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Re: In-law Suite

The first concern of mine would be tax implications. For starters, in some places a remodel or adding square footage triggers a reassessment as to value. This in turn will increase early property taxes and in turn, you would be creating an escalation in property tax . . . because not only will you b...
by DiscoBunny1979
Thu Apr 24, 2014 1:28 am
 
Forum: Personal Finance (Not Investing)
Topic: In-law Suite
Replies: 15
Views: 1113

Re: Need Ear Bud Recommendation

When did it all of a sudden become "OK" to ride a bicycle or drive a car with both ears attached to a headset device? As far as I know where I live, California, it is still illegal to drive a car or ride a bicycle by having your ears covered with any kind of headphone or earbuds. Where doe...
by DiscoBunny1979
Wed Apr 23, 2014 10:43 pm
 
Forum: Personal Consumer Issues
Topic: Need Ear Bud Recommendation
Replies: 29
Views: 1613

Re: "New" car has crack in windshield, dent on trunk

Years ago I bought a pre-owned Jeep Grand Cherokee from what I considered a very well known and respected dealership. I test drove it, looked it over from top to bottom twice, negotiated what I thought was a great price, they washed it before they released it to me . . . . and I drove it off the lot...
by DiscoBunny1979
Sun Apr 20, 2014 12:02 am
 
Forum: Personal Consumer Issues
Topic: "New" car has crack in windshield, dent on trunk
Replies: 7
Views: 746

Re: Just had offer accepted on a house! (Advice pls!)

In my area an inspector is only required to note what he can see. For instance, if there are any plants blocking views around the sides of the house, then he doesn't have to poke his nose behind the bushes to inspect mold or cracks. He can note what he sees, but doesn't have to dig his way into thin...
by DiscoBunny1979
Thu Apr 17, 2014 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 2122

Re: Lost $10K in my investments past few months

In answer to the OP....I treat my mutual fund core holding (STAR Fund) as different than the only single stock I use to own. STAR Fund is more or less forever; whereas the biotech stock I owned was my bet on a certain technology. Well, the stock tripled so over the past month or so I've been a selle...
by DiscoBunny1979
Tue Apr 15, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lost $10K in my investments past few months
Replies: 36
Views: 4360

Re: Home improvement plans not filed with town?

Where I live, many people finish off their garage as an additional "living space" and then add another covered parking space or garage with permits to make it 'legal'. But many people do not go through the Permit process because they don't want their property tax bill to increase (property...
by DiscoBunny1979
Mon Apr 07, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home improvement plans not filed with town?
Replies: 21
Views: 962

Re: Urge to buy a house every rent increase

Buying versus renting is a lifestyle choice. I use to disagree with the notion that a home is a consumer item, but the more I look at it that way, the more I am convinced it is true. The question . . . can a consumer item also be an investment? In a perfect world, I don't believe one should count on...
by DiscoBunny1979
Thu Apr 03, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Urge to buy a house every rent increase
Replies: 29
Views: 1518

Re: Saving on major renovations

It's been my experience that almost no one will like your improvements and will always find something to complain about. For instance, not liking the choice of Granite, having OR not having Stainless Steel Appliances, type of cabinets, having or NOT having 2 sinks in bathrooms, type and color of car...
by DiscoBunny1979
Mon Mar 31, 2014 10:33 pm
 
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 2526

Re: Acquiring Debt - Marriage

In my opinion, debts acquired before Marriage are the responsibility of the spouse that acquired the debt. The problem - if you live in a state that is not a Community Property State (or even one that is), assuming debts that are not yours from before marriage can be interpreted by a divorce court a...
by DiscoBunny1979
Wed Mar 19, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Acquiring Debt - Marriage
Replies: 28
Views: 2797

Re: Staying the Course has never been harder

There's an expression made popular by a particular person on an investment show . . . Bulls make money, Bears make money, and Pigs get slaughtered. While this mostly refers to those that don't take some gains off the table while they have them, I think this can be applied to the OP's topic. The reas...
by DiscoBunny1979
Sat Mar 08, 2014 5:09 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4647

