Search found 593 matches

Go to advanced search

by DVMResident
Fri May 22, 2015 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3738

Re: Not able to max out all the retirement accounts

We are putting about 30K a year to retirement accounts . Soon will be less than 30K because I will transfer from community college to state university. My husband thinks he can make about 30K a year extra with Uber. He hopes. Stop worrying. Seriously, you're doing great. Your husband doesn't need a...
by DVMResident
Fri May 22, 2015 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 65
Views: 5765

Re: Friends/Family that don't invest!

I'm coming to the realization LBYM is a behavior mostly determined by intrinsic personality. BH gives people with innate LBYM behavior direction how to channel that behavior. Telling someone who is a spender, "spend less" doesn't work. I've bought books (typical BH list) for people I'm cl...
by DVMResident
Fri May 22, 2015 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3738

Re: Not able to max out all the retirement accounts

OP, you still haven't stated your saving rate or portfolio size. The board will not be able to tell you if you're saving enough if you don't provide this information. If you don't want to say, I'll point you to Wade Pfau's work: http://resource.fpanet.org/resource/981547A8-1D09-67A1-ACAC12B70A5C0D5...
by DVMResident
Fri May 22, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3738

Re: Not able to max out all the retirement accounts

OP, you still haven't stated your saving rate or portfolio size. The board will not be able to tell you if you're saving enough if you don't provide this information. If you don't want to say, I'll point you to Wade Pfau's work: http://resource.fpanet.org/resource/981547A8-1D09-67A1-ACAC12B70A5C0D51...
by DVMResident
Thu May 21, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 65
Views: 5765

Re: Friends/Family that don't invest!

Most are disappointed I can't and won't give them stock tips I have found this to be the biggest challenge. People who ask for investment help want you to predict the next Apple, not hear about tax efficiency, indexing, realistic expected returns, and LBYM (the most important). Meh' I'm coming to t...
by DVMResident
Tue May 19, 2015 12:12 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 30
Views: 2885

Re: Supreme Court rules in favor of 401k participants who object to high fees

Very proud to say that my late husband provided expert analysis used by the plaintiffs in this case (as well as other related class action cases.) He worked on these issues for many years and discussed a great deal of the analysis with me. I was kind of his sounding board for analytical techniques ...
by DVMResident
Mon May 18, 2015 6:46 pm
Forum: Personal Consumer Issues
Topic: 21 Surprising Statistics That Reveal How Much Stuff We Actually Own
Replies: 11
Views: 2194

Re: 21 Surprising Statistics That Reveal How Much Stuff We Actually Own

dolphinsaremammals wrote: 1. There are 300,000 items in the average American home (LA Times). For that to be true, I'd have to have 15 items per cubic foot in my house. This is why "storage" is a four-letter word. Storage is just a place to keep low utility junk between moves. This is one...
by DVMResident
Mon May 18, 2015 12:30 pm
Forum: Investing - Theory, News & General
Topic: Teaching 8 year old about stock market...
Replies: 22
Views: 1358

Re: Teaching 8 year old about stock market...

This website gives a nice guide as bench marks for children to learn about money:
http://moneyasyougrow.org/
by DVMResident
Sat May 16, 2015 12:59 pm
Forum: Personal Consumer Issues
Topic: Home Prices Are Way Too High
Replies: 26
Views: 3616

Re: Home Prices Are Way Too High

wtf, houses here in LA suburbs cost $600k and would rent out for about $2200. is it better to buy or rent here? Rent in this case. Your rent is 0.36% of market value. General rule of thumb: rent if rent is <0.5% of market price. Buy is rent is >0.8% of market price. That $2.2k is a good deal. My 2 ...
by DVMResident
Fri May 15, 2015 6:37 pm
Forum: Investing - Theory, News & General
Topic: The striking effects of career sequencing with pension and 401k
Replies: 13
Views: 1890

