Search found 74 matches

Return to advanced search

Re: Feeling rich to feeling poor overnight

I live in downtown Jersey City, a somewhat expensive area where a studio is at least $1500. I pay $1050 and live in a half-studio (around 230 square feet). It's more than enough space for me. I love the "tiny house" movement. I would do it myself, but convincing my girlfriend of that woul...
by DJB
Fri Oct 24, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Re: Feeling rich to feeling poor overnight

You make say what $200,000 a year? And you might have to pay, say $2,500 a month's rent? And you're worried? About what? Or do I somehow have these numbers wrong? The old rule of thumb is not to pay more than 30% if your income as rent. The % is higher now. Low 6 figs = a little over 100K. Nowhere ...
by DJB
Fri Oct 24, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Re: Feeling rich to feeling poor overnight

fareastwarriors wrote:Where do you want to live? Living in the city versus living in a sleepy East Bay suburb is not even a comparison...


Oakland - Piedmont Ave, Grand Lake, Temescal, Uptown...
by DJB
Fri Oct 24, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Re: Feeling rich to feeling poor overnight

Don't move 30 minutes further from your job/life/friends. Commuting takes a huge toll on people's life and job satisfaction and also their relationships. It's impressive that you've been able to max out all tax advantaged space due to having a below-market rental for a little while. But now you don...
by DJB
Fri Oct 24, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Re: Feeling rich to feeling poor overnight

I think one option you missed is to find the 800 to 1100 dollars per month you need for additional rent through cutting other expenses. Do you have an expensive car you can downgrade or go without? ~300-600 per month Can you increase deductibles on any insurance you have? ~100 per month Go from exp...
by DJB
Fri Oct 24, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Re: Feeling rich to feeling poor overnight

What if you just offered to pay more on your present location? Why not negotiate? I am currently a "caretaker" for a house where the owner is rarely around. My long-distance girlfriend is planning a long-term visit, and he won't allow her to stay, even though I've offered to pay additiona...
by DJB
Fri Oct 24, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Feeling rich to feeling poor overnight

I have always felt rich. By almost every standard, I am rich. I'm 29, make low 6-figures, and have savings of $350K+. I max out all my tax advantaged space which comes to 33% of my gross pay. I live in the SF Bay Area. Recently, I learned that I have to move out of my current place by Dec. 1. I've g...
by DJB
Fri Oct 24, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling rich to feeling poor overnight
Replies: 57
Views: 5860

Re: Making an offer today

I don't understand why anyone feels the OP did something wrong with what they offered. The seller probably spent all of 1 minute deciding it wasn't viable for them. No harm, no foul. Additionally, the value of the home currently has nothing at all to do with what the seller paid for it. It may make...
by DJB
Thu Oct 23, 2014 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: Making an offer today

But I figured it couldn't hurt to ask, especially knowing my intentions were honest and I genuinely want to strike a fair deal. To you it was a "fair" price. Apparently not so to the seller. Don't act as if you are doing the seller a "favor" by offering a "fair" price....
by DJB
Thu Oct 23, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: Making an offer today

A side note... In my city and I think many other major cities, if a property is priced relatively correctly, an offer less than 90% of the asking price is usually not received well. In my experience, if I thought the property was priced that incorrectly, I'd just move on down the road and assume th...
by DJB
Thu Oct 23, 2014 1:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: Making an offer today

4nursebee wrote:OP, how old are you?


I am 29.
by DJB
Thu Oct 23, 2014 1:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: Making an offer today

You hit the nail on the head with #4. My offer was rejected. Quick update (with numbers) for those interested. The condo I made an offer on is listed right around $300K. I offered $255K, which I believe is on the low end of the ballpark (but still in the ballpark) based on what comparable properties...
by DJB
Wed Oct 22, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: Should I (physician) get an MBA?