Re: 27yr old. Help with Vanguard Roth IRA- Beginner

I disagree with most of the prior posters on the STAR Fund. The STAR Fund was created for exactly the reason the OP wants to invest. It was created not as a 'starter' fund, but a fund to give someone adequate exposure to various areas of the market, so that a person, while not having every spot on a...
by DiscoBunny1979
Fri Feb 07, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 27yr old. Help with Vanguard Roth IRA- Beginner
Replies: 9
Views: 637

Re: Seller getting Real Estate Appraisal

Since many of the real estate transaction are being done in cash, there is no need for an appraisal on your end. You should know either the value of the house or what you're willing to part with it for. A cash transaction doesn't require an appraisal and therefore such buyer will pay a price they th...
by DiscoBunny1979
Thu Jan 23, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Seller getting Real Estate Appraisal
Replies: 9
Views: 829

Re: My First Home Purchase!

My experience with VA loans is that they are a great way for first time home buyers to buy a home. And here's the 'however'. However, most VA loans have required the home owner to occupy. There must be a clause in the VA loan to authorize the renting out of the home or else you have to inform the ba...
by DiscoBunny1979
Wed Jan 22, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: My First Home Purchase!
Replies: 20
Views: 1779

Re: Vanguard Star

I've been investing in STAR for my ROTH IRA for about 8 years now and after reviewing a lot of the options out there, the idea of 'investing' in a fund like this isn't to hit every single thing perfectly. What you want to do is cast a net wide enough that over the long-run you will have a satisfacto...
by DiscoBunny1979
Thu Jan 16, 2014 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Star
Replies: 7
Views: 928

Re: Renting Our Starter Home - Pros and Cons

I spoke with our bank and they would give us a second loan to purchase another home at the amount we would need if we can rent our current place. My opinion is that one should never get a loan on another house based on rental income from another property to cover that note. This is how one gets for...
by DiscoBunny1979
Mon Jan 13, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting Our Starter Home - Pros and Cons
Replies: 31
Views: 2779

Re: Buying a foreclosed house

I never talk to neighbors. If you have to do that to gauge the area, dont buy. You need to know the area. Meet the neighbors to meet them. House condition tells you what went on there. Oh yeah, it was repo'd... Never hosed a roof. Never seen it done. Roof condition evident from ground. If questiona...
by DiscoBunny1979
Mon Jan 13, 2014 1:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a foreclosed house
Replies: 16
Views: 1389

Re: maxing Roth IRA at once?

The long range trend of the market is up, but there will sometimes be a losing year when the market will be lower at year end ---------------------------- In my opinion, this might be misleading to a new investor. The long range trend is based upon the past. Borrowing a Motley Fool expression that ...
by DiscoBunny1979
Wed Jan 08, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: maxing Roth IRA at once?
Replies: 11
Views: 561

Re: Question on House Affordability.

I would investigate the actual cost of insurance for a house in San Diego. I live in Southern CA and my insurance is $!600+ a year based on rebuilding cost of approximately $300K. That does not include Earthquake insurance. Rebuilding cost is important because my purchase price of $170K doesn't fact...
by DiscoBunny1979
Sat Jan 04, 2014 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on House Affordability.
Replies: 25
Views: 1562

Re: What metric to determine refi?

Jimb, thank you for the detailed response. When I perused through the mortgage professor site referenced in the second post, he includes all the factors you mentioned. I didn't quite understand but your explanation makes it clearer. I'm in the 28% fed and 9.3% CA tax brackets. I max both my 403b/45...
by DiscoBunny1979
Sat Jan 04, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: What metric to determine refi?
Replies: 17
Views: 679

Re: Grilling: Propane, natural gas, and electric?

I have a nice stainless steel grill I bought for about $1200 a few years ago and It sits quietly under it's protective cover most of the year because even though I connected it to the NG line so conveniently located on the outside wall by the kitchen, I found out I dislike cleaning it and polishing ...
by DiscoBunny1979
Thu Dec 26, 2013 1:58 am
 
Forum: Personal Consumer Issues
Topic: Grilling: Propane, natural gas, and electric?
Replies: 51
Views: 2901

Re: Bad Time to Jump In?