Re: The striking effects of career sequencing with pension and 401k

It is an interesting example you've given, but it is clearly heavily skewed by compounding. It's also skewed by the pension formulas weighting the highest average salary (typically 3-5 years). The formula heavily favors late-phase careers. In contrast, heavy 401(k) in late-phase careers don't have ...
by DVMResident
Thu May 14, 2015 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Buying property with friends to rent
Replies: 16
Views: 1580

Re: Buying property with friends to rent

using a property management company to manage the rental I'm of the opinion, if you need a property manager, you should not become a landlord. They eat up too much of the profits. Typically managers charge 1 month gross rent per year, or about ~8%. Notice how Bogleheads complain about 1% fees? My 2...
by DVMResident
Thu May 14, 2015 2:56 pm
Forum: Personal Consumer Issues
Topic: Home Internet - Cat 5e or Cat 6
Replies: 49
Views: 3109

Re: Home Internet - Cat 5e or Cat 6

Another future proof vote.

$1325 extra is nothing in the grand picture and everything will stream via the internet in the near future.
by DVMResident
Thu May 14, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Networth question
Replies: 54
Views: 4312

Re: Networth question

A home should definitely count in net worth because it is an asset that can be consumed for living or sold/leveraged (e.g. HELOC) to buy other goods. For net worth, I count how much I would actually get from selling, i.e. after transnational costs (8%): [(1 - 0.08) * (Market Value)] - Mortgage I'm a...
by DVMResident
Wed May 13, 2015 5:59 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 5981

Re: The BIG problem with the S&P 500 index?

This criticism is academic and doesn't matter in the real world. Take at a look at the Total Stock Market vs S&P 500: http://s29.postimg.org/itxzue9k7/Captura_de_pantalla_2014_12_31_a_las_1_55_15_PM.png They track each other extremely well (despite the minor the additional of mid/small cap in th...
by DVMResident
Tue May 12, 2015 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Living in LA but working in SF
Replies: 12
Views: 1399

Re: Living in LA but working in SF

Another thought: if this is a tech company, see if they have an office in LA (I realize you shouldn't say the employer's name on a public forum). Maybe a split appointment might work.

Google and Yahoo, for example, are opening a huge new offices in Playa Del Rey.
by DVMResident
Tue May 12, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Living in LA but working in SF
Replies: 12
Views: 1399

Re: Living in LA but working in SF

It would suck. Could you work from home every other week? That's doable. Or would your fiance be willing to find a job up north? There's no way that commute is sustainable for the relationship. You'll also be dumping a huge amount of your income in a second apartment/hotel and plane tickets. Spendin...
by DVMResident
Mon May 11, 2015 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on Fidelity Freedom Index 2020 fund?
Replies: 5
Views: 396

Re: Opinions on Fidelity Freedom Index 2020 fund?

avp1234 wrote:I was trying to catch up with the more aggressive AA, but I'm not comfortable with it


Listen to your gut. Don't risk what you can't afford to lose.
by DVMResident
Mon May 11, 2015 6:00 pm
Forum: Personal Consumer Issues
Topic: Preventing people from disturbing wet sidewalk cement.
Replies: 13
Views: 1271

Re: Preventing people from disturbing wet sidewalk cement.

Motion sensor water cannon. 8-)

They're intended for deer, but I think they would be work perfectly for this case.
by DVMResident
Mon May 11, 2015 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12531

Re: Frugality Reinforced - The Millionaire Next Door

I also remember the book included some kind of formula that you could apply to your own circumstances to see if you were on track to becoming a MND, based on your age group. I recall applying it at the time and learning I was far behind. Ironically, I am now ahead....and given what I know about my ...
by DVMResident
Mon May 11, 2015 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth Specs for Different Companies
Replies: 8
Views: 637

Re: Mega Back Door Roth Specs for Different Companies

For those 401K participants that can do the mega back door (after-tax 401K and in plan/service conversion) roth: 1. Does your company allow the conversion of after-tax 401k money to: a. Transfer to Roth IRA (ie Vanguard, Fidelity, etc) <--- This one. Fido runs the 401(k). The conversion must go int...
by DVMResident
Sun May 10, 2015 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Recently relocated family seeking advice
Replies: 13
Views: 1536

