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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: 28
Views: 3348

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: 3542

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: 28
Views: 3348

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: 398

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: 398

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: 28
Views: 3348

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: 2049

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: 2049

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: 1212

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: 899

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: 2818

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: 1710

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: 1710

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: 1710

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: 1241

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: 1241

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: 1298

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: 1298

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: 4252

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: 1712

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: 1712

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: 2508

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: 2508

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: 4245

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: 472

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: 2302

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: 2302

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: 17721

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: 40152

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: 9709

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

I second the posted who talked about buying pre-owned. As a watch guy myself, though, I would caution against buying a used Rolex. Forgeries abound. There are other brands of very fine watches, lesser known, which have no knock-offs at all. Consider some other high-end watch brands. I'd be glad to p...
by DJB
Sun Mar 24, 2013 6:37 pm
 
Forum: Personal Consumer Issues
Topic: Why Can't I Bring Myself to Buy Me a Nice Watch?
Replies: 193
Views: 13913

Re: Fidelity 401K options - 0% Expense Ratio?

DJB - What is the full name of the fund? Does it have ticker symbol? Dale The one I'm looking at specifically is called "F.R. Fixed Income Fund," which is listed under intermediate-term bond funds. I can't find a ticket symbol. The other one I am considering is "Capital Guardian Inte...
by DJB
Mon Mar 04, 2013 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401K options - 0% Expense Ratio?
Replies: 12
Views: 1370

Re: Fidelity 401K options - 0% Expense Ratio?

Thanks for your quick replies. Some of the fund choices have very low expenses (.02% for lifecycle funds, total market index), and about half show 0%. So I don't think it's a rounding issue. I clicked through to see if there was any more information about expense ratios and there was nothing more th...
by DJB
Sun Mar 03, 2013 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401K options - 0% Expense Ratio?
Replies: 12
Views: 1370

Fidelity 401K options - 0% Expense Ratio?

Hi All, I have a question for those of you more experienced and knowledgable than me. My company's 401K offers several fund options that show a 0.0% gross expense ratio (both equities and bonds), and this doesn't make sense to me. How could any fund have NO expenses? Are there some hidden fee I am m...
by DJB
Sun Mar 03, 2013 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401K options - 0% Expense Ratio?
Replies: 12
Views: 1370

Portfolio/Plan Review: Newly-Minted Boglehead

Hi all, I found bogleheads about a year ago and have been doing my best to apply what I've learned to get my financial house in order. I've come a long way from where I was, but I'm sure there are areas I can improve, so I'd greatly appreciate your review of my investments and overall plan. Emergenc...
by DJB
Fri Mar 01, 2013 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio/Plan Review: Newly-Minted Boglehead
Replies: 2
Views: 247

Re: Any Experience Selling a Car on [Craigslist]?

I recently sold my car in the SF Bay Area. I set the KBB value as my asking price, and within a day I had someone email me, saying it looks perfect and he has the cash. He came over the next day and we made the deal. I would definitely sell a car again on CL vs. trading in. Some cars are demanding m...
by DJB
Wed Feb 27, 2013 1:20 am
 
Forum: Personal Consumer Issues
Topic: Any Experience Selling a Car on [Craigslist]?
Replies: 49
Views: 2972

Re: Is Med School still a good financial investment?

I hate to post statistics without a reference, so sorry about that I am in the field of healthcare policy and recently read a scientific article comparing the ROI for various graduate degrees and it valides the thoughts of some other posters. It considered cost of tuition, years spent in training, c...
by DJB
Wed Feb 27, 2013 1:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Med School still a good financial investment?
Replies: 123
Views: 7975

Re: Contribute more than 18% to Roth

Hi All, I have been reading about this in various places but have only found fragments about how it really works. I want to make sure I understand. I have a Roth IRA w/vanguard which I max out each year. I also have a 401K through my employer with Fidelity that offers both Roth and Traditional opti...
by DJB
Mon Oct 15, 2012 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute more than 18% to Roth
Replies: 13
Views: 1278

Contribute more than 18% to Roth

Hi All, I have been reading about this in various places but have only found fragments about how it really works. I want to make sure I understand. I have a Roth IRA w/vanguard which I max out each year. I also have a 401K through my employer with Fidelity that offers both Roth and Traditional optio...
by DJB
Mon Oct 15, 2012 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute more than 18% to Roth
Replies: 13
Views: 1278

Re: Roth vs. Traditional 401K

Thanks, all, for your (unanimous) reply! My biggest concern was was an earlier poster mentioned... that 35% taxes in a historical/global context is still pretty low. I do expect to have a defined benefit pension when I retire through my employer, but the size depends on how much longer I stay there....
by DJB
Fri Oct 12, 2012 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401K
Replies: 32
Views: 3578

Roth vs. Traditional 401K

Hi all, I understand the differences between these options, but I'm having a hard time making a decision and I would appreciate your advice. My employer offers the choice of a traditional or roth 401K, up to 18% of my salary. I put in the full 18% and get an additional 7% automatically put into trad...
by DJB
Fri Oct 12, 2012 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401K
Replies: 32
Views: 3578
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