First time investor, I have been dragging my feet on opening an account with either Vanguard or Fidelity for about 6 months. I'm looking to invest about $50,000 but now, with Dow so high and the "bull market" seemingly peaking, should I wait a couple months before investing? It just seems...
by DiscoBunny1979
Sat Dec 21, 2013 11:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad Time to Jump In?
Replies: 37
Views: 3633

Re: Career advice for niece (without College degree)

Kids who skip college impress me - why spend four years cramming for finals and supporting the industrial-education complex? Unless you're a STEM major, in most cases there's little point IMO. College ain't cheap anymore. I'm sorry, but this is very short sighted. I've worked at Computer Companies ...
by DiscoBunny1979
Wed Dec 18, 2013 12:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 3578

When to convert ROTH Contribution to Traditional

I've made my 2013 ROTH Contribution. However, this year my tax situation has changed whereas it might be more beneficial to have contributed to a Traditional IRA in order to take advantage of getting a larger tax refund. The question is what amount of dollars today is better to receive now, then wai...
by DiscoBunny1979
Fri Dec 06, 2013 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to convert ROTH Contribution to Traditional
Replies: 1
Views: 189

Re: New member seeking advice and wisdom

I'm going to go against the grain here. I disagree with: You want an AA of 90% stocks, 10% bonds (low for your age). . . Because the OP wrote: Quick Bio: Just turned 27 & recently started a new job making $100K/year salary . . . I live well within my means and enjoy saving. I will be selling my ...
by DiscoBunny1979
Fri Nov 15, 2013 11:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: New member seeking advice and wisdom
Replies: 11
Views: 985

Re: Deciding whether to keep (rent out) or sell a house

My parents have recently inherited a house and need to make a decision on whether to keep or sell it. We’re working together to try to weigh the benefits and costs of both options and were looking for some outside input. A brief summary of my parents’ situation: About 3 years from retirement (curre...
by DiscoBunny1979
Sun Nov 10, 2013 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deciding whether to keep (rent out) or sell a house
Replies: 6
Views: 536

Re: Home buy - Now or later (Big salary increase)

In my opinion, the most secure plan is to buy a house that's affordable on only one spouse's income - the lowest of the two, and that it's based on payments (principal, taxes, insurance) for a 15 year fixed mortgage. That's to make sure that if one person dies or if one person goes on some type of d...
by DiscoBunny1979
Sun Nov 10, 2013 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buy - Now or later (Big salary increase)
Replies: 32
Views: 3102

Re: Helping others - should you or .. ?

There are fee-only planners who can set this up and do more. They charge roughly 0.5%, for which they do X, Y, and Z. You should understand enough from these books to do it yourself, so you are paying for those services. Here are some vetted ones - Ferri, Swedroe, etc. I called them/read their book...
by DiscoBunny1979
Sat Nov 09, 2013 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping others - should you or .. ?
Replies: 20
Views: 1880

Re: Let relative use my address for bank account?

Some other concerns might be that a bank, once getting that 'change' of address to the OP's address could perform a credit check on the account's owner to determine their status. Some banks perform credit checks once a year as 'standard' just to see if anything has changed regarding credit worthines...
by DiscoBunny1979
Fri Nov 08, 2013 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Let relative use my address for bank account?
Replies: 31
Views: 2437

Re: Is this a good time to start Indexing

Check out the chart for VFIAX - Vanguard's S&P 500 index fund. Set it to Maximum. Doesn't September 30, 1987 look like a lousy time to invest? The market's at a high, and then look at the plunge it took soon afterward - "Black Monday." (Not that anyone knew of that impending crash at ...
by DiscoBunny1979
Fri Nov 08, 2013 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good time to start Indexing
Replies: 10
Views: 1287

Re: Dollar Cost Averaging -- good or evil?

In my opinion there are at least two things to consider 1) DCA keeps one in the game, buying all the time, regardless of market IF the DCA buying is set up as a non-emotional automatic buying on a set schedule, and 2) the beginning years of "Investing" really has nothing to do with getting...
by DiscoBunny1979
Thu Nov 07, 2013 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging -- good or evil?
Replies: 48
Views: 2387

Re: How to Grow/Invest Future House Down Payment

We all have to start somewhere, and we all have . . . but really, $3,000 is not a whole lot of money anyway. Even if you got a 10% return each year, what really is $300 a year for 3 years going to make if you live in an area whereas a 20% down payment to avoid PMI could be $30,000 or much more? It's...
by DiscoBunny1979
Wed Nov 06, 2013 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Grow/Invest Future House Down Payment
Replies: 18
Views: 1770