Re: Recently relocated family seeking advice

$700k~1M and less for condos, versus $2.5k to rent a condo On the dollars and cents side: run the numbers on the NYC calculator linked above. General, rule of thumb, rent of <0.5%/month of market value favors renting. When you start getting in the >0.8 (house) or 1% (condo)/month of rent to market ...
by DVMResident
Sat May 09, 2015 11:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard v. Fidelity
Replies: 26
Views: 2264

Re: Vanguard v. Fidelity

Also, I have a three-fund ROTH IRA with Vanguard and am wondering what the comparable funds (to those below) with Fidelity are? VTSAX Vanguard Total Stock Market Index Fund Admiral Shares 0.05% (ER) VTIAX Vanguard Total International Stock Index Fund Admiral Shares 0.14% (ER) VBMFX Vanguard Total B...
by DVMResident
Fri May 08, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Which of these 6 mortgages seem good?
Replies: 40
Views: 3740

Re: Which of these 6 mortgages seem good?

That said, I would take the 0.25% rate increase to avoid the $4000 out of pocket closing costs. The cash savings is worth it and your payment will barely budge. Mathematically it doesn't make much difference over the life of the 30 year loan, but 90% of mortgages are paid off within 10 years (due t...
by DVMResident
Thu May 07, 2015 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17004

Re: What job to get to coast to Retirement at age 59 1/2?

Teaching at a local Junior College. Average national pay is low-$70k's for the technical side and low-$50k's for private for full time (12 units). Adjuncts are paid by the course, usually about $2500-$3000 each " Wow, didn't realize it was that bad. I was looking at full faculty stats. You'd b...
by DVMResident
Thu May 07, 2015 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17004

Re: What job to get to coast to Retirement at age 59 1/2?

Teaching at a local Junior College. Average national pay is low-$70k's for the technical side and low-$50k's for private for full time (12 units). Depending on your needs, you may even be able to go part time (9 units or take summers off). Good breaks between semesters. Work would be rewarding. The ...
by DVMResident
Wed May 06, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off student loans by selling house
Replies: 43
Views: 2576

Re: Paying off student loans by selling house

The 8~10% ($7~9k) transnational costs of selling a house plus the transnational cost of buying a new future house down makes this idea unappealing. The sale costs will be worth ~two year's worth of interest on the loans. You might be able to use a HELOC to pay off and save a bit on the interest, but...
by DVMResident
Sun May 03, 2015 6:44 pm
Forum: Personal Consumer Issues
Topic: Digital Pen and Tablet
Replies: 7
Views: 374

Re: Digital Pen and Tablet

Software: SketchBook Pro I use SketchBook Pro as my primary software. It's lite weight, less expensive, and surprisingly powerful. Hardware: There's 2 basic types of tablets for drawings: pen tablets and drawing tablets with a screen. Pen tablets: Huion and Wacom are your two best primary options. H...
by DVMResident
Fri May 01, 2015 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: S&P 500 foreign revenue at 50% - advice on impact of port.
Replies: 28
Views: 2415

Re: S&P 500 foreign revenue at 50% - advice on impact of por

1. Would you consider the S&P 500 partly international exposure similar to a total international market index fund? Of course I know not exactly, but in some form or shape? While it's true that the S&P 500 companies make a large portion of their profits in international markets, that line o...
by DVMResident
Sun Apr 26, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing rental income?
Replies: 9
Views: 911

Re: Investing rental income?

There really is not enough information to answer your question. Especially lacking is (1) goals, (2) how this money fits in with your larger investments picture, and (3) time horizon. Posting something like this format would help getting quality answer. Personally, I use the excess cash-flow from my...
by DVMResident
Sat Apr 25, 2015 1:07 am
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 182
Views: 12636

Re: Good Modern Science Fiction

Not recent books, but some of my favorites:
-Mote in God's Eye (very thought provoking)
-Stranger in a Strange Land (classic)
-Ender's Game (I like Scott Card's work in general)
-Lucifer's Hammer (good story telling)

Listened to all as audio books. The narrators are good for all of them.
by DVMResident
Thu Apr 23, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds Poll
Replies: 72
Views: 3925

Re: Age in Bonds Poll

MP1233 wrote:We do "ten year projected expenses in bonds/cash" rather than "age in bonds." Age in bonds is too conservative for funds that we will probably never use.