I am a hospital administrator (no MD) in a large healthcare system and work closely with our physician leaders. There are not many physicians with strong leadership skills, and the career paths for that that do possess these skills have much more potential. What's interesting, though, is that very f...
by DJB
Sun Oct 19, 2014 8:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I (physician) get an MBA?
Replies: 31
Views: 3592

Re: Making an offer today

So after asking for advice whether you should or not with the general consensus being no, you ignored the advice. [OT comment removed by admin LadyGeek] I did ask for advice, but there didn't seem to be consensus either way. There was definitely a split with more people than I expected encouraging ...
by DJB
Fri Oct 17, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: 30-yr fixed or 7-year ARM

Case for ARM: Being a small condo, there is a good chance I will be ready for a larger place in 5-7 years. I would save about $100/mo with this option. Even if I decide to keep the condo and be a landlord, after 7 years, if I applied my 100/savings to my load, I would have only $84K left. Even if r...
by DJB
Fri Oct 17, 2014 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 30-yr fixed or 7-year ARM
Replies: 5
Views: 404

30-yr fixed or 7-year ARM

I am making an offer today on a 1-BR condo. In a previous thread, LongerPrimer asked why I am leaning towards a 3-yr fixed mortgage vs. an ARM. A great question that I struggled with and realized I could use some Bogleheads expertise. The rate difference between ARM and Fixed is 1%. Let's say the ho...
by DJB
Fri Oct 17, 2014 1:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: 30-yr fixed or 7-year ARM
Replies: 5
Views: 404

Making an offer today

After much deliberation and input from this board, I am pulling the trigger on making an offer on a 1-BR condo. Thanks to everyone who has offered their input. I will disclose financial details at a later date. My offer is well below asking price and somewhat lower than my agent suggested. I realize...
by DJB
Fri Oct 17, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4667

Re: Leaning towards buying a 1-BR condo in Bay Area

Thanks for all the wonderful suggestions already in this thread! DJB: Can you provide information about your intended mortgage? We might be able to offer suggestions. Thank you and best wishes. Taylor The 1-BRs I'm looking at run about 300K. I am considering making an offer on a unit now for 260K, w...
by DJB
Mon Oct 13, 2014 11:15 pm
 
Forum: Personal Consumer Issues
Topic: Leaning towards buying a 1-BR condo in Bay Area
Replies: 21
Views: 2076

Leaning towards buying a 1-BR condo in Bay Area

I have never thought it would make financial sense to buy in the Bay Area, but I am close to making an offer on a 1BR condo in the East Bay. The way the numbers work out, the mortgage + taxes + HOA will be approximately the same as the cost to rent a comparable unit. Overall, it appears slightly che...
by DJB
Mon Oct 13, 2014 10:17 am
 
Forum: Personal Consumer Issues
Topic: Leaning towards buying a 1-BR condo in Bay Area
Replies: 21
Views: 2076

First meeting with real estate agent

After lots of great advice on these forums, I decided to start looking at possible condos to buy in Oakland, CA. I have my first visit with a real estate agent tomorrow. I like Redfin's business model and I found him as a partner agent through their website. Any advice for a first time home buyer? I...
by DJB
Fri Oct 10, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: First meeting with real estate agent
Replies: 14
Views: 1217

Another "Am I ready to buy?" post

HI All, I've been firmly in the "rent my whole life" camp for a while, at least living in the SF Bay area (Oakland to be precise). A couple factors have me starting to think about potentially buying a place: Friction with my landlord who I share the house with but who is rarely home. I cur...
by DJB
Tue Oct 07, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Another "Am I ready to buy?" post
Replies: 3
Views: 904

Re: Best nose hair trimmer (is this okay to ask?)