Re: Two Days in Munich

I'd like to go to Dachau, but not sure if that's enough time or worthwhile since my time is so limited. e5116: I will never forget our morning in Dachau. It was one of the most meaningful days of my life. It will help you understand why more than 50 million people died during World War II. Best wis...
by DiscoBunny1979
Tue Nov 05, 2013 11:20 pm
 
Forum: Personal Consumer Issues
Topic: Two Days in Munich
Replies: 24
Views: 1277

Re: House painting - interior/exterior

I am definitely not going to paint the exterior myself - too much time involvement plus more degrees of (failure) freedom! But we are considering it for sometime in the next year or so. Given that the perimeter is about 40x60 to 50x60 or do, what would be a reasonable estimate for time and money on...
by DiscoBunny1979
Fri Nov 01, 2013 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: House painting - interior/exterior
Replies: 7
Views: 1203

Re: Disability Insurance is Necessary?

A big factor that I have not seen mentioned that how much you need it could depend on what your monthely expenses are. ------------- It's my opinion that many folks that go on disability have to downsize or rightsize their situation. Many try to continue their 'lifestyle' as if nothing has happened...
by DiscoBunny1979
Thu Oct 31, 2013 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance is Necessary?
Replies: 14
Views: 1602

Re: Long-term disability insurance

If you take the employer coverage, take it post-tax. That way benefits are not taxed. This may or my not be the best advice. Many LTD policies, regardless of % paid deduct monies obtained from Social Security and possibly other sources. Therefore, that 50% of pay might be less paid by the 'company'...
by DiscoBunny1979
Wed Oct 30, 2013 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-term disability insurance
Replies: 19
Views: 1183

Re: High Income Earner, Pay off Mortgage

Another thesis of this argument is that our "portfolio" is presently allocated as follows: 1.) 15MM - 30MM in risky equity in a privately held buisness 2.) 300k in index funds 3.) 2.5MM in cash This is a question that deals with earmarking dollars for the business versus dollars for 'reti...
by DiscoBunny1979
Sun Oct 20, 2013 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Income Earner, Pay off Mortgage
Replies: 19
Views: 2431

Re: Stay put as mortgage slave or relocate?

The OP has to also consider that in order to claim the equity in the house in bay area as tax free, not only does the 2 year requirement have to be met in terms of living in it, but it has to officially be their "Primary Residence". Which house has the $7,000 homeowner's exemption as the P...
by DiscoBunny1979
Tue Oct 15, 2013 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stay put as mortgage slave or relocate?
Replies: 23
Views: 3281

Re: Is it worth it to hire a professional for tax planning?

Are they going to produce better results than I can do myself? Ultimately, it's the tax payer's responsibility to see that the tax return is filed on time and correctly. While a tax planner or CPA or whoever might prepare your taxes/forms, don't you have to sign it to agree that what is being submi...
by DiscoBunny1979
Mon Oct 14, 2013 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it worth it to hire a professional for tax planning?
Replies: 7
Views: 1044

Re: What should my mother do w her $600,000 retirement money

Hello Bogleheads, I am at a loss about how to advise my mother - She is a widow, and has about $600,000 in retirement. She has no other savings, and currently live in a $900/month subsidized apartment. All her money is sitting in checking/savings now because she's scared of the market, and I can't ...
by DiscoBunny1979
Thu Oct 10, 2013 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: What should my mother do w her $600,000 retirement money?
Replies: 31
Views: 4824

Re: Buying bond funds at 30

In my opinion, it has much to do with the hare and tortoise race . . . eventually the tortoise wins. Why? Because slow and steady wins the race. Having 90% in Stocks has about the same return as 80% or 70%. Therefore, balancing the risk versus reward by the prior poster mentioning that volatility wi...
by DiscoBunny1979
Thu Oct 10, 2013 1:19 am
 
Forum: Investing - Theory, News & General
Topic: Buying bond funds at 30
Replies: 17
Views: 1551

Re: From Zion Nat Park - to San Diego & LA we go

I think you'll be disappointed with Hollywood and the Tar Pits....really not much to see. Personally, your time is better spent going to the Getty, a concert and picnic at Hollywood Bowl (Lionel Richie plays Fri ), or perhaps visit downtown Pasadena and see the Gamble House. LA has lots to see buts...
by DiscoBunny1979
Wed Oct 09, 2013 2:41 pm
 
Forum: Personal Consumer Issues
Topic: From Zion Nat Park - to San Diego & LA we go
Replies: 18
Views: 1042

Re: Covering holes in disability coverage (is AD&D useful?)

