my professional practice at age 53 in 2013, just a few years after the start of the great recession. We were 100% equities until my transition, which made living through the GR rather dicey. Yo...
by J295
Sat Mar 20, 2021 6:43 pm
Forum: Personal Investments
Topic: Roth Conversion 5-year Rule: N/A for Principal if over 59.5?
Replies: 11
Views: 1169

Re: Roth Conversion 5-year Rule: N/A for Principal if over 59.5?

If your Roth account is 5 years old (i.e., you put $1 in it 5 years ago) and you are over 59 1/2, there is NO five year rule. Period. Full stop. And that applies to contributions, conversions and earnings. +1, all funds are qualified at that point. This is also a good reminder for everyone to open ...
by J295
Sat Mar 20, 2021 10:29 am
Forum: Investing - Theory, News & General
Topic: Logical fallacies on Bogleheads
Replies: 23
Views: 1971

Re: Logical fallacies on Bogleheads

An appeal to authority, if the 'authority' is a recognized expert in the domain, is a pretty tame "fallacy". A court would allow expert testimony on evidence. Not wanting to be argumentative at all… but as a retired lawyer my perception is there is a wide range in the strength of analysis...