I have recently found hair in new places, and after lots of evaluation it seems like there is are no "professional grade" nose hair trimmers on the market. I've got capital. Anyone with gadgetry experience want to do business?
by DJB
Sun Aug 24, 2014 2:38 pm
 
Forum: Personal Consumer Issues
Topic: Best nose hair trimmer (is this okay to ask?)
Replies: 36
Views: 2822

Re: Which apartment to chose? (Bay Area)

Heard there was a quake up there. Are you OK in your area? Was the damage localized? I've always considered moving to Northern CA but have always been a little watchful about the quakes! I was jostled awake at 3:30am - the shaking seemed to last for about 10 seconds. No damage here - the only damag...
by DJB
Sun Aug 24, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which apartment to chose? (Bay Area)
Replies: 13
Views: 1714

Re: Which apartment to chose? (Bay Area)

Thank you all for the thoughtful comments and suggestions. I did express my displeasure to my current landlord about the hefty rent increase. I didn't go so far as to say I will start looking at other places because of it since I didn't want to invite him to give me 30 days notice. I value the flexi...
by DJB
Sun Aug 24, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which apartment to chose? (Bay Area)
Replies: 13
Views: 1714

Which apartment to chose? (Bay Area)

Hi All, I'd love your input in helping me decide on an apartment in the Bay Area. As background, I am 29, in a long-distance relationship, and have a good start to my career and retirement savings. I make low 6-figures, and put away 18% in my 401K, max my roth, put 10% in after-tax into my 401K whic...
by DJB
Sat Aug 23, 2014 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which apartment to chose? (Bay Area)
Replies: 13
Views: 1714

Re: Arthur Murray Dance Lessons

PS: Congratulations on your upcoming nuptials. Good luck!
by DJB
Sat Aug 02, 2014 10:15 am
 
Forum: Personal Consumer Issues
Topic: Arthur Murray Dance Lessons
Replies: 18
Views: 1007

Re: Arthur Murray Dance Lessons

I took a package of classes with Arthur Murray in the Bay Area and was highly disappointed. I bought a discount package (5 privates, a couple groups, and a "party") on Groupon for about half their normal price. I wanted to mostly learn salsa, so a bit different from your goal. After the le...
by DJB
Sat Aug 02, 2014 10:13 am
 
Forum: Personal Consumer Issues
Topic: Arthur Murray Dance Lessons
Replies: 18
Views: 1007

Re: Nuts and bolts - In-Service After Tax Rollover to Roth I

Wow - thanks for posting! A couple of questions - are you still held to the $5500 limit per year of the Roth? Also - do you need to make a rollover quarterly or can you do it every calendar year to simplify the process? Thanks so much again for sharing. Anil The key benefit of this is that you aren...
by DJB
Wed Jul 16, 2014 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nuts and bolts - In-Service After Tax Rollover to Roth IRA
Replies: 17
Views: 1243

Nuts and bolts - In-Service After Tax Rollover to Roth IRA

There have been frequent questions on this board (myself included) about this process, so I wanted to share my experience. Hopefully it's of some benefit to others. After I learned on these forums that it's theoretically possible to make after tax contributions contributions to my 401K (on top of th...
by DJB
Wed Jul 16, 2014 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Nuts and bolts - In-Service After Tax Rollover to Roth IRA
Replies: 17
Views: 1243

Re: How common are after-tax in service rollovers?

Thanks, everyone, for the feedback and input. I tried running some calculations about what this after-tax rollover could be worth. I plugged in 5% nominal returns and 3% inflation, and the tax benefits result in 2000-2500 more per year. Not bad. I would never try to use this in a salary negotiation ...
by DJB
Wed Jun 25, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: How common are after-tax in service rollovers?
Replies: 17
Views: 1299

How common are after-tax in service rollovers?