I'm honestly more concerned with a "minor" lifelong disability than a major one - with a truly major one I would think that the any-occupation provision of my LTD plus SSI benefits would probably cover me. I'm single and my children will be leaving the nest soon, so I'm primarily concerne...
by DiscoBunny1979
Wed Oct 09, 2013 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Covering holes in disability coverage (is AD&D useful?)
Replies: 12
Views: 834

Re: newbie - windfall taxable portfolio advice, help!

What I learned from this period was that no matter how bad things look they will get better. I've also spent a lot of time looking at returns on rolling 10 yr periods with different AA mixes and feel like there is little long term "risk". So in short I am okay with deep losses in the shor...
by DiscoBunny1979
Wed Oct 09, 2013 12:01 am
 
Forum: Investing - Help with Personal Investments
Topic: newbie - windfall taxable portfolio advice, help!
Replies: 17
Views: 1350

Re: Renting a House, What Should Be on a Lease Agreement?

Things that I think should be on a lease, but might not be include: 1) Whether you can have roommates, 2) whether you can sublease rooms to other people, 3) if you can have late night parties or any parties at all that might disturb neighbors, 4) if you can have pets, 5) if you can paint the interio...
by DiscoBunny1979
Mon Oct 07, 2013 4:17 pm
 
Forum: Personal Consumer Issues
Topic: Renting a House, What Should Be on a Lease Agreement?
Replies: 9
Views: 929

Re: Creditor protection of IRA and 403(b) accounts?

IRAs are not protected from the IRS.
by DiscoBunny1979
Mon Oct 07, 2013 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creditor protection of IRA and 403(b) accounts?
Replies: 7
Views: 436

Re: New construction Vs older home buy?

One thing you have not mentioned is the quality of construction. Would the new house be already built, or would it be built after you agree to purchase it? If it is not already built, and perhaps even if it is, you want to be sure to get decent quality construction. We bought a new house, that was ...
by DiscoBunny1979
Sun Oct 06, 2013 7:25 pm
 
Forum: Personal Consumer Issues
Topic: New construction Vs older home buy?
Replies: 22
Views: 2166

Re: Dropped homeowners insurance--smart ?

Insurance is for those who can not afford the risk. With $4 million in your pocket, you can afford two new homes if you lose yours. ----------------- I totally disagree. Wealthy people buy insurance on things like antique or expensive cars, oil paintings, jewelry . . . what makes a home worth hundr...
by DiscoBunny1979
Sat Oct 05, 2013 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dropped homeowners insurance--smart ?
Replies: 37
Views: 2262

Re: Contributing toward SS in early retirement?

Not to hijack the OP's thread, but what if you work say 15 years, obtain enough credits for disability so at a young age of maybe 40 go on SSDI and some employer sponsored LTD plan. If the LTD plan is a taxable event, would that count toward any 'retirement' credits if nothing is withheld from the ...
by DiscoBunny1979
Fri Oct 04, 2013 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contributing toward SS in early retirement?
Replies: 13
Views: 1175

Re: Contributing toward SS in early retirement?

If the person is on SSDI for 10 years, does he get 10 years of zeros even if they have 'taxable' income from an LTD plan? CFR 404.211 explains how average indexed monthly earnings is calculated. It includes only "wages, compensation, self-employment income, and deemed military wage credits.&qu...
by DiscoBunny1979
Fri Oct 04, 2013 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contributing toward SS in early retirement?
Replies: 13
Views: 1175

Re: Contributing toward SS in early retirement?

If you earn money in retirement, you will have to pay into SS. However, keep in mind that SS benefits are based on your 35 highest years of earnings, adjusted for wage inflation. So, if you already have 35 good years of earnings on your record, additional payments from a part time job, for example,...
by DiscoBunny1979
Thu Oct 03, 2013 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contributing toward SS in early retirement?
Replies: 13
Views: 1175
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