I like this and am seriously considering this approach.
by DVMResident
Thu Apr 23, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds Poll
Replies: 72
Views: 3925

Re: Age in Bonds Poll

"Age in bonds" was a good rule in that it was simple and easy to follow.
Now there are better glide paths, especially with the proliferation of TD funds, that are even easier to follow.
by DVMResident
Tue Apr 21, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8300

Re: What's your average monthly expense???

I assume these are not all retired people. Many don't seem to list health insurance as an expense and some seem very low at $100 month or so. It doesn't show up on the line budget, but should, because it's automatically deducted for W-2 employees. To be honest, I have to look at my pay stub to even...
by DVMResident
Mon Apr 20, 2015 2:51 am
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8300

Re: What's your average monthly expense???

This looks very normal for the area. We also live in SD. Married, 1 infant child. Very similar budget, rolling 12-month expenditure is $4996. Our rent is higher by $650, which nearly accounts for the difference. Is there a reason you want your budget lower? Not meeting your savings goals? Savings is...
by DVMResident
Mon Apr 20, 2015 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 90
Views: 7106

Re: Single best piece of personal finance advice ever receiv

Bracket wrote:
topper1296 wrote:
LiveSimple wrote:Live below your means !


+1


This.


Honorable Mention goes to:

Don't invest in anything you don't understand.


I like "save half of all raises" for a how to version of "Live below your means!"
by DVMResident
Thu Apr 16, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Help Evaluating Federal Job Offer
Replies: 28
Views: 2794

Re: Help Evaluating Federal Job Offer

On the surface, the federal job looks much better. Commute : 7 miles vs Commute: 17 miles What is this in terms of time? If you're blasting down the highway at 65 mph, it's only a couple of extra minutes. Where I live, this could add an hour to the commute. If the commute is too long, you could move...
by DVMResident
Tue Apr 14, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11551

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? My immediate families knows my salary. While they don't know my net wealth number (I would answe...
by DVMResident
Mon Apr 13, 2015 11:19 pm
Forum: Personal Consumer Issues
Topic: Is it normal for companies to pay your home closing costs?
Replies: 5
Views: 702

Re: Is it normal for companies to pay your home closing cost

I'm in biotech with 2 terminal degrees.

My one and only relocation thus far included up to $10k of selling home costs or "breaking lease fees." HR told me "standard" total relocation packages for our industry for terminal degree candidates in the $30-35k range.
by DVMResident
Mon Apr 13, 2015 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell our rental house, reinvest profits elsewhere?
Replies: 36
Views: 2081

Re: Should I sell our rental house, reinvest profits elsewhe

wife pregnant but she will stay working This is a personal comment: I would carefully consider this in your choice to keep or sell the rental. While rentals are not that much work, but there are periods when the time commitment spikes. You need to able to absorb those spikes: full weekends showing ...
by DVMResident
Mon Apr 13, 2015 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: At my age & tax bracket, is a Roth smart?
Replies: 24
Views: 2570

Re: At my age & tax bracket, is a Roth smart?

joebh wrote:
DVMResident wrote:ROTHs make sense when either (1) you expect to be in a lower bracket in retirement than today or (2) you're out of space.


When you expect to be in a lower bracket?


Sorry, correction: higher bracket. Thanks for seeing the mistake.
by DVMResident
Mon Apr 13, 2015 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: At my age & tax bracket, is a Roth smart?
Replies: 24
Views: 2570

Re: At my age & tax bracket, is a Roth smart?