I recently learned that my company allows after-tax 401K contributions of 10% of salary, along with four in service rollovers allowed per year to my Roth IRA. I plan to take full advantage of this opportunity. Two questions: 1) How common is it for companies to offer this? Is this something that mos...
by DJB
Mon Jun 23, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: How common are after-tax in service rollovers?
Replies: 17
Views: 1299

Re: 401K in-kind rollover vs. taxable

1) No reason not to do this. Loss of a TLH source is a small price to pay in relation to having all your gains in a Roth IRA where they are tax deferred until such time that they become tax free. 2) You could sell the highest basis investments to fund the AT 401k contributions and pay the lower LTC...
by DJB
Sun May 25, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K in-kind rollover vs. taxable
Replies: 5
Views: 455

401K in-kind rollover vs. taxable

Hi All, I just found out my work 401K offers after tax contributions (10% of my salary) and four in-kind rollovers per year. I've read about this and spoken with my Fidelity 401K rep, and it seems fairly straightforward to roll this into my current Vanguard Roth IRA. A couple questions about this: 1...
by DJB
Sat May 24, 2014 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K in-kind rollover vs. taxable
Replies: 5
Views: 455

Thoughts on prenups

This question is more hypothetical than actual at this point, but I would love to hear your thoughts on prenups as it may one day become more real for me. I'm 29 and have accumulated assets in the mid six figures, and it's unlikely that the person I end up marrying will not have close to these asset...
by DJB
Sat May 10, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on prenups
Replies: 99
Views: 4256

Re: Portfolio help. Self employed and a converted Boglehead

It sounds like you've learned a lot from these forums and are definitely on the right track. 60/40 allocation seems reasonable to me at your age. As for changes, I would probably bite the bullet and sell the high expense ratio funds in your portfolio: blue chip growth, capital appreciation, small ca...
by DJB
Thu Dec 26, 2013 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help. Self employed and a converted Boglehead
Replies: 2
Views: 287

Re: Deer in the headlights. Please help me get off the fenc

Last year, I did just what you are proposing: I sold all my taxable equities and created the 3-fund portfolio. I did indeed foot quite the tax bill in April. This worked out fine, but in retrospect I probably wouldn't have ripped the bandaid off so fast. I would have sold as much of the individual s...
by DJB
Tue Dec 24, 2013 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deer in the headlights. Please help me get off the fence...
Replies: 8
Views: 1552

Re: Long-term disability insurance

The option I'm considering is 50% salary replacement (pre or post tax) and would cost me $360 next year out of my paycheck. I am confused. What is the annual cost for this policy? $360 per year sounds like a very good price. Does your employer subsidize the expense? Everyone in my organization is o...
by DJB
Wed Oct 30, 2013 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Long-term disability insurance
Replies: 22
Views: 1725

Long-term disability insurance

It is open enrollment season at my company (and many others too, I'm sure), and I am debating whether or not to buy long-term disability insurance. I'd appreciate any guidance for how to approach this decision. The option I'm considering is 50% salary replacement (pre or post tax) and would cost me ...
by DJB
Tue Oct 29, 2013 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-term disability insurance
Replies: 22
Views: 1725

Re: Travel in Japan, Taiwan, Korea

Wow, this is amazing advice. Thank you to everyone who took the time to contribute. I feel like I have a starting point now for how to allocate my time. I'd still love any other input if anyone has any!

Thanks again.
by DJB
Sun Oct 20, 2013 3:24 pm
 
Forum: Personal Consumer Issues
Topic: Travel in Japan, Taiwan, Korea
Replies: 17
Views: 2512

Travel in Japan, Taiwan, Korea

Hi All, I have been impressed with the quality of travel-related advice on these forums, so I thought I would ask for my upcoming trip to Asia. This January, I will have 9 days in Japan, 4 days in Taiwan, and 5 days is Korea. I'm 29, male, and will be traveling solo - and sadly, English is my only l...
by DJB
Sun Oct 20, 2013 1:24 am
 
Forum: Personal Consumer Issues
Topic: Travel in Japan, Taiwan, Korea
Replies: 17
Views: 2512

Re: Overseas Travel Adventure - Africa

I lived in Kenya for 6 months and have spent some time in Tanzania as well. I'm guessing I'm younger than you are (29), so take this with a grain of salt. My parents have done a couple OAT trips and have always had great experiences - everything taken care of, and a nice group of relatable travelers...
by DJB
Sat Oct 19, 2013 1:54 pm
 
Forum: Personal Consumer Issues
Topic: Overseas Travel Adventure - Africa
Replies: 18
Views: 1381

Re: Cash Poor

I have been feeling similar to OP recently. I don't keep much cash on hand, but I have lots of taxable funds I could sell on case of an emergency. Regardless, I feel the desire to have more cash on hand for the flexibility: it would be nice to be able to max out my Roth on Jan 1. Or buy a new car in...
by DJB
Fri Oct 11, 2013 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash Poor [Keep "cash on-hand" or use for investing]
Replies: 45
Views: 4246

Saving for down payment... maybe.