ROTHs make sense when either (1) you expect to be in a lower bracket in retirement than today or (2) you're out of space. Can you explain on your tax advantaged options, like 401(k), SEP-IRA, etc.? And your goals with this money? At first glance, your bracket is fairly high. Therefore, traditional s...
by DVMResident
Mon Apr 13, 2015 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Downpayment on a house
Replies: 5
Views: 596

Re: Downpayment on a house

Similar to the comments before, it's hard to give advice without knowing your tax status. But the stock options starting to expire in 2018 would be at the top of my list: (1) You need the cash now (2) You're close to the expected maximum extraction value (advice is typically hold-on to 2 years prior...
by DVMResident
Sun Apr 12, 2015 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to an expensive new home - mortgage paydown question
Replies: 6
Views: 1056

Re: Moving to an expensive new home - mortgage paydown quest

Minor correction to the OP: your CA bracket is higher. Tax Bracket (Married)/Marginal Tax Rate $0+ 1.00% $15,174+ 2.00% $35,952+ 4.00% $46,346+ 6.00% $57,359+ 8.00% $67,751+ 9.30% $345,780+ 10.30% $414,936+ 11.30% $691,560+ 12.30% $1,000,000+ 13.30% http://www.tax-brackets.org/californiataxtable
by DVMResident
Fri Apr 10, 2015 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell our rental house, reinvest profits elsewhere?
Replies: 36
Views: 2081

Re: Should I sell our rental house, reinvest profits elsewhe

Can't address the life-style issue. That's a personal call. Not enough info: What is your on-cash ROI? Home value and gross rental income and fixed costs? What would be the capital gains/recapture taxes would be imposed on the $250k? Do you have any years of expected lower income (e.g. staying home ...
by DVMResident
Fri Apr 10, 2015 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to know if I am saving enough?
Replies: 25
Views: 2729

Re: How to know if I am saving enough?

45% is more than "enough." At your age, your target rate should be in the 12-20% range, depending on your time horizon: http://resource.fpanet.org/resource/981547A8-1D09-67A1-ACAC12B70A5C0D51/0511-Pfau-Table-1.jpg ^Wade Pfau's work. That being said, I think "front-loading" retire...
by DVMResident
Tue Apr 07, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: converting to rental property
Replies: 14
Views: 805

Re: converting to rental property

I didn't see depreciation. You would have to depreciate the asset based (I think) on the FMV at the time of conversion (structure only, FMV of land is not included as a depreciable asset). I didn't calculate depreciation into the mix. Looks like it'd be $4,924.24 the first year (assuming June) and ...
by DVMResident
Mon Apr 06, 2015 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate and reits
Replies: 22
Views: 2274

Re: Real estate and reits

Interesting. I've noticed the same things on the individual property side. The price-to-rent ratios are awful now (~0.6%). On the macro-side, seeing a spike in the Case-Schiller Index. Probably correlated with the rich valuation you're seeing the REITs.
Thanks for the reference.
by DVMResident
Mon Apr 06, 2015 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Massive student debt @ 6.8%
Replies: 62
Views: 6425

Re: Massive student debt @ 6.8%

Those loan are very heavy for your income level and have a high interest rate. That interest is on par than the projected returns of stocks ( http://www.bogleheads.org/wiki/Historical_and_expected_returns ). A ROTH IRA isn't a bad idea considering you'll someday earn more than $12k/yr (even full tim...
by DVMResident
Mon Apr 06, 2015 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate and reits
Replies: 22
Views: 2274

Re: Real estate and reits

For decades, I have invested heavily in individual REITs, usually buying them when the real estate cycle is down or when a particular REIT has a problem, like ARCP (American Realty Capital Properties) did recently. There are different kinds of REITs. Some hold mortgages, some hold properties, some ...
by DVMResident
Mon Apr 06, 2015 1:32 pm
Forum: Personal Consumer Issues
Topic: Rental flooring decision
Replies: 36
Views: 3243

Re: Rental flooring decision

Another vote for laminate. Lighter, natural wood patterns look great and make the space look larger. The laminate is tough and lasts a long time. It's cheap, ~$2/sq ft (not including moulding and joiners). Installation is simple (requiring little skill if the ground is level), though requires quite...

Go to advanced search