Hi All, I'm 28, single and have been with my current employer for 5 years. I'm starting to feel stable here in the Bay Area, and I'm thinking about starting to look at buying something over the next couple years. I'm perfectly content renting for now (I currently have a great arrangement where I'm e...
by DJB
Sat Aug 24, 2013 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Saving for down payment... maybe.
Replies: 2
Views: 473

First time buying EE Bonds

Hi All, I'm looking for feedback/advice on on buying EE bonds. I'm 28, have about 300K in assets, and my allocation is 80/20 (2/3 tax-advantaged). I have a long time horizon, and I'm generally not very bullish about bonds, so doubling in 20 years sounds pretty good to me. I'm considering buying 10K ...
by DJB
Mon Jul 22, 2013 12:23 am
 
Forum: Investing - Help with Personal Investments
Topic: First time buying EE Bonds
Replies: 11
Views: 834

Re: Velvet handcuffs

OP, take it from a veteran who has seen it all. The chances are 100% that one of the following occurs in the next 10 years, forget until you retire: 1. You get laid off because of position elimination. 2. You get laid off because of a merger. 3. You get laid off for poor performance, an inappropria...
by DJB
Tue Jul 16, 2013 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Velvet handcuffs [Retirement plans and long-term employment]
Replies: 18
Views: 2305

Velvet handcuffs [Retirement plans and long-term employment]

Hi all, Just this week, I reached my 5-year anniversary working in my first job out of grad school, which means I am now vested in the defined-benefit pension plan. I've been really happy at work and haven't considering leaving (it's a large health-care organization with lots of potential to move in...
by DJB
Tue Jul 16, 2013 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Velvet handcuffs [Retirement plans and long-term employment]
Replies: 18
Views: 2305

Re: How to get over finance envy

Any time I start to feel this envy, I think back to my public health days working in rural Kenya. $0.50 for a piece of chicken is out of reach for so many people. The personal stories and experiences mean the most, but this global income calculator can help put things into perspective: http://www.gl...
by DJB
Wed Jul 10, 2013 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 167
Views: 17728

Re: Premium Products That Are Worth It To You

Mattress and bedding - My Sterns & Foster cost an organ but totally worth it. I sleep like a baby. Produce/Dairy/Meat - Tastes better and healthier Bath products - I feel a little metro, but it feels better than that chemical crap Dress shoes - Cheaper in the long run and much more comfortable M...
by DJB
Sat Jun 15, 2013 1:53 am
 
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 40161

Investing is boring

Hi All, I have dedicated the last year or so learning all I can from Bogleheads and putting these lessons into practice. I have totally bought in to the Bogleheads philosophy and now find myself in a very comfortable place: I'm 28, have my ducks in a row, and simply need to "stay the course&quo...
by DJB
Sun Jun 09, 2013 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing is boring
Replies: 34
Views: 3818

Re: Do You Haggle? If so: when, for what, how?

Surprised I haven't seen anyone mention mattresses yet! Outside of my car (haven't yet bought a home), this was the biggest ticket item I've bought. Mattress priced at $2200 I ended up getting for $1400, no tax, delivered same day. Maybe I could have done better - those markups are huge!
by DJB
Mon Mar 25, 2013 10:59 pm
 
Forum: Personal Consumer Issues
Topic: Do You Haggle? If so: when, for what, how?
Replies: 94
Views: 9713
Next

Return to